Category Business

FG suspends tax on rice, maize, other staples

By Matthew Denis The Nigerian Federal Government has declared a 150-day suspension of duties, tariffs, and taxes on several essential food items imported through both land and sea borders. This policy change was revealed by Abubakar Kyari, the Minister of…

Nigeria’s FX reserves increases to $34.7bn

By Esther Agbo Nigeria’s foreign exchange reserves have climbed to $34.7 billion, as per data from the Central Bank of Nigeria’s website on Sunday. This marks a $110 million increase from the previous day’s figure of $34.5 billion. Over the…

SEC revamped e-Dividend mandate management system

By Matthew Denis The Securities and Exchange Commission (“the Commission”) has launched the revamped e-Dividend Mandate Management System (e-DMMS) Portal! Investors whose shareholding accounts appear on the list of non-mandated accounts hosted on the Commission’s website (www.sec.gov.ng/non-mandated) are advised to…