News
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No plan to increase taxes, FIRS chairman assures firms
Acting chairman of the Federal Inland Revenue Service, Zacch Adedeji, has allayed fears being expressed by corporate organisations that the…
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Federal Govt, AFC Sign MoU To De-risk Mining Investments
The federal government of Nigeria, through the Solid Minerals Development Fund of Nigeria (SMDF), has signed a memorandum of understanding…
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Big banks are quietly cutting thousands of employees, and more layoffs are coming
Key Points Even as the economy has surprised forecasters with its resilience, lenders have cut headcount or announced plans to…
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Nigeria signs deal with Afreximbank to fund $200m LNG project
NIGERIA and African Export Import Bank, Afreximbank, yesterday, signed an agreement targeted at funding the nation’s $200 million Liquefied Natural Gas,…
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Manufacturers’ pain worsens on impasse with foreign suppliers
“The banks have a lot of backlogs of Letter of Credit , LCs which has made international exporters and investors…
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Q3 2023 NCM Report: Market Maintains Positive Posture as NGXASI Grows by 8.88%, NASD NSI by 8.46% and Mutual Funds NAV by 35.22% in Q3
Q3 2023 Nigerian Capital Market Service Report Equities Market Performance Review Nigerian Equities Market closed the month of July 2023…
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Rising Inflation in Nigeria: A Woe or Mere Numbers?
Nigeria’s Inflation Rate Nigeria’s inflation rate has maintained an upward trend, reaching 26.72% in September 2023, the highest rate since…
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25 states, FCT enact Contributory Pension Scheme law
No fewer than 25 states and the Federal Capital Territory (FCT) have enacted laws on the implementation of the Contributory…
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OPEC plans no immediate action after Iran urges Israel oil embargo, sources say
– OPEC is not planning to hold an extraordinary meeting or take any immediate action after Iran’s foreign minister called…
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CBN to Penalize Any Bank With MICR Reject Effective 18th November 2023
The Central Bank of Nigeria issued the Nigerian Cheque Standards (NCS) and Nigeria Cheque Printers Accreditation Scheme (NICPAS), version 2.0…
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