Finance Act 2020: NCC, Sister Agencies to Strengthen Collaboration with FIRS

An inter-agency committee set, up by the Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami, to discuss areas of collaboration between the agencies of the Federal Ministry of Communications and Digital Economy and the Federal Inland Revenue Service (FIRS) in relation to the Finance Act 2020 has held an interactive session. Chaired by the Executive Vice Chairman (EVC) of the Nigerian Communications … Continue reading Finance Act 2020: NCC, Sister Agencies to Strengthen Collaboration with FIRS

Lagos CBD dislodge lawless motorists, street traders in Lagos Island business district

As part of efforts to ensure sanity within the Lagos Island Business District, the Senior Special Assistant to the Governor on Central Business Districts, Mr. Sola Giwa, on Thursday, led officials to dislodge vehicle owners and street traders obstructing the free flow of traffic in the district. Giwa, speaking during the operation, said the State government has run out of patience with street traders and … Continue reading Lagos CBD dislodge lawless motorists, street traders in Lagos Island business district

Buhari Orders MDAs, Others to Grant Access to FIRS for Tax Collection

President Muhammadu Buhari has mandated ministries, departments, agencies and business enterprises to grant access to the Federal Inland Revenue Service (FIRS) to their systems for the purposes of tax collection nationwide.  President Buhari issued the mandate on Thursday while delivering his address as the Special Guest of Honour at the First Annual National Tax Dialogue organized by the FIRS at the old Banquet Hall, Aso … Continue reading Buhari Orders MDAs, Others to Grant Access to FIRS for Tax Collection

Intels Severs Ties With Atiku Abubakar

Intels Nigeria Ltd., an oil and gas logistics company, on Monday said it had severed ties with former Vice President Atiku Abubakar, who was one of its major shareholders. The company said it severed ties with Abubakar and his family after the former Vice President sold off his shares and exited the company last year. Intels spokesman, Tommaso Ruffinoni, said in a statement that Abubakar, … Continue reading Intels Severs Ties With Atiku Abubakar

SEC seeks SON partnership on commodities trading

The Securities and Exchange Commission (SEC) has requested greater collaboration with the Standards Organisation of Nigeria (SON) to ensure speedy approval and publication of standards relevant to the commodities trading ecosystem This request was made by the Director-General of the SEC, Mr. Lamido Yuguda, during a working visit to the SON Management in Abuja recently. Yuguda said the commission, as part of its implementation of … Continue reading SEC seeks SON partnership on commodities trading

CBN says Nigerian households to enjoy increased access to credit in 2021

The Central Bank of Nigeria (CBN), says Nigerian households will most likely have improved access to credit beginning from the first quarter of 2021. This is according to the Credit Condition Survey Report, released by the Statistics Department of the apex bank. The survey indicated that the increase already occurred in the last quarter of 2020. It stated that changing economic outlook and increased market … Continue reading CBN says Nigerian households to enjoy increased access to credit in 2021

Sanwo-olu opens 34th Lagos International Trade Fair

Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, has disclosed that plans are on the way to have a permanent site for the Premier Trade Fair in Nigeria and the largest International Exhibition in West Africa, the Lagos International Trade Fair. Speaking today through his Deputy Governor, Dr. Kadri Obafemi Hamzat, at the opening of the 34th Edition of the Lagos International Trade Fair at Tafawa … Continue reading Sanwo-olu opens 34th Lagos International Trade Fair

CBN devalues Naira, fixes dollar sale at N392

The Central Bank of Nigeria (CBN) has devalued the Naira by N6 to Dollar. This brings the Naira closer to the exchange rate unification policy recommended by the International Monetary Fund (IMF) and the World Bank. In a weekly update for International Money Transfer Service Operators (IMTOs), Bureau De Change (BDC) Operators and Service Providers were instructed to add N6 across all rates. The circular … Continue reading CBN devalues Naira, fixes dollar sale at N392

Forex Trader Docked in Kano for Alleged N7.6m Fraud

The Kano Zonal Office of the Economic and Financial Crimes Commission today October 16, 2020 arraigned one Abubakar Ibrahim before Justice Lewis A. Allagoa of the Federal High Court, sitting in Kano, Kano State on a five count charge of money laundering. One of the counts read ” That you Abubakar Ibrahim (being the Managing Director of Flexus Global Investment Ltd) while acting in such … Continue reading Forex Trader Docked in Kano for Alleged N7.6m Fraud

Economist, Banker, Albert Okumagba dies at 56

A frontline economist, stockbroker, capital market operator and investment expert, Mr. Albert Okumagba, is dead. Reliable sources in the capital market, where Okumagba was highly respected, confirmed the news of his death. He was said to have died in Abuja, the Federal Capital Territory (FCT). The cause of his death could not be ascertained as at the time of filing this report. The Delta State … Continue reading Economist, Banker, Albert Okumagba dies at 56