By Idris Bakare The World Bank has asked the Central Bank to reconsider its RT-200 Programme despite its good intentions. According to the global bank, this policy has created an additional foreign exchange window further worsening the nation’s FX problems.…
By Idris Bakare Against the backdrop of the recent restrictive measures of the Central Bank of Nigeria (CBN), Stransact, Nigeria’s correspondent firm for the sixth largest international accounting firm, RSM, has cautioned against excessive regulation of the volume of cash…
By Idris Bakare The pioneer District Chairman of the Chartered Institute of Taxation of Nigeria (CITN),Mowe/Arepo & District Society, Akin Akindele, says tax revenue is vital to the survival of Nigeria, saying proceeds of tax revenue are needed for growth…
By Ismail Azeez, Osogbo As part of the efforts to clean up the solid mineral sector in Osun State, Governor Ademola Adeleke, has ordered the immediate disbandment of the state’s Mining Joint Taskforce (JTF). The Governor in statement signed by his…
The Senate has urged the Central Bank of Nigeria (CBN) to urgently extend the withdrawal date of old currency notes from Jan. 31, 2023 to June 31. The upper chamber’s resolution was sequel to a point of order raised by…
The International Monetary Fund has warned Nigeria and other oil-producing countries in Sub-Saharan Africa to expect dwindling oil revenues in the coming years as the world transitions from fossil fuels to cleaner energy. In a new report titled “Savings from…
The Federal Government has initiated plans to introduce O.5 per cent levy on imported goods to raise funds to meet its obligations to the African Development Bank, the World Bank and other multilateral organisations. This is contained in a document…
Flutterwave’s CEO, Olugbenga ‘GB’ Agboola, has said, “The three major pillars that can help Africans effectively leverage digital transformation for inclusive and sustainable development are payment, commerce and logistics. These pillars support the cross-border movement of money, people, goods and…
FMDQ Securities Exchange Limited has announced the admission of Rand Merchant Bank Nigeria Limited‘s N0.55 billion Series 3 and N1.81 billion Series 4 commercial papers (CP) under its N80.00 billion CP programme. A statement by the FMDQ, revealed that the…
The Naira on Friday exchanged at 456.50 to the dollar at the Investors and Exporters window. The figure represented a decrease of 0.05 per cent, compared with N456.25 it exchanged on Thursday. The open indicative rate closed at N451.38 to…
