Category: Finance
Economists say MPC’ decision to retain all parameters reasonable
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
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
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
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
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
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
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
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
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
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
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
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%
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
Statement on the Return of Abacha Stolen Millions from the United States and Jersey
On Monday, May 4, 2020, some $311 million US Dollars - stolen from the citizens of Nigeria during the Abacha regime - were safely returned ... Read More
IMF Approves US$3.4bn Emergency Support for Nigeria to Address COVID-19 Pandemic
The Executive Board of International Monetary Fund (IMF) has approved US$3.4 billion in emergency financial assistance to support Nigeria in addressing economic impact of COVID-19 ... Read More
COVID-19: President Buhari Lauds EU Donation of N21b
President Muhammadu Buhari Tuesday in Abuja commended the European Union for donating the sum of N21 billion (50 million Euros) to support Nigeria’s efforts at ... Read More
COVID-19: FG Seeks National Assembly approval for N500bn Intervention Fund
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Saturday met with the leadership of the National Assembly to intimate it on an ... Read More
Breakdown of Contributions to Fight #COVID19Nigeria – CBN
The Central Bank of Nigeria (CBN) on Wednesday said that monetary contributions to its relief fund under the auspices of Private Sector Coalition Against COVID-19 ... Read More
PPPRA Reduces Pump Prices of Premium Motor Spirit (PMS) to N123:50
The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced further reduction of the pump price of Premium Motor Spirit (PMS) also known as petrol from ... Read More
Nigerian Senators Donates 50% of Salaries to Fight COVID-19
The Nigerian Senate has announced the decision by Distinguished Senators to contribute 50 percent of their salaries to the efforts to respond to the spread ... Read More