Category: Finance

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

Statement on the Return of Abacha Stolen Millions from the United States and Jersey

Tanimu- May 5, 2020

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

Henry Solomon- April 29, 2020

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

Tanimu- April 14, 2020

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

Henry Solomon- April 4, 2020

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

Tanimu- April 2, 2020

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

Tanimu- April 1, 2020

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

Tanimu- March 30, 2020

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