EFCC Halts Dollar Transactions, asks Embassies To Charge in Naira
The Economic and Financial Crimes Commission has read the Riot Act to foreign missions based in Nigeria, banning them from transacting in foreign currencies,...
More Woes For Nigerians As Tax Committee Recommends VAT Hike
A revision to the Value Added Tax (VAT) has been suggested by the Presidential Committee on Fiscal Policy and Tax Reforms.
In addition, committee chairman Taiwo Oyedele proposed that the methodology for VAT revenue-sharing be examined.
He spoke at a policy exposure and impact assessment session organised by the committee.Oyedele however allayed fears over the impending review, saying it...
CBN Orders Registration of 1.9 million POS Operators
According to information obtained by GTN, Point of Sale companies have been given a two-month deadline by the Federal Government's Corporate Affairs Commission to...
SERAP Gives Tinubu 48 Hours To Withdraw CBN Directive On Cybersecurity Levy
In an urgent Appeal to President Bola Tinubu, the Socio-Economic Rights and Accountability Project (SERAP) has urged the president to use his “good offices”...
Nigeria Joins Afreximbank’s FEDA To Strengthen African Export Dev’t
In an effort to boost African export development, Nigeria has officially become a member of the Fund for Export Development in Africa (FEDA). This...
Govt’s Huge Purchases For Palliatives, Major Contributor to Food Inflation – Cardoso
Olayemi Cardoso, governor of the Central Bank of Nigeria, has identified the government's large purchases of food as a contributor to the country's galloping...
N200bn debt: IPMAN threatens closure of 30,000 filling stations
Oil dealers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday, declared that it would shut down the 30,000 stations...
Petrol hits N800 as 240 million-litre vessels arrive
In an effort to combat the growing nationwide petrol shortage, the Nigerian National Petroleum Company Limited started dumping 240 million litres of Premium Motor...
CBN Stops Opay, Moniepoint, Others From Onboarding New Customers
The Central Bank of Nigeria (CBN) has stopped mobile money operators including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint from onboarding new...
Finance ministry recovered N57bn MDAs’ debts – Director
THE Federal Ministry of Finance has recovered over N57bn from the N5.2tn debts owed by ministries, departments and agencies to the Federal Government.
The Director,...
