In Six Months FIRS Rakes-in Record N5.5 Trillion
Nigeria’s Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023. This is the highest tax revenue collection ever recorded by the Service in any first…
Emefiele, CBN: Good Governance Advocate, Akinyemi, Examines Challenges, Tasks Tinubu
The Founder and President of Apostolic Round Table (ART), a Non-Governmental Organisation in the vanguard of advocacy for good governance, Dr Bolaji Akinyemi, has reminisced on the glorious days of the CBN under the leadership of erudite, credible and result-oriented…
Tinubu Vows To Remove Investment Bottlenecks, Reposition Economy
President Bola Tinubu has assured the manufacturing and service sectors in Nigeria that more reforms will be unfolded to enable efficiency and attract investments. Tinubu also promised that the ongoing economic ‘‘revolution’’ will be deliberately steered to capture and favour…
Folashodun Shonubi: All You Need To Know About New Acting CBN Governor.
Following the suspension of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, President Bola Tinubu has tasked the Deputy Governor, Operations Directorate, Mr. Folashodun Adebisi Shonubi, to lead the country’s apex financial institution in an acting capacity….
CBN Has Not Devalued The Naira – Official
Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has denied report that the naira has been devalued contrary to a news report on June 1, 2023, titled “CBN Devalues Naira To 630/$1”. In a statement signed by the Acting…
CBN Increases Interest Rate For 3rd Consecutive Time
For the third consecutive time Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has raised the interest rate from 18 percent to 18.5 percent. The CBN governor, Godwin Emefiele, announced the decision on Wednesday after a meeting of the…
(Full List) CBN Revokes Licences Of Microfinance Banks, Financial Institutions
Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country. The revocation exercise was disclosed in the official gazette of the…
Gluwa: Nigeria’s Cryptocurrency Legalization Gets Boost As Firm Commits $35m To Indigenous Crypto Exchanges Growth In Africa
Gluwa, a foremost global blockchain company, has announced its readiness to work closely with the Federal Government of Nigeria to create a policy framework that supports the legalization and adoption of cryptocurrencies in Africa’s largest economy. The firm believes cryptocurrencies…
ECOWAS Competition Authority Sensitises Stakeholders On Regional Competition Framework
The Economic Community of West African States (ECOWAS) Regional Competition Authority (ERCA) in collaboration with the National Competition Authority of Cabo Verde (AdC) has organised a joint advocacy and sensitisation workshop on the ECOWAS Regional Competition Framework and the mandate…
Free Trade Zones Scheme Generates N35.1bn Customs Duty in 2021 – NEPZA
The Nigeria Export Processing Zones Authority (NEPZA), says that the Free Trade Zones (FTZs) Scheme generated a total of N35.1 billion for government as Customs Duty in 2021. The authority said the sum of N408.3 million was also remitted as…
