PBA Reporter, Author at Prime Business Africa

CBN Owes Goldman Sachs, JP Morgan $7.5bn, Releases Financials Amid Probe

CBN Releases Guidelines On Bank Neutral Cash Hubs

The Central Bank of Nigeria (CBN) has released guidelines for setting up Bank Neutral Cash Hubs (BNCHs). The CBN, in a statement, noted that the BNCHs are being initiated in furtherance of

PBA Reporter

June 2, 2022

Business

FIRS Moves After States Over Failure To Remit Tax Deductions

The Federal Inland Revenue Service (FIRS) disclosed its readiness to begin process of enforcement and recovery of unremitted tax deductions owed by some states and local governments. The FIRS, in a statement on Wednesday,

PBA Reporter

June 1, 2022

Business

CBN Retains 5% Interest Rate For Power Sector, Others

The Central Bank of Nigeria (CBN) has agreed to leave interest rates at five per cent per annum for critical sectors and manufacturing industries until March 2023. Prime Business Africa learnt that

PBA Reporter

June 1, 2022

Business

Debt Servicing May Gulp 100% Of FG’s Revenue By 2026 – IMF

The International Monetary Fund has disclosed that debt servicing may gulp 100 per cent of the Federal Government’s revenue by 2026 if the government fails to implement adequate measures to improve revenue

PBA Reporter

May 31, 2022

Business

Cabals Benefitting From Petrol Imports Frustrating Local Refineries – IPMAN

The National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria, Chief Ukadike Chinedu, has disclosed the cause of forex scarcity in the country. Chinedu who made this known in an interview

PBA Reporter

May 30, 2022

Business·Oil & Gas

Nigeria’s Oil Production Not Enough To Cover Petrol Import Costs – Finance Minister

Zainab Ahmed, minister of finance, budget and national planning, has disclosed that the country’s low oil production cannot cover the cost of imported petrol from its oil and gas revenue. Ahmed made

PBA Reporter

May 29, 2022

Business

Manufacturing Trade Deficit Hits N2.6tn Despite Forex Shortage

The value of the manufactured goods trade deficit, according to data from the National Bureau of Statistics, hit N2.6tn in the fourth quarter of 2021. The NBS, its ‘Foreign Trade in Goods

PBA Reporter

May 28, 2022

Business

FIRS Demands Tax Compliance Approval For Holding Political Offices

The Federal Inland Revenue Service (FIRS) has asked that tax compliance should be a prerequisite for clearing aspirants to contest elective positions. Muhammad Nami, executive chairman, FIRS and chairman, Joint Tax Board (JTB) made

PBA Reporter

May 27, 2022

Business

Company Income Tax Increased By 53% To N532.5bn In Q1 2022 – NBS

The National Bureau of Statistics (NBS) has disclosed that Nigeria generated N532.48 billion from company income tax (CIT) in the first quarter (Q1) of 2022. The NBS disclosed this in its recent company income tax

PBA Reporter

May 27, 2022

CBN Denies Discriminating Against People With Physical Disabilities Seeking Job

Business

MAN, LCCI React As CBN Raises Lending Rate To 13%

The Manufacturers Association of Nigeria, the Lagos Chamber of Commerce and Industry, and the Nigerian-American Chamber of Commerce, have reacted to the hiking of the monetary policy rate by the Central Bank

PBA Reporter

May 26, 2022

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PBA Reporter

CBN Releases Guidelines On Bank Neutral Cash Hubs

FIRS Moves After States Over Failure To Remit Tax Deductions

CBN Retains 5% Interest Rate For Power Sector, Others

Debt Servicing May Gulp 100% Of FG’s Revenue By 2026 – IMF

Cabals Benefitting From Petrol Imports Frustrating Local Refineries – IPMAN

Nigeria’s Oil Production Not Enough To Cover Petrol Import Costs – Finance Minister

Manufacturing Trade Deficit Hits N2.6tn Despite Forex Shortage

FIRS Demands Tax Compliance Approval For Holding Political Offices

Company Income Tax Increased By 53% To N532.5bn In Q1 2022 – NBS

MAN, LCCI React As CBN Raises Lending Rate To 13%

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