In a bid to promote the use of the eNaira in carrying out transactions in the state, the Central Bank of Nigeria has launched a sensitisation fair for residents from across the 13 Local Government Areas of Nasarawa state.
eNaira is a Central…
The Federal Inland Revenue Service (FIRS) has written ministries, departments and agencies (MDAs) to refund over N1 trillion in taxes they have failed to remit according to The Nation.
A source at the FIRS told press that MDAs are expected to collect certain…
Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list.
The World Bank Fiscal Year 2021 audited financial statements, known as the IDA financial statement, showed that Nigeria was rated fifth on the list with $11.7bn IDA…
The Central Bank of Nigeria (CBN), has assured of its commitment to continue to fund 12 focal commodities that include cassava through its Commodity Development Initiative (CDI).
The Director, Development and Finance Department, CBN, Mr Yusuf Yila, gave the commitment during the inauguration…
A key feature of the Contributory Pension Scheme (CPS) is the periodic growth in the pension contributions of Retirement Savings Account (RSAs) holders for active employees/workers. This means that workers who participate in the CPS are assured of their pension contributions at…
Nova Merchant Bank Limited has announced the appointment of two independent non-executive directors and one non-executive director as it elevated about 20 per cent of its workforce to various grade levels in the bank. According to a statement, the three new appointees…
The Federal Government has projected that debt servicing will cost N10.43tn by 2025, according to the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper.
This is a 182.66 per cent increase from the N3.69tn budgeted for debt service in 2022.
Multilateral agencies and…
The Nigerian Exchange Group (NGX Group) has achieved 138.3 per cent growth in gross earnings in its half-year (H1) operations.
The group’s unaudited result for the half year ended June 30, 2022, showed a 138.3 per cent rise in gross earning to N4.22…
A former deputy governor (Operations) of the Central Bank of Nigeria Tunde Lemo, has said that the threat from the Economic and Financial Crimes Commission (EFCC) to arrest Bureau de Change operators who hoard dollars and other foreign currencies will worsen the…
First Bank of Nigeria Limited has debunked some media reports (not by The Lawyer), that its head office or branch in Abuja was sealed.
In a statement made available to The Lawyer, the bank clearly stated; “Branch, head office, not sealed
The statement…
