Tag: Finance

SEC Reiterates Support For Capital Market
July 16, 2018 No Responses

SEC Reiterates Support For Capital Market

  The Securities and Exchange Commission, SEC has restated its dedication to collaborate with relevant stakeholders to further develop and deepen the capital market.  The Ag. Director General of the Securities and Exchange Commission, SEC, Ms Mary Uduk  stated this...
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FIRS Generates N2.5Tri In Six Months
July 14, 2018 No Responses

FIRS Generates N2.5Tri In Six Months

The Federal Inland Revenue Service has announced that it realized a total of N2, 529,615,174,601.25 (Two trillion, five hundred and twenty-nine billion, six hundred and fifteen million, one hundred and seventy-four thousand, six hundred and one naira, twenty-...
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Nigeria Reconstitutes Tax Appeal Tribunals
July 13, 2018 No Responses

Nigeria Reconstitutes Tax Appeal Tribunals

The Federal Government has reconstituted the Tax Appeal Tribunals in the six geo-political zones as well as Lagos and Federal Capital Territory.   The reconstitution of the Tribunals is in accordance with Section 2(1) of the Fifth Schedule of the...
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Buhari Implores Lending Banks On Stronger Partnership
July 13, 2018 No Responses

Buhari Implores Lending Banks On Stronger Partnership

President Muhammadu Buhari Thursday in Abuja called for stronger partnership with lending banks to reduce the nation’s infrastructure deficit, assuring of his administration’s full commitment to implement all agreements.  Receiving the Board of African Ex...
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NIMASA Engages CBN On Special Interest Rate
July 10, 2018 No Responses

NIMASA Engages CBN On Special Interest Rate

The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) Dr Dakuku Peterside has disclosed that the Agency is engaging the Central Bank of Nigeria to create a special interest rate for maritime assets acquisition in Nigeria stating t...
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Shareholders fault Oando’s 2017 Result, Seeks Forensic Audit
July 9, 2018 No Responses

Shareholders fault Oando’s 2017 Result, Seeks Forensic Audit

Shareholders under the aegis of Proactive Shareholders Association of Nigeria (PROSAN), at the weekend, faulted the 2017 full year result of Oando Plc.    The group also lamented the inability of the company to pay dividend to its shareholders for...
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“NNPC Pays $1b Out Of $5b Cash Call”
July 6, 2018 No Responses

“NNPC Pays $1b Out Of $5b Cash Call”

The Nigerian National Petroleum Corporation (NNPC) has paid $1billion out of its $5billion cash call. The Group Managing Director, Dr. Maikanti Baru stated this in Abuja while addressing the corporation’s workers via a mail broadcast to commemorate his two-y...
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Investors Stake N4.85B On UBA, Zenith, FBN Holdings In Four Days
June 23, 2018 No Responses

Investors Stake N4.85B On UBA, Zenith, FBN Holdings In Four Days

For the week ended June 22, 2018, trading in the shares of United Bank for Africa Plc (UBA), Zenith International Bank Plc and FBN Holdings Plc accounted for 325.580 million shares worth N4.854billion in 3,381 deals, contributing 29.68% and 31.37%...
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‘Nigerian Banks Lose N12.30B To Fraud In Four Years’
June 22, 2018 No Responses

‘Nigerian Banks Lose N12.30B To Fraud In Four Years’

The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday said the banking industry lost the sum of N12.30 billion to various frauds between 2014 and 2017. Mr Adebisi Shonubi, Managing Director, NIBBS, disclosed this at the third Annual Banking Security S...
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FG Explains N1.580Trillion Capital Cost To MDAs
June 20, 2018 No Responses

FG Explains N1.580Trillion Capital Cost To MDAs

The Federal Government has announced that a total of N1,580,270,755,084.44(One trillion, five hundred and eighty billion, two hundred and seventy million, seven hundred and fifty-five thousand, eighty-four naira, forty-four kobo) capital cost was released to M...
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Naira Converges At N360 To Dollar
June 20, 2018 No Responses

Naira Converges At N360 To Dollar

The Naira on Tuesday converged at N360 to the dollar across the major foreign exchange market, the News Agency of Nigeria(NAN) reports. At the parallel market, the naira traded at N360 to a dollar, stronger than the N360.6 exchanged before...
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CBN Injects $210m Into Foreign Exchange Market
June 13, 2018 No Responses

CBN Injects $210m Into Foreign Exchange Market

The Central Bank of Nigeria (CBN) on Tuesday injected 210 million dollars to meet customers’ requests in various segments of the foreign exchange market.  The acting Director, Corporate Communications, CBN, Mr Isaac Okorafor in a statement in Abuja said the...
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“New Excise Duty Rates Not Targeted At Local Manufacturers”
June 11, 2018 No Responses

“New Excise Duty Rates Not Targeted At Local Manufacturers”

The new excise duty rates approved by President Muhammadu Buhari on alcoholic beverages and tobacco are not  targeted at local manufacturers, the Ministry of Finance has declared.  In a statement on Sunday the Ministry explained that the new excise duty...
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WFE Explains Renewed Focus On Growth In Capital Markets
June 9, 2018 No Responses

WFE Explains Renewed Focus On Growth In Capital Markets

The World Federation of Exchanges (WFE) on Friday co-hosted  a symposium with the Shanghai Stock Exchange (SSE) on the future of global capital markets. Held in Shanghai, the event brought  together WFE members and industry stakeholders to focus on three...
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