Online News Magazine
Online News Magazine
Following the revocation of Heritage Bank’s banking license by the Central Bank of Nigeria (CBN) on June 3, 2024, the Nigeria Deposit Insurance Corporation (NDIC) was appointed as liquidator and the Corporation, in accordance with Section 12(2) of BOFIA 2020 and Section 55 subsections 1 & 2 of the NDIC Act 2023, immediately commenced the […]
The Central Bank of Nigeria (CBN) has said that it sold a cumulative amount of $148 million to authorised dealers in the Nigerian Foreign Exchange Market. According to the CBN acting Director, Corporate Communications Department, Hakama Sidi-Ali, the transactions were conducted on Monday and Tuesday to provide liquidity to the FX market. Ms Sidi-Ali, disclosed […]
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that Nigeria is about to raise bonds from diaspora Nigerians. The Minister said the federal government will issue the first dollar-denominated bonds targeting diaspora Nigerians as data shows that diaspora remittance has greatly improved in Nigeria, standing at about $297.4 million […]
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 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 […]
