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Report: CBN may increase interest rate this year
A new report has said likely stronger dollar demand will convince the Central Bank of Nigeria of the need to tighten monetary conditions as with the trend across global central banks to manage foreign exchange reserve depletion.…
Foreigners dump Nigerian stocks worth N209bn in 11 months
Foreign investors pulled out a total of N209.76bn from the Nigerian stock market from January to November last year, official data obtained on Friday show.
The Nigerian Exchange Limited, in its latest domestic and foreign…
Umahi swears in members of revenue appeal commission, SUBEB, others
Governor Dave Umahi of Ebonyi State has sworn in new members of the Revenue Appeal Commission, Secondary Education Board, and Universal Basic Education Board.
The swearing-in ceremony took place at the Executive Council Chambers,…
Banks, insurance firms to rake in N22.6bn from MDAs
Deposit Money Banks and insurance companies are expected to rake in the sum of N22.6bn in bank charges and insurance premiums from Ministries, Departments and Agencies of the Federal Government in 2022.
This was according to an…
Komolafe Has Extensive Industry Experience for New Task at Upstream Commission, Says Expert
With over many years of leadership at various levels of the oil and gas industry as well as the possession of three degrees in three different fields of academic research, the new Chief Executive Officer the Upstream Petroleum Commission,…
Cryptocurrency: Judge proposes regulations, condemns ban
Justice Alaba Omolaye-Ajileye of the Kogi State High Court has decried the absence of a legislative framework to regulate electronic transactions in Nigeria.
The justice said while the rest of the world were enacting laws to…
Buhari signs N983bn 2021 Supplementary Appropriation Bill into law
President Muhammadu Buhari on Monday signed the 2021 Supplementary Appropriation Bill into law.
The Senior Special Assistant to the President of the National Assembly (House of Representatives), Umar El-yakub, revealed this while…
FG moves to freeze Multichoice bank accounts over N1.8trn tax fraud
The Federal Inland Revenue Service has appointed some commercial banks to recover the sum of N1.8tn from Messrs MultiChoice Nigeria Limited and MultiChoice Africa.
A statement signed by the Executive Chairman of the FIRS,…
Lagos, Yobe, Zamfara, 12 other states’ debts jump to N1.68tn
The cumulative domestic debts of Lagos and 14 others rose by 153.82 per cent between December 31, 2015 and March 31, 2021, analysis of data obtained from the Debt Management Office has shown.
Each of the states in question…
Available power generation capacity plunges by 3,000MW – Gencos
Power generation companies on Wednesday declared that the country’s available electricity capacity had dropped by about 3,000 megawatts.
Executive Secretary, Association of Power Generation Companies, Dr Joy Ogaji, said the…