Category: Economy

FG To Increase Tax Collection Efficiency
May 24, 2024 No Responses

FG To Increase Tax Collection Efficiency

Vice President Kashim Shettima says the Administration of President Bola Tinubu is targeting to increase the efficiency of tax collection in the country as he reassures Nigerians that there is no plan to impose more taxes on the citizens. He...
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CBN Issues Approved Guidelines For BDCs
May 23, 2024 No Responses

CBN Issues Approved Guidelines For BDCs

The Central Bank of Nigeria (CBN) has issued its approved guidelines to regulate the activities of Bureau de Change (BDC) operators in the country. In its new circular released on Wednesday, the minimum capital base for Tier-1 BDCs is N2bn...
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TotalEnergies Unveils Kaminho Deepwater Project
May 22, 2024 No Responses

TotalEnergies Unveils Kaminho Deepwater Project

Chairman and Chief Executive Officer of TotalEnergies, Patrick Pouyanné, met on May 20 in Luanda with João Lourenço, President of Angola, Diamantino Azevedo, Minister of Mineral Resources, Oil & Gas (MIREMPET), Paulino Jerónimo, Chairman and CEO of ANP...
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CBN Raises Interest Rate To 26.25 %
May 22, 2024 No Responses

CBN Raises Interest Rate To 26.25 %

The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. Following a two-day meeting, the bank’s Monetary Policy Committee (MPC) agreed to increase the Monetary Policy...
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DMO Raises N4.9tri For Ways And Means Securisation
May 21, 2024 No Responses

DMO Raises N4.9tri For Ways And Means Securisation

The Debt Management Office (DMO) has raised N4.9 trillion out of the N7.3 trillion approved for Ways and Means securitisation. “For the Ways and Means, out of the N7 trillion approved for securitisation, we have raised N4.905 trillion,” Oniha said....
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NCC Suspends Issuance Of Virtual Operators Licence
May 18, 2024 No Responses

NCC Suspends Issuance Of Virtual Operators Licence

The management of Nigerian Communication Commission (NCC) has temporarily suspended new licence issuance to operators in three categories. The categories affected include Mobile Virtual Network Operator Licence, Interconnect Exchange Licence and Value Added Se...
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FG, States, LGAs Share N1.2Trillion April Revenue
May 17, 2024 No Responses

FG, States, LGAs Share N1.2Trillion April Revenue

A total sum of N1.2trillion April 2024 Federation Account Revenue has been shared to the Federal Government, States and Local Government Councils in the country. The revenue was shared at the May 2024 meeting of the Federation Accounts Allocation Committee...
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Nigeria’s Inflation Hits 33.69 Per Cent
May 16, 2024 No Responses

Nigeria’s Inflation Hits 33.69 Per Cent

Nigeria’s inflation rate rose to 33.69% in April 2024 compared to March 2024 headline inflation rate which was 33.20%. This was according to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released on Wednesday. “In April 2024...
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NIMASA DG Assures Maritime Stakeholders Of Inclusivity
May 12, 2024 No Responses

NIMASA DG Assures Maritime Stakeholders Of Inclusivity

The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dayo Mobereola has assured stakeholders in the Nigerian maritime sector of inclusivity, towards the development of the sector. The NIMASA DG  who made this asserti...
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Analysts Place “Buy” On Fidelity Bank
May 12, 2024 No Responses

Analysts Place “Buy” On Fidelity Bank

Highly-rated, independent investment advisory firms have picked Fidelity Bank as a very attractive stock with potential to generate high returns for investors. Independent investment research reports by many market pundits reviewed at the weekend showed that F...
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Nigeria Targets New Visa Application Process
May 12, 2024 No Responses

Nigeria Targets New Visa Application Process

The Federal Government is working to revise the visa application policy in the country in a few weeks to improve accessibility, Minister of Interior, Olubunmi Tunji-Ojo, has said Tunji-Ojo disclosed this at a stakeholders’ consultative meeting regarding Nige...
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Tinubu Unveils Funtua Inland Dry Port, Lauds Shippers’ Council
May 10, 2024 No Responses

Tinubu Unveils Funtua Inland Dry Port, Lauds Shippers’ Council

President Bola Ahmed Tinubu has commissioned Funtua Inland Dry Port project in Funtua, Katsina State.He was represented at the official commissioning of the Funtua Inland Dry Port by the Secretary to the Government of the Federation, Senator George Akume, on.....
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NCDMB Co-Chair, Ekpo Meets Exec Sec, Pledges Support For Local Content 
May 10, 2024 No Responses

NCDMB Co-Chair, Ekpo Meets Exec Sec, Pledges Support For Local Content 

The Co-Chair of the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) and Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo on Thursday in Abuja received in audience the Executive Secretary of NCDMB, Engr. Fe...
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TUC Threatens Nationwide Shutdown
May 9, 2024 No Responses

TUC Threatens Nationwide Shutdown

The Trade Union Congress (TUC) has threatened shut down the Nigerian economy should the Federal Government fail to cancel the controversial cybersecurity levy recently introduced by the Central Bank of Nigeria. The TUC in a statement signed by its President,.....
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