By Seun Ibiyemi The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday announced a retention of the country’s Monetary Policy Rate (MPR) at 11.5 per cent. At the end of the first MPC meeting in…
By Seun Ibiyemi The African Export-Import Bank (Afreximbank) says it will put up a financial mechanism to ensure completion of Nigeria’s Digital Switch Over (DSO) project before end of the year. The DSO is the process of transiting from analogue…
By Seun Ibiyemi The Federal Inland Revenue Service (FIRS) has disclosed that at least N1.7trillion collectable tax revenue is currently unrealisable because of the dispute between the service and various taxpayers. Chairman of FIRS, Mohammed Nami, who disclosed this at…
By Seun Ibiyemi First Bank Nigeria Ltd. in collaboration with Rotary Club of Lagos has donated four blocks of renovated classrooms, library and borehole to Lafiaji Senior High School, Lagos, to enhance learning and sanitation. Mr Babawale Agbeyangi, president, Rotary…
As the first Monetary policy committee (MPC) meeting of the Central Bank of Nigeria (CBN) commenced on Monday, a financial expert, Mr Okechukwu Unegbu, called for a paradigm shift in its decisions to reflect present economic realities. Unegbu, a past…
Lagos Chamber of Commerce and Industry (LCCI) has said that the proposed e-invoicing initiative of Central Bank of Nigeria (CBN) will facilitate trade transactions, boost revenue and reduce processing time for import-export forms. Director-General of LCCI, Dr Chinyere Almona, stated…
The Small and Medium Development Agency of Nigeria (SMEDAN), on Monday began a digital skills training programme for 3,700 Micro Small and Medium Enterprises (MSMEs) operators to enhance entrepreneurial skills. Dr Dikko Radda, the Director-General of SMEDAN, who declared the…
The Central Bank of Nigeria (CBN) says it will begin e-invoice for imports and exports in the country from Feb. 1, 2022. The apex bank made the disclosure in a circular to all authorised dealers and the general public, and…
The Vice-President, Prof. Yemi Osinbajo, has said the Federal Government will review the current foreign exchange policy in a bid to stimulate private sector investment. Osinbajo disclosed during the weekend at the virtual edition of the 2022 World Economic Forum.…
The market capitalization of the top five banks referred to as the tier-1 banks, appreciated by 1.32% to close at N2.63 trillion as at close of business, 21st of January, 2022, as investors in these banks gained a total of…
