Category Archives: Money

Inter-Bank Forex Market Gets $210m Boost From CBN

Inter-Bank Forex Market Gets $210m Boost From CBN

The Central Bank of Nigeria (CBN) yesterday intervened with the sum of $210 million to sustain liquidity in the foreign exchange segment of the market.

The high cost of financial anxiety

The high cost of financial anxiety

Financial anxiety is an avoidable load we often carry around. It can take over your whole life, both your waking hours and even invade your

NIBSS recorded 28.2m transactions on PoS in March

NIBSS Recorded 28.2m Transactions On PoS In March

Data supplied by the Nigeria Inter Bank Settlement System (NIBSS) has shown that the volume of point of sale (POS) transactions, which had declined to

PenCom Calls For Transparency In House Of Reps Committee’s Probe

PenCom Calls For Transparency In House Of Reps Committee’s Probe

The National Pension Commission (PenCom) has advocated for transparency in the ongoing investigation of its operations by the House of Representatives Pension Ad-hoc Committee. To

Nigeria trade volume hit $15.3bn : China

Nigeria trade volume hit $15.3bn : China

China- Nigeria trade volume hit $15.3bn The China non-financial investment in Nigeria has approached about three billion dollars while the China-Nigeria bilateral trade volume soared

FG Sets Price for Flared Gas in NGFCP

FG Sets Price for Flared Gas in NGFCP

The federal government has disclosed that third-party investors in its new flare gas programme – the Nigeria Gas Flare Commercialisation Programme (NGFCP) would be given

Expert Urges FG to Review VAT Law, Border Policing

Expert Urges FG to Review VAT Law, Border Policing

A tax expert, Taiwo Oyedele, has advised the federal government to review its Value Added Tax (VAT) law and improve policing at its borders to

N37bn saved from mistakes in MDAs’ promotion arrears claims — AGF

N37bn saved from mistakes in MDAs’ promotion arrears claims — AGF

Mr Ahmed Idris, Accountant-General of the Federation (AGF), says over N37 billion has been saved from misapplications, paddings, mistakes and non-compliance by MDAs to the

Forex Market Gets $210m Intervention

Forex Market Gets $210m Intervention

he Central Bank of Nigeria (CBN) yesterday injected the sum of $210 million into the interbank foreign exchange market, in continuation of its sustenance of

Tax evasion: Court orders sale of properties to settle N35.9m tax debts

Tax evasion

The Federal High Court, Abuja has ordered for sale two landed properties belonging to two tax evaders including Zaibadari Company Limited and Tradecraft Nigeria Limited

Ambode Pre-launches $50m Factory in Lekki

Ambode Pre-launches $50m Factory in Lekki

Lagos State Governor, Mr. Akinwunmi Ambode yesterday performed the pre-launch of a $50 million manufacturing plant in Lekki Free Zone, where he expressed optimism that

CBN, Banks to Disburse N200bn Single-digit Loans to Creative Industry, Others

CBN

The Central Bank of Nigeria (CBN) and banks, under the aegis of the Bankers’ Committee, Thursday said they have resolved to commence the disbursement of