FIRS rakes in N97.7bn from going after tax defaulters’ bank accounts
The Federal Inland Revenue Service (FIRS), has raked in N97.7 billion from tax defaulters since it directed banks to put a lien on their accounts,
Category : Finance
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FEC approves N10.07trn 2020 Budget proposal, raises VAT to 7.2%
The Federal Executive Council (FEC) on Wednesday approved N10.07trillion 2020 Budget proposal for onward transmission to the National Assembly for consideration and approval. The Minister
Nigeria bourse drops further by N20bn, amid insecurity concerns
Transactions on the Nigeria bourse on Tuesday closed negative with a decline of N20 billion, extending bearish sentiment for the second day running. The market
FG receives N2trn revenue from January to June 2019 – D-G Budget
The Federal Government received two trillion naira as revenue from January to June 2019, Director-General of the Budget Office, Mr Ben Akabueze, has said. Akabueze
Economist decries N1.04trn debt of states in South West
An economist, Prof. Tella Sheriffdeen, on Tuesday expressed concern over the N1.04 trillion debt profile of states in the South West. Tella, a Professor of
CBN Injects $210m into forex market
The Central Bank of Nigeria (CBN) has injected 210 million U.S. dollars into interbank segment of the Foreign Exchange Market following sales concluded on Tuesday.
CBN releases regulation for electronic payments, collections
The Central Bank of Nigeria (CBN) on Tuesday released regulation for electronic payments and collections for public and private sectors in the country. The regulation
FG to begin deduction of N614bn bailout funds to states September
The Federal Government will, from September, begin deduction of the N614 billion bailout funds it gave to states for payment of salaries of workers in
SEC, FCCPC sign MoU on merger review
Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding (MoU) with the Federal Competition and Consumer Protection Commission (FCCPC) to simplify the process
Orji Kalu denies selling issued shares capital of his banking group
Dr Orji Kalu, former governor of Abia and Chief Whip of the Ninth Senate, has denied selling the issued shares capital of his banking group,
