Regulations
NSE launches index for SMEs, relaxes listing requirements
The Nigerian Stock Exchange has launched a new index called the ‘Growth Board’ for the Small and Medium Enterprises. The...
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‘75% Dealers Trade on Devices Not Approved by NCC’
Facts have emerged that unlicensed dealers estimated to reach 75 per cent are currently trading on devices that are not...
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FG mulls 125% import tariff on ‘Tokunbo’ vehicles
The Director of Policy and Planning at the National Automotive Design and Development Council, Engr. Farouk Umar, made this disclosure...
Read moreNCC slams N2.9b fine on telcos over infractions
REGULATOR of the telecoms sector, the Nigerian Communications Commission (NCC), has slammed a fine of N2.9billion on all the major...
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‘N2tn pension fund for infrastructure’ll come via bonds’
The N2tn proposed to be raised from the Contributory Pensions Fund for investment in infrastructure development will be through bonds,...
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7.5% VAT implementation begins February 1
The Federal Government will from Saturday (February 1) begin the implementation of 7.5 per cent Value Added Tax espoused by...
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PenCom to Enforce Group Life Insurance Law
The National Pension Commission (PenCom) has ordered all employers of labour covered by the Pension Reform Act 2014, to submit...
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7.5% VAT: Business groups raise concern over unmoved stock, growth
Speaking exclusively to Daily Trust yesterday, the Vice President of the Abuja Chamber of Commerce and Industry (ACCI) in charge...
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Shipping sector needs $1 trillion to decarbonize by 2050, says report
About $1trillion of capital investment in land-based and ship-related infrastructure is required to halve international shipping’s greenhouse gas emissions by...
Read morePenCom orders PFAs to raise retirees’ pensions
The National Pension Commission has directed the Pension Fund Administrators to implement pension enhancement for retirees on programmed withdrawal under...
Read moreNSE CEO to Review Market Performance, Unveil Plans for 2020
The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema will on Monday lead other members of...
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Foreign reserves drop to two-year low at $39.84b
The foreign exchange reserves have hit two-year low at $39.84 billion, an Economic Report by Financial Derivatives Company Limited, has...
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Stock investors gain N720bn in eight days
Equity investors have counted gains totalling N720bn as the stock market extended its gaining streak to the eighth consecutive day....
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Nigerian Stock Exchange delists AG Leventis
The Nigerian Stock Exchange (NSE) Tuesday delisted AG Leventis (Nigeria) Plc, closing more than four decades of public listing at...
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NSE grants delisting approval to Continental Reinsurance
The Nigerian Stock Exchange says it has granted Continental Reinsurance approval to delist. The NSE said in its Listings Report...
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NAICOM to digitalise all insurance operations in 2020
The portal is also expected to not only digitalise all NAICOM operations but will also require that all industry operators...
Read moreWe saved N700bn through TSA, whistle-blowers, reforms – FG
Through the implementation of various public sector financial management reforms, over N700bn had been saved by the Federal Government. In...
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AMCON: Banks need to study airline business before lending
The increasing number of bad loans recorded by banks in the aviation sector has been attributed to poor understanding of...
Read moreMerchants defy CBN’s directive on N50 PoS charge
Despite the directive of the Central Bank of Nigeria to merchants to stop the deduction of additional N50 on Point...
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‘Potential cuts by OPEC to keep oil price above budget benchmark’
Though observers see the price of international oil benchmark Brent crude at anywhere between $59 to $70 per barrel for...
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Insurance recapitalisation to cost N77b
The ongoing recapitalisation in the insurance industry will cost insurers about N77 billion, The Nation has learnt. Top industry...
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Report: Banks took N319b CBN loan for liquidity control
Commercial banks and merchant banks have accessed N319.28 billion loan from the Central Bank of Nigeria (CBN) to control their...
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FIRS issues 7 days ultimatum to tax defaulters
The Federal Inland Revenue Service (FIRS) has issued a seven-day notice to tax defaulters, with a warning that it will...
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LIRS Introduces e-Tax Platform
The Lagos State Revenue Service (LIRS) has introduced an e-platform portal to make the process of tax payment easier and...
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Total pension assets rise to N9.8tn
The total assets under the Contributory Pension Scheme rose to N9.81tn as of the end of October, the National Pension...
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