Category Archives: Money
Lawmaker calls for forensic audit of NASS budgetary allocations
A federal lawmaker, Sen. Abdullahi Adamu (APC-Nasarawa), has called for probe into budgetary allocations to the National Assembly. Adamu made the call while speaking with
States owe FIRS N41 billion tax – NEC
The National Economic Council (NEC) on Thursday said states are owing the Federal Inland Revenue Service (FIRS) N41 billion in Value Added Tax (VAT). Gov.
Average fare by commuters increased in July – NBS
The National Bureau of Statistics (NBS) says average fare paid by commuters for bus journey within the city increased to N170.03 from N168.90 recorded in
FIRS shuts firms in Lagos, Abuja, Benin for Tax debts
The Federal Inland Revenue Service (FIRS) has continued its enforcement exercise, sealing off tax-defaulting companies in Lagos, Abuja and Benin. On Wednesday, the agency’s enforcement
South Africa to probe $130 billion state pension fund
South African President Cyril Ramaphosa has agreed to set up a commission of inquiry into alleged governance failures at the state-owned pension fund, the Finance
Naira closes at N362.30 to dollar at investors’ window
The Naira on Wednesday closed at N362.30 to the dollar at the investors’ window, with investors trading a total of 147.8 million dollars. At the
Nigeria, India trade hits $12 billion
The trade volume between India and Nigeria hit 12 billion dollars between April 2017 to March 2018, Indian High Commissioner to Nigeria, Nagabhushana Reddy, has
El-Rufa’i presents N155bn budget for 2019
Kaduna State Government on Wednesday presented its 2019 budget of N155 billion to the state House of Assembly for approval. The budget, tagged `Budget of
Index defies July inflation rate figure, down by 0.60% – NSE
The All-Share Index at the Nigerian Stock Exchange (NSE) on Wednesday dropped further by 0.60 per cent in spite of July inflation rate figure released
Fidelity Bank, BoI unveil lending scheme for manufacturers
Fidelity Bank Plc, in a strategic partnership with the Bank of Industry, has launched a lending scheme for manufacturers. The bank, in a statement on
What to do when your bank closes your account
One of the most frustrating experiences is when your bank closes your account. According to www.thebalance.com, it is important to realise that just as you
PenCom restores 25% lump sum payment to retirees
The National Pension Commission has suspended the payment of 20 per cent lump sum to retirees under the Contributory Pension Scheme and directed all Pension
Ecobank announces finalists of the Ecobank Fintech Challenge 2018
Ecobank, the leading independent pan-African banking group, has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused
Adeosun urges more revenue targets for Nigerian Govt agencies
The Minister of Finance, Mrs Kemi Adeosun, says Chief Executive Officers (CEOs) of Federal Government agencies should be given more revenue targets and probably have
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