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Economy

68 Results / Page 5 of 8

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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 24 3

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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 19 8

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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 12 4

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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 19 1

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Economy

CBN Assures Nigerians Of The Safety Of Their Bank Deposits

By Oluwakemi kindness The Central Bank of Nigeria (CBN) on Tuesday assured Nigerians not to panic as it has put in place policies to ensure that all monies deposited in financial institutions across the country are secured. A statement by the apex bank’s Acting. Director, Corporate Communications, Hakama Sidi-Ali, reassured the public of its unwavering commitment to ensuring the stability and reliability of the Nigerian financial system. This development follows […]

todayOctober 8, 2024 22 2

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Economy

CBN Introduces Electronic System To Enhance Transparency In Forex Market

By Oluwakemi Kindness The Central Bank of Nigeria has announced the introduction of an Electronic Foreign Exchange Matching System aimed at transforming the country’s foreign exchange market. The new system is set to be operational in the Nigerian Foreign Exchange Market by 1 December 2024, following a two-week test run scheduled from November. The EFEMS is expected to reshape how foreign exchange transactions are conducted in the interbank market by […]

todayOctober 4, 2024 24 3

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Economy

FG Introduces New Fiscal Incentives To Boost Oil & Gas Sector

By Oluwakemi Kindness In its avowed determination towards ensuring a boost in the nation’s upstream and downstream sector, the Federal Government has introduced groundbreaking concessions aimed at revitalizing the industry. This is just as the Minister of Finance and Coordinating Minister of the Economy, Wale Edun on Wednesday unveiled two major fiscal incentives aimed at revitalizing Nigeria's oil and gas sector: They include Value Added Tax (VAT) Modification Order 2024 […]

todayOctober 3, 2024 17 3

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Economy

Federal Government Assures Stakeholders Of Collaboration To Drive Economic Growth

By Oluwakemi Kindness The Federal Government has assured that it will continue to collaborate with relevant stakeholders with a view to implementing policies, programmes, and projects that will reinvigorate the nation’s economy. The Permanent Secretary Federal Ministry of Finance, Lydia Shehu Jafiya, gave the assurance in her office in Abuja during a sensitization programme on the forth-coming implementation of Quarterly Citizens and Stakeholders Engagement. She stated that the gathering provides […]

todaySeptember 20, 2024 18 6

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Economy

FG To Audit, Enforce Statutory Insurance Of All PPP Assets – ICRC

By Oluwakemi kindness The Federal Government says it would conduct an audit of all Public Private Partnership projects to ascertain their performance as well as ensure that all the projects are insured as statutorily stipulated in the Infrastructure Concession Regulatory Commission Establishment Act, 2005. Director General, Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Oseodion Ewalefoh disclosed this when he paid his first official courtesy visit to the Minister of Interior, […]

todaySeptember 18, 2024 10 1

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