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
MoreThe 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,
MoreThe 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
MoreThe 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
MoreThe 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
MoreZainab 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
MoreThe 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
MoreThe 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
MoreThe 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
MoreThe 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
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