Finance & Economy
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The Pains of A Windfall Tax: Appraising the NASS’s Financial Act Amendment
The power to tax is the power to destroy. – John Marshall Outline Preamble – The new Finance Bill Amendment and…
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Wale Edun: There are impediments to direct FAAC payments to LGAs
Wale Edun, the minister of finance, says there are “practical impediments” to the implementation of direct payment of allocation to…
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CBN MPC Raises MPR to 26.25%, As Inflation Jitters Persist
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has raised its monetary policy rate (MPR) for the fourth…
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CIBN writes Senate, warns against windfall tax
Plans by the Federal Government to impose taxes on foreign exchange (FX) gains on banks may deter foreign investors and…
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Investors Lost N68.49bn as NGXASI Declined by 0.12%; BDC Rate Appreciated to N1,583/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities Bearish sentiments prevailed again on the Nigerian bourse at the close of Wednesday’s…
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Banks Recapitalization Watch for the week ended July 19, 2024
This week, the NGX-Banking Index declined by 0.05% week on week (W-o-W) to close at 843.99. Among the Tier 1…
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Investors Lost N46.70bn as NGXASI Declined by 0.08%; BDC Rate Depreciated to N1,590/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian stock market ended the day negative, reversing the gains seen on…
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Forex inflow via IMTOs hits $1.07bn in three months – CBN
Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of…
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Naira Can Appreciate Below N1,200/$ If CBN Implements Right Policies – Rewane
The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, says the appreciation of the naira against the dollar in…
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CBN Communiqué No. 153 of the MPC Meeting – July 22 – 23, 2024
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 296th meeting on July 22nd and…
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