Regulations
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...
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FIRS 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...
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CRR: 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...
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Mixed 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...
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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...
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NNPC reshuffles senior managers
The Nigerian National Petroleum Corporation (NNPC) has redeployed some senior officials as part of an ongoing efforts to reposition the...
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‘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...
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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...
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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...
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‘17 banks to restructure over 32,000 loans’
SEVENTEEN Deposit Money Banks (DMBs) have submitted requests to restructure 32,000 loans in their portfolios to the Central Bank of...
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Oil production threatened by non-compliance to COVID-19 protocols
Nigeria’s ability to meet its monthly oil production quota and revenue target may become hampered if rising cases of coronavirus...
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Local savings can help reflate Nigeria’s economy, stakeholders say
The Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, has canvassed the need for the mobilization of local...
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CBN debits banks N126bn to raise currency value
Reuters reported on Friday that the naira had come under intense pressure in recent months during the coronavirus pandemic. A sharp...
Read moreNERC Gives Discos 2021 Deadline to Meter Consumers
The Nigerian Electricity Regulatory Commission (NERC) has given electricity distribution companies (Discos) December 2021 deadline to close the metering gap...
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Marketers vow to comply as FG announces new fuel price
As the federal government on Monday announced a new pump price band for Premium Motor Spirit (petrol) from N125.50/N123.50 per...
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Price crash: NNPC targets $10 oil production cost
The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of...
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LIRS extends deadline for filling annual returns to June 30
Lagos State Government through the Lagos State Internal Revenue Service says it has extended the deadline for filing of annual...
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