The exchange rate between Naira and other major currencies dropped significantly on Thursday as the naira sold high as N575/$1 at the parallel market. Naira depreciated against the US dollar from N570 to a dollar on Wednesday to trade at…
The Managing Director/Chief Executive Officer of Sterling Bank Nigeria PLC, Mr. Abubakar Suleiman hosted the management team of the Lagos State Security Trust Fund (LSSTF) led by the Executive Secretary/CEO, Dr. Abdurrazaq Balogun at the Bank’s Head Office in Lagos.…
Ondo State Internal Revenue Service (ODIRS) on Thursday said that it generated N30.8 billion in the year 2021. The Executive Chairman of the Service, Mr Tolu Adegbie, stated this in Akure on Thursday when students of Tax Club under Private…
…Expects FG’s debt to grow to N70.85 trillion in 2022 The Federal Government’s gross debt interest payments (percent of FGN revenue) is projected to grow by 92% in 2022 from 85.5% in 2021. This is according to a report titled…
By Seun Ibiyemi Wema Bank, on Wednesday, said it had employed 69 new graduates who recently completed the company’s Bankers-in-Training Scheme. Wema Bank, in a statement, said this was a demonstration of its unalloyed support for the growth and advancement…
The Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) has announced that it registered three million Micro, Small and Medium Enterprises (MSMEs) under its mass registration Programme. This was disclosed by its Director-General, Dr Dikko Radda, at the 27th…
…FG needs to tackle insecurity, reduce fiscal policy deposit monetisation — CPPE By Seun Ibiyemi Nigeria’s inflation rate dropped marginally to 15.6% in January 2022, representing a reversal from the uptick recorded in the previous month, when it increased to…
The Securities and Exchange Commission (SEC) says it is engaging with the National Orientation Agency (NOA) as well as regulators of public agencies to curb activities of ponzi scheme operators. A statement by the management of SEC, said the Director…
The Nigerian naira has weakened to N577 per dollar at the parallel section of the foreign exchange market. This represents N5 or 0.9 percent depreciation compared to the N572 it traded last week. Street traders at the black market in…
The race to US$200billion in foreign exchange repatriation (RT200 FX Programme) needs the right policies and other mechanisms to achieve desired results, Dr Chinyere Almona, Director-General (LCCI) has said. Almona said this in a statement issued to newsmen on Monday…
