Regulations
CBN drops savings account interest rate to 1.25%
The Central Bank has ordered all Deposit Money Banks to review interest rates on savings accounts to a minimum of...
Read more
Vehicle Importation: FG Urged to Review Customs’ Valuation Method
Customs agents in the country have called on the federal government to urgently review the valuation method on imported vehicles...
Read more
CBN to restart weekly dollar sales to BDCs
In a move to strengthen the naira, the Central Bank of Nigeria (CBN) plans to resume dollar sales to Bureau...
Read more
In Major Coup, CBN Blocks Over-invoicing, FX Overpricing
• Introduces product price verification mechanism • Elumelu praises measures In a major policy coup, the Central Bank of Nigeria...
Read more
CBN Revamps Economic Report Format
The Central Bank of Nigeria (CBN) has enhanced the reporting format and presentation of its periodic economic reports. The latest...
Read more
NAICOM releases fresh guidelines for insurance recapitalization
The National Insurance Commission (NAICOM), has released fresh guidelines for the payment of minimum paid-up share capital by insurance and reinsurance...
Read more
Tax Regulators, Property Consultants Disagree on Multiple Charges in Real Estate Sector
Property consultants and experts in taxation in the private sector believe the real estate sector in Nigeria is bogged down...
Read more
CBN’s stress test clears banks
Banks are strong enough to withstand the COVID-19 pandemic impact, the Central Bank of Nigeria (CBN) stress test has revealed....
Read more
Buhari Signs Companies and Allied Matters Bill
President Muhammadu Buhari yesterday in Abuja signed the Companies and Allied Matters Bill, 2020 passed by the National Assembly into...
Read more
PenCom to review Pension Reform Act 2014
The National Pension Commission has initiated a process to review the Pension Reform Act 2014. It said this in a...
Read more
NCC stops telecoms from charging for money transfer via USSD
The Nigerian Communications Commission has stopped Mobile Network Operators from charging the consumers directly for the use of Unstructured Supplementary...
Read moreFIRS extends returns filing deadline by 7 days
The Federal Inland Revenue Service (FIRS) has extended the deadline for filing of returns in a number of tax categories...
Read moreCRR: CBN holds N900b customers’ deposits with banks
THE Central Bank of Nigeria (CBN) has been holding on to N900 billion of lenders’ deposits as Cash Reserve Ration...
Read more
Buhari Appoints Two Deputy Commissioners for NAICOM
President Muhammadu Buhari, has approved the appointment of Alhaji Sabiu Abubakar and Mr Oba Oluniyi as Deputy Commissioners for Insurance,...
Read more
CAC adopts electronic distribution of company certificates
As from August 10, 2020, the Corporate Affairs Commission will commence full implementation of an electronic system for company...
Read more
New 6% stamp duty charge would be a burden on tenants, surveyors warn
The Nigeria Institution of Estate Surveyors and Valuers (NIESV) has warned that the six per cent stamp duty charge on tenancy and...
Read more
Tenants now to pay six per cent stamp duty, says FIRS
THE Federal Inland Revenue Service (FIRS) has directed landlords and property agents to charge six percent Stamp Duty on all...
Read more
NERC commences consultations on unbundling of TCN
The Nigerian Electricity Regulatory Commission (NERC ) at the weekend began consultation for the unbundling of the Transmission Company of...
Read moreMixed reactions as CBN moves to unify exchange rate
With moves by the monetary authorities to unify the Naira foreign exchange (forex) rates gaining traction, economic analysts believe that...
Read moreCBN debits banks N122bn, moves to unify exchange rates
The Central Bank of Nigeria debited N122bn ($338m) from banks’ excess cash with the apex bank before weakening the currency...
Read more
NIA generates N196 million from NIID data upload
The Nigerian Insurers Association (NIA), said it generated about N196 million from data upload on the Nigerian Insurance Industry Database...
Read more
NNPC reshuffles senior managers
The Nigerian National Petroleum Corporation (NNPC) has redeployed some senior officials as part of an ongoing efforts to reposition the...
Read more
‘W/Bank appoints two Vice Presidents for African region’
The World Bank’s Sub-Saharan Africa Regional portfolio will now be managed by two vice presidents covering Western and Central and...
Read more
EU opens borders to 15 countries, excludes Nigeria, others
The Council of the European Union has opened its borders to 15 countries, excluding Nigeria. According to information gathered...
Read more
FG may force DSTV to charge per view
The Federal Government has disclosed plans to force the Digital Satellite Television, owned by MultiChoice, a South Africa-based cable service...
Read more
Powered by Agusto & Co.