The Debt Management Office (DMO), on behalf of the Federal Government, has announced the offer for a subscription to the November 2022 Federal Government Savings Bond. A circular issued by the Office indcated that there were two tranches of issuances, namely the 2-year and 3-year savings bonds, with interest rates of 12.492% and 13.492%, respectively. The interest rates […]
Nigeria’s national currency, the Naira sustained its exchange rate recovery trend for the second consecutive day at the parallel market on Tuesday, trading at an average of N855/$1, compared to an average of N875/$1 recorded in Monday’s trading session. According to information from black market traders in Abuja, the Nigerian national currency also appreciated by […]
The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has charged world leaders to join the WTO in charting a trade roadmap for a just and ambitious global response to climate change. Okonjo-Iweala, who made the call in an opinion article on Climate Change published on Tuesday by Financial Times, explained that […]
The Rural Electrification Agency (REA) on Tuesday disclosed that it had so far signed 267 agreements worth about $395 million to provide electricity to un-served and under-served consumers under the Nigeria Electrification Programme (NEP) nationwide. The agency’s Managing Director, Engr. Salihijo Ahmad, who gave this hint in Abuja during an interactive chat with journalists, explained […]
Dangote Cement has launched a circular economy programme, called “DangCircular” with the aim of promoting recycling and reuse of scarce resources in society to reduce landfilling and create wealth as a contribution to environmental sustainability. The programme was launched during this year’s Dangote Sustainability Week, targeting students of tertiary institutions in the country. As part of the […]
SmartViser, a leading provider of test automation products, has announced a series of events participation in the African region to address the pressing needs of Mobile Network Operators and Regulators in the continent and contribute to their long-term growth and success. With an increasing fast-paced advance in Telecom Technology, Mobile Network Operators and other Telecoms […]
The Naira reversed its week-long sliding streak at the foreign exchange (FX) market on Monday, trading at N875 to the US dollar at the parallel market. The local currency depreciated to the lowest exchange rate level on Saturday when it traded at N890 to the US dollar at the parallel market as scarcity of dollar […]
The Federal Inland Revenue Service (FIRS) has appointed MTN, Airtel and deposit money banks (DMBs) in the country to withhold Value Added Tax (VAT) charged on all taxable supplies made to them and subsequently remit the VAT to it. This was conveyed in a Public Notice issued by the revenue service on November 1, signed […]
The African Development Bank (AfDB) has reported that the Africa Investment Forum (AIF) Market Days held this year drew a total of $63.8 billion in investment interest from African and global investors to the continent. The development finance institution gave this figures in a statement hoisted on its website on Monday. According to the bank, the 2021 Africa […]
Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, has described tax dialogues as a tool for engendering tax compliance through collective ownership of the tax system as well as a means to strengthening tax systems globally. Nami, who made this remark at the 2022 Kaduna State Tax Dialogue, held in Kaduna, […]