Category: Finance

COVID-19 Disruptions and Survival of MSMEs

Henry Solomon- September 26, 2020

By Chijioke Okoronkwo One of the critical areas of global economy adversely affected by the COVID-19 pandemic is the Micro Small and Medium Enterprises (MSMEs) ... Read More

NGOs sensitise Kogi CCT households on grievance redress mechanism

Abdul Jimoh- September 11, 2020

Some Non Governmental Organisations  (NGOs) have sensitised the Conditional Cash Transfer (CCT) beneficiaries in Kogi on Grievance Redress Mechanism (GRM) to ensure transparency and accountability ... Read More

Over N96bn Paid Across Operational Departments – PTAD

Henry Solomon- September 9, 2020

The Pension Transitional Arrangement Directorate (PTAD) has paid over N96 billion across all the operational departments of the Federal Government between July 2019 and August ... Read More

Power sector reform: $6.15bn grant will improve electricity supply — minister

Suleiman Idris- August 27, 2020

The Minister of Power, Mr Sale Mamman says the 6.15 billion dollars (about N2.373 trillion) recently secured by the Federal Government for the power sector ... Read More

Army partners EFCC to end attacks on oil, gas pipelines in Rivers

Abdul Jimoh- August 19, 2020

The Nigerian Army says it is collaborating with the Economic Financial and Crimes Commission (EFCC) in Port Harcourt to end attacks on oil and gas ... Read More

Coronavirus: World Bank calls for greater debt relief for poorer nations

Abdul Jimoh- August 19, 2020

World Bank President, David Malpass, said that a more ambitious debt relief plan is needed to save poorer countries from sliding into pandemic-induced “depression”. “This ... Read More

Nigerian Banks Recovered N50.32m Loans Within 9 Days – CBN Director

Henry Solomon- August 18, 2020

Mr Kevin Amugo, Director, Financial Policy and Regulation, Central Bank of Nigeria (CBN), said Nigerian banks recovered about N50.32 million bad loans from debtors within ... Read More

Economists say MPC’ decision to retain all parameters reasonable

Suleiman Idris- July 25, 2020

Some Economic analysts on Thursday in Lagos described as “reasonable” the decision by the Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), ... Read More

WTO Begins Second Phase of Selection For DG

Henry Solomon- July 15, 2020

The World Trade Organisation (WTO) on Wednesday in Geneva began the second phase of the selection process for the position of Director-General. Former Finance Minister ... Read More

President Buhari’s Speech at Signing of Revised 2020 Budget

Tanimu- July 10, 2020

PROTOCOLS It is my pleasure and honour to sign the Appropriation (Repeal and Amendment) Act, 2020 into law today. I thank the Distinguished Senate President, ... Read More

COVID-19: AfDB Urges Central Banks to Cut Interest Rates

Henry Solomon- July 7, 2020

The African Development Bank (AfDB) has urged central banks on the continent to act quickly by cutting interest rates to inject liquidity in view of ... Read More

Indonesia Imposes 10% VAT on Amazon, Google, Netflix, Spotify

Tanimu- July 7, 2020

Indonesia imposed a 10 percent Value-Added Tax (VAT) on sales by technology firms including Amazon, Netflix, Spotify, and Google on Tuesday, as spending patterns shift ... Read More

Wema Bank appoints Ajimisinmi as Executive Director

Suleiman Idris- July 1, 2020

The Board of Directors, Wema Bank Plc on Wednesday announced the appointment of Mr Oluwole Ajimisinmi as an Executive Director of the bank. Mr Johnson ... Read More

CIS Urges Nigerians to Support FG’s Growth Plan Through Sukuk

Henry Solomon- May 30, 2020

The Chartered Institute of Stockbrokers (CIS) has urged Nigerians to support the Federal Government’s growth initiatives by subscribing to its N150 billion Sukuk. The N150 ... Read More

Presidential Executive Order No. 00-10 by President Buhari, for the Implementation of Financial Autonomy for the State Legislature and State Judiciary and for Other Related Matters

Tanimu- May 28, 2020

Whereas a Presidential Implementation Committee was constituted to fashion out strategies and modalities for the implementation of financial autonomy for the State Legislature and State ... Read More

US Dollars Weakened Against South African Rand

Tanimu- May 26, 2020

South Africa’s rand raced to its highest in more than eight weeks against the U.S. dollar on Tuesday, as optimism about a global recovery from ... Read More

Group Louds President Buhari for Signing Financial Autonomy to Legislature and Judiciary

Tanimu- May 23, 2020

Human  Rights Campaigner, Mr Ebun-Olu Adegboruwa,SAN, has  commended President Muhammadu Buhari, for signing the Executive Order, granting financial autonomy to the Judiciary and Legislature. Adegboruwa ... Read More

NNPC February Sales of Petroleum Products

Tanimu- May 12, 2020

The Nigerian National Petroleum Corporation (NNPC) Tuesday in Abuja announced that its Downstream subsidiary Company in charge of bulk sales and distribution of petroleum products, ... Read More

2 Chinese in EFCC Net for N50m Bribe

Tanimu- May 12, 2020

The Sokoto Zonal Office of the Economic and Financial Crimes Commission, EFCC, has arrested two Chinese: Mr. Meng Wei Kun and Mr. Xu Koi for ... Read More

COVID-19: Saudi Arabia Increase VAT by 15%

Tanimu- May 11, 2020

Saudi Arabia will increase its value-added tax (VAT) from five to 15 percent in July, the Finance Ministry said on Monday, as part of moves ... Read More