Finance Archives — Page 4 of 21

December 3, 2020 No Responses

NSE Begins Application Of 0.08% Stamp Duty On Securities Transactions Dec 7

The Nigerian Stock Exchange (NSE) has announced the revision of Stamp Duty on securities transactions to 0.08% from 0.075%, effective 7 December 2020. In a statement on Thursday, NSE explained that the change is necessitated by the classification of Contract...

November 20, 2020 No Responses

Unclaimed Dividend: ICSAN Urges Review Of Finance Bill

The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has called for review of Section 39 of the Finance Bill 2021 over its provision for take-over of unclaimed dividends of public listed companies. ICSAN President, Bode Ayeku made the.....

September 23, 2020 No Responses

Mixed Reactions Trail CBN‘s MPR Cut

Finanical experts on Tuesday expressed mixed reactions to the 100 basis points slash in the Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). The financial experts spoke with the News Agency...

August 29, 2020 No Responses

Ecobank Wins Innovation In Financial Services Award

Ecobank Group has emerged winner of Innovation in Financial Services award at the 2020 edition of the prestigious African Banker magazine Awards. The Awards, which reward banking excellence in Africa, were announ...

July 21, 2020 No Responses

Heritage Bank Upgrades HB ‘Padie’ Mobile App

Heritage Bank has upgraded its HB ‘Padie’ mobile application to HB ‘Padie’ 2.0, which comes with new improved features for convenient, quick, secure and affordable way for seamless 24/7 banking transaction. A statement explained that the HB ‘...

July 21, 2020 No Responses

Labour Commends FIRS Over Increase In Revenue Generation

Organised Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has commended the management team of the Federal Inland Revenue Service (FIRS) for considerably boosting Federal Government revenue via stamp duty collection just as it...

June 24, 2020 No Responses

Stockbrokers Task FG On Fixed Income Securities

Stockbrokers on the Nigerian Stock Exchange have called for more issuance of fixed income securities by the government to finance infrastructure deficit. They described the recent over-subscription of Sukuk Ijarah, issued by the Federal Government, as a clear ...

June 18, 2020 No Responses

FG, States, LGs Share N547.309b

The Federation Accounts Allocation Committee (FAAC) on Wednesday shared N547.309 billion to the three tiers of government for the month of May. The Director of Information in the Ministry of Finance, Budget and National Planning, Mr Hassan Dodo, explained in.....

March 14, 2020 No Responses

Finance Minister: N285b So Far Released For 2020 Capital Projects

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Friday revealed that about N285 billion has so far been released for capital projects in the 2020 budget. Speaking with Journalists after the Presidential Committee on the review...

March 6, 2020 No Responses

Osibanjo: FG Will Use New Finance Act To Protect MSMEs

The Federal Government will use the opportunities provided by the newly signed Finance Act to protect Micro Small and Medium-scale Enterprises (MSME) in the country, Vice President Yemi Osibanjo, has said. Speaking on Thursday in Abakaliki during the lau...

December 11, 2019 No Responses

Senate Probes N20trn Unremitted Stamp Duties From Banks, Financial Institutions

The Senate has mandated its Committee on Finance to investigate the non-remittance of over N20 trillion into the Federation Account by Central Bank of Nigeria, an amount collected as stamp duties from Banks and Financial Institutions in the country. The....

December 7, 2019 No Responses

Customs Boss Seeks Separate Budget For Staff College

The Comptroller-General of Nigeria Customs Service (NCS), Col. Hameed Ali (rtd) has appealed for a separate budget for Nigeria Customs Command and Staff College, Gwagwalada for the institution to realise its set out goals.Ali made the appeal at the Gradu...

October 21, 2019 No Responses

Nigeria To Secure $3b Power Sector Loan

The Minister of Finance, Mrs Zainab Ahmed, on Sunday said the Federal Government’s request for a World Bank loan to finance the power sector was at the verge of being granted. Ahmed stated this at a media briefing on activities...

October 12, 2019 No Responses

First Bank Boss At Edinburgh Conference, Reiterates Commitment to Financial Inclusion In Nigeria

By citybusinessnews@yahoo.com — As part of the Bank’s financial inclusion and global thought leadership drive, the Chief Executive Officer, First Bank of Nigeria Limited, Dr. Adesola Adeduntan participated in the 2019 Global Leaders Interactive pa...