Nigeria’s debt profile rises uncontrollably – DMO
Nigeria’s total debt profile as of December 31, 2018, now stands at N24.387tn. The figure swelled by 12.25 per cent from N21.725tn in 2017 to N24.39tn in 2018. The debt…
Recent NIBSS Data findings reveals the rise in failed POS Transactions in Nigeria!
Data from the Nigeria Inter-Bank Settlement System (NIBSS) shows that POS transactions have fallen since the start of 2019. 2018 was a very vibrant year for POS transactions. According to…
FG SETS TO INCREASE VAT FROM 5 – 7.5%, SETS UP C’TTEE ON NEW MINIMUM WAGE!
Plans are underway by the Federal Government to increase Value Added Tax, VAT, by up to 50 per cent (from current 5 per cent to 7.5 per cent), a move…
MTN Nigeria Hits N1 Trillion Revenue Landmark, Launches Smart Feature Phone
Despite its tussle with CBN, leading Nigerian telco, MTN Nigeria, ended its 2018 on a high note. Figures from its 2018 full year investor presentation shows that the company made…
Tax evasion: FIRS appoints Sterling Bank as recovery agent
The Federal Inland Revenue Service has appointed Sterling Bank Plc as a collecting agent to recover taxes from 2,933 defaulting companies. This was disclosed in a letter signed by the…
Nigeria Stock Exchange Shows Positive Signs this February
For the first in several weeks, equity transactions on the trading floor of the Nigerian Stock Exchange (NSE) reopened in an upbeat yesterday, with investors repositioning in fundamentally sound stocks,…
#Bitcoin: Are Nigerian investors feeling safe with Crypto-currency?
Despite contrary indications from the Central Bank of Nigeria, it appears that the new payment technology, cryptocurrency, has gained significant traction in the past year. This may indicate a strategic…
“All recovered assets must be judiciously utilised” – ANEEJ Boss
Executive Director, African Network for Environment and Economic Justice (ANEEJ), Reverend David Ugolor has retriated the commitment of ANEEJ as a civil society organisation under his watch to track and…
Forex: CBN pumps $210m into Inter-Bank Market!
In continuation of its periodic intervention in the foreign exchange market, the Central Bank of Nigeria (CBN) on Tuesday injected another sum of $210 million into the inter-bank foreign exchange…
MTN Nigeria to be listed on the Nigerian Stock Exchange this Year!
The Chief Executive Officer of MTN Group, Rob Shuter has disclosed that its Nigerian subsidiary, MTN Nigeria will be listed on the Nigeria Stock Exchange (NSE) before the end of…