CBN Strategies Yielding Results as Dollar Remittances Quadruple, Foreign Investors Return
“All the different measures we have taken to boost reserves and create more liquidity in the markets have started to pay off,” Governor Cardoso said....
Category : Business
Foreigners Bid 79% in Oversubscribed CBN N1 Trillion OMO Bills
The sale was not only oversubscribed but attracted a huge proportion of foreign bids....
CBN Revokes Operational Licenses of 4,173 BDCs
The Central Bank of Nigeria (CBN),in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No....
House of Reps Summons Niger Delta Minister Over BNC’s Petition
The Niger Delta Minister, Prince Abubakar Momoh, has been summoned by the House of Representatives Committee on Public Petitions to appear before it on Thursday...
FG Launches Expatriate Employment Levy Guidelines for Smooth, Effective Implementation
The EEL initiative is a landmark step towards fostering economic growth and is anticipated to yield several benefits, including revenue generation for the government, enhancement...
MPC Targets Inflation Reduction, Raises MPR by 400 Basis Points
The decisions include: raising the MPR from 18.75 to 22:75 per cent, an increase of 400 basis points, adjustment of the asymmetric corridor around the...
FAAC Shares N1,149.816 trn Among Government Tiers From Total Gross Total of N2.068 trn for Jan 2024
Company Income Tax (CIT), Import Duty, Petroleum Profit Tax (PPT) and Oil and Gas Royalties increased significantly, while Value Added Tax (VAT), Export Duty, Electronic...
Ministry Seeks NAICOM Partnership to Equip Youths With Financial Literacy
He noted that the Ministry had developed a digital platform (app) called Nigerian Youth Academy (NIYA) where Nigerian youth could learn vocational and digital skills....