Regulations
NSE seeks increased liquidity in fixed income securities
The Nigerian Stock Exchange (NSE) has reiterated its commitment to providing a hybrid market for dealers as well as institutional...
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CBN goes tough on breach of export laws
The Central Bank of Nigeria has said that it will be a breach of extant regulations for any shipping company...
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Recapitalisation: NAICOM Reads Riot Act to Operators over Outstanding Claims
The National Insurance Commission (NAICOM) has said it will not endorse the recapitalisation plan of any firm that doesn’t clear...
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Agusto & Co. assigns a ‘Bbb’ rating to WAPIC Insurance Plc
Agusto & Co. assigns a ‘Bbb’ rating to WAPIC Insurance Plc, with a stable outlook. This rating expires 30 June...
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FG increases efforts to grow insurance premium to N1 trillion
Nigeria’s insururance industry is going through a transformation with the National Insurance Commission (NAICOM), and major players strategizing to take...
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CBN Moves against Banks, Gaming Companies over Unauthorised FX Transfers
•Places over 38 firms on PND •To penalise management of banks •Increases target credit facility to N100bn The Central...
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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...
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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...
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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...
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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...
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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 moreNAICOM 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...
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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...
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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....
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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...
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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...
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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...
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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,...
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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...
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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...
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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...
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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...
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