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Economy

55 Results / Page 3 of 7

Economy

Banks, Others Raised Over N2.7tn From Capital Market, Says SEC

By Oluwakemi Kindness The Securities and Exchange Commission on Monday, revealed that over two point seven trillion naira has been raised in the capital market by banks and other companies so far in 2024 The figure, which includes equity capital, excludes the amount raised by funds managers in the capital market. This is as the Commission revealed that out of the two point seven trillion naira, about one point seven […]

todayNovember 25, 2024 13 2

Economy

Senate Confirms Omolola Oloworaran as DG PenCom

By Oluwakemi Kindness The Senate has confirmed the appointment of Ms Omolola Oloworaran as the Director General of the National Pension Commission (PENCOM). The confirmation on Thursday followed the consideration and adoption of the Report of the Senate Committee on Establishment and Public Service at plenary. It would be recalled that President Bola Ahmed Tinubu had earlier requested the Senate to confirm the appointment. Omolola Oloworaran was appointed Director General, […]

todayNovember 21, 2024 20 5

Economy

NNPCL Refutes Claims of Selling Adulterated Products

  By Oluwakemi Kindness The Nigerian National Petroleum Company Limited (NNPC Ltd) on Thursday insisted that it does not deal with adulterated petrol. This is as the NNPCL discredited a video clip of someone pouring a dark liquid which he claims to be Premium Motor Spirit (PMS) purportedly bought from an NNPC Retail outlet at Keffi Flyover. NNPCL Chief Corporate Communications Officer, Olufemi Soneye, who stated this in a statement, […]

todayNovember 7, 2024 13 9

Economy

Kogi State Government Set to Establish Special Economic Zone

By Chinedu Echianu The Kogi State Government says it has commenced processes leading to the establishment of a special economic zone with the status of a free trade zone to be located in the Ajaokuta economic development corridor in the state. According to a statement by Ismaila Isah, Special Adviser on Media to the Kogi State Governor Ahmed Usman, the Governor stated this while on a working visit to the […]

todayNovember 6, 2024 13

Economy

Customs Facilitates First Shipment from Nigeria to Kenya Under AfCFTA

By Oluwakemi Kindness The Nigeria Customs Service (NCS) on Sunday said it has facilitated Nigeria's first shipment to Kenya, with Lucky Fibres, a subsidiary of the Tolaram Group, becoming one of the first companies to ship goods to Kenya under the African Continental Free Trade Area Agreement (AfCFTA). During a visit to the Apapa Area Command last Wednesday, to ensure proper documentation and verification of the shipment, Senior Trade Expert […]

todayNovember 4, 2024 7 3

Economy

Revenue: Tax Reform Bills to Harmonise Scattered Laws say FIRS Chairman

  By Oluwakemi Kindness The Chairman, Federal Inland Revenue Service, FIRS, Zack Adedeji, on Wednesday told the House of Representatives that the tax reform bills aims to harmonise all the tax laws in Nigeria. Speaking before the House Committee on Finance, he said the four tax reform bills recently presented by the President to the National Assembly is not aimed at increasing tax or introducing new taxes into the nation's […]

todayOctober 17, 2024 22 3

Economy

CBN Governor Says Recapitalisation Policy Has Strengthened Banks

By Oluwakemi Kindness The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says the Bank's recapitalization policy, is expected to support the realisation of 1 trillion dollars economy by 2030. This was as he said the Bank's recapitalization policy has prompted banks to strengthen their financial positions, a process expected to result in a more robust and resilient banking sector by March 2026. Cardoso who stated this during […]

todayOctober 17, 2024 18 8

Economy

FIRS Launches USSD Code For Tax payment

By Oluwakemi Kindness  In a bid to enhance ease of doing business, the Federal Inland Revenue Service (FIRS), on Wednesday, launched an Unstructured Supplementary Service Data (USSD) Code *829# specifically targeted at improving taxpayers’ satisfaction. FIRS chairman, Zacch Adedeji, launched the code in Abuja as part of activities making this year’s Customer Service Week which has the theme Above and Beyond. The initiative makes Nigeria the sixth African country to […]

todayOctober 10, 2024 9 4

Economy

CBN Governor Champions We-Fi Code Declaration for Women Entrepreneurs

By Oluwakemi Kindness  The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has urged stakeholders in the financial ecosystem to adopt the Women entrepreneurs Finance (We-Fi) Code as part of a collective drive to enhance the financial inclusion of women entrepreneurs across Nigeria. Cardoso stated this at the landmark event of Nigeria’s public declaration of commitment to the We-Fi Code, held at the CBN Head Office on Wednesday. […]

todayOctober 10, 2024 14 1

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