Nigerian stock market extends loss by 0.40%
The nation’s bourse extended negative trend for the third consecutive trading session following sell pressure on Nigerian Breweries, Dangote Sugar Refinery and tier-1 banks. The
Category : Finance
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Manufacturing firms borrowed N570bn from banks in 2020 – CBN
Manufacturing firms borrowed a total of N570bn from Nigerian banks last year amid the economic fallout of the COVID-19 pandemic. Banks’ credit to the manufacturing
FIRS targets N5.9trn tax and other revenue collection for 2021
The Federal Inland Revenue Service (FIRS) anticipates revenue collection of N5.9 trillion in 2021. Its Chairman, Mr Muhammad Nami, announced the anticipation in Abuja on
Official corruption, major enabler of illicit financial flows – FIRS
The Federal Inland Revenue Service (FIRS) says corruption and abuse of office by civil servants and political public office holders remained a major enabler of
SEC warns against illegal investment outfits
Securities and Exchange Commission (SEC) tower. Photo/nairametrics The Securities and Exchange Commission (SEC) has flayed the proliferation of Ponzi schemes, describing them as a threat
Three million Nigerians lost N18bn to Ponzi schemes – SEC
Over three million Nigerians have lost about N18bn through Ponzi schemes, the Securities and Exchange Commission stated on Tuesday. Director-General, SEC, Lamido Yuguda, said this
CBN to phase out $40b OMO Bills market
The Central Bank of Nigeria (CBN) will soon end the Open Market Operation (OMO) Bills sales to investors. The policy shift could hurt the market
Use Excess Crude Account proceeds for infrastructure development, Ex-ANAN president urges FG
Dr Samuel Nzekwe, a former President, Association of National Accountants of Nigeria (ANAN), has called on the Federal Government to utilise the proceeds of the
Dangote Sugar Refinery reports N26.70bn profit for 2020
Sugar Refinery Plc (DSR) recorded profit after tax of N26.70 billion for the financial year ended Dec. 31, 2020. The company stated this in its
Monthly instant payments, PoS deals drop to N19tn
The value of transactions via digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals – dropped to N18.99tn
