Category Archives: Money

Lawmaker calls for forensic audit of NASS budgetary allocations

senator-abdullahi-adamu

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

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

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

Babatunde Fowler, Chairman, FIRS

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 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

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

nigeria-india-trade

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

governor-nasir-el-rufai

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

nigerian-stocks

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, 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

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

aisha-dahir-umar

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 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

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