Online News Magazine
Online News Magazine
The Federal Inland Revenue Service, FIRS has promised a robust tax system that is inconformity with the global best practices to revamp the nation’s economy in consonance with the Renewed Hope Agenda of President Bola Ahmed Tinubu The Agency’s unveiling of the National Single Window initiative has overtly supported economic growth, providing business enterprises with […]
The Central Bank of Nigeria (CBN) has sold the sum of US$122,671,000.00 (One Hundred and Twenty-Two Million, Six Hundred and Seventy-One Thousand United States Dollars) to 46 authorised dealers in its determination to promote stability and reduce market volatility in the foreign exchange market. A statement signed by the Bank’s Director in charge of Financial […]
VFD Group Plc shareholders have given approval to the company’s’ board to raise N30 billion fresh capital, as the CEO explained that the company would deploy the proposed N30 billion it intended to raise, to drive a new growth phase of five years which commenced in 2024. This was disclosed on Thursday by the leading […]
Despite the bloated recurrent spending in the 2024 budget and a significant infrastructure gap, Nigeria’s debt repayment now exceeds both recurrent and capital expenditure. This is alongside the country’s Foreign Direct Investment (FDI) being at an all-time low of under US$1 billion. Mr. Tilewa Adebajo, Chief Executive Officer (CEO) of The CFG Advisory, disclosed this […]
The Board and Management of VFD Group Plc has informed the general and investing public of the strategic decisions made during its recent board meeting held on Thursday, May 30, 2024. According to press statement signed by Chidinma Chukwueke-Okolo, Head, Investor Relations these decisions reflect the company’s ongoing commitment to sustainable growth, prudent financial management, […]
Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, in this interview reviews the praises being lavished on the agency for growing tax revenue, saying the commendation should be specially reserved for President Bola Tinubu who has set the right economic parameters in place for the agency to succeed. He also shares insights into […]
…….assures the banking public of seamless repayment of deposits Following the revocation of the banking license of Heritage Bank Plc by the Central Bank of Nigeria (CBN) on monday June 3, 2024 and the appointment of the Nigeria Deposit Insurance Corporation (NDIC) as the Liquidator, pursuant to Section 12(2) of BOFIA, 2020, the Corporation wishes […]
The Nigeria Deposit Insurance Corporation (NDIC) has officially launched its Anti-Corruption and Transparency Unit (ACTU) in collaboration with officials from the Independent Corrupt Practices and Other Related Offences Commission (ICPC) at the NDIC headquarters in Abuja. The MD/CEO of NDIC, Bello, stated that the establishment of the ACTU aligns with the Organisation’s zero-tolerance policy towards […]
Central Securities Clearing System Plc (CSCS), Nigeria’s premier Financial Market Infrastructure company, has appointed Nonso Okpala, Group Managing Director/CEO of VFD Group, into its Board. Nonso Okpala, who currently serves as the Group Managing Director and Chief Executive Director of VFD Group, a proprietary investment company with diversified portfolio – a company he co-founded with […]
……. as BDCs Post Losses Over Expensive Dollar Allocations The Association of Bureaux De Change Operators of Nigeria (ABCON), the umbrella body of all Central Bank of Nigeria (CBN)-Licensed Bureaux De Change (BDCs) in Nigeria has appealed to the Apex Bank to adjust and lower its applicable Exchange Rate downward below the N1,251/$ its pegged […]
