Truth Is Treasure
By Tony Obiecina and Mathew Dadiya, Abuja The Bureau of Public Enterprises (BPE) said it has so far contributed N135bn out of the N220bn it is expected to generate for the 2019 fiscal budget. The Director General of the agency, Mr. Alex Okoh disclosed this at an interactive forum with the
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The Securities and Exchange Commission (SEC), has said that the commission is working on a framework to regulate the use of crowdfunding by small businesses to raise capital. This was stated by Acting Director General of the SEC, Ms. Mary Uduk in an interview with journalists, on the sidelines of
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By Tony Obiechina, Abuja The Central Bank of Nigeria (CBN) has opposed plans by MTN to charge their subscribers for Unstructured Supplementary Service Data (USSD) access to banking services from October, 2019. The CBN Governor, Mr Godwin Emefiele, said the bank’s position at a news briefing by the Nigerian delegation to the
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By Tony Obiechina, Abuja The Federal Inland Revenue Service (FIRS) has established a tax office, dedicated solely to the administration of taxes for Non-Resident Persons.A statement by FIRS Head, Communication & Servicom Dept, Wahab Gbadamosi said the Executive Chairman, Tunde Fowler has already signed a Public Notice to that effect.The
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The African Development Bank (AfDB) on Friday, inaugurated its public information centre in Abuja to provide structured access to the bank’s operations in Nigeria and across Africa. The centre is named “Leopold Senghor Public Information Centre of the Nigeria Country Department, African Development Bank’’.Inaugurating the centre, Mr Ebrima Faal,
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The Central Bank of Nigeria (CBN) has injected 325.5million dollars in the retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short tenored forwards segment of the inter-bank foreign market. The bank’s Director, Corporate Communications, Mr Isaac Okorafor made this known in a statement
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By Tony Obiechina, Abuja The Nigeria Deposit Insurance Corporation (NDIC) said it has so far paid a cumulative sum of over N10 billion as insured amount to over 527,283 depositors of deposit money banks (DMBs), micro finance banks (MFBs) and Primary Mortgage Banks (PMBs).Giving a break down of the figures
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By Tony Obiechina, Abuja The Federation Account Allocation Committee (FAAC) yesterdayshared a total of N693.529billion to the three tiers of Government for the month of September 2019. The N693.529 billion comprised revenue from Value Added Tax(VAT), Exchange Gain and Gross Statutory Revenue. The Committee which was chaired by
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By Tony Obiechina, Abuja The National Council on Privatisation (NCP) has approved Transcorp Power Consortium as the preferred bidder for the Afam Electricity Generation Company (Afam Power Plc and Afam Three Fast Power Limited) with a bid price of N105.3bn (about US$343.6m) and Diamond Stripes Consortium as the reserve bidder
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By Mathew Dadiya, Abuja The Federal Government Wednesday okayed N5.4 billion contracts for Ministry of Petroleum, Aviation and Transportation for the construction of Oil and Gas parks, indoor shooting range and the purchase of 300 buoys for Nigerian waterways. The Minister of State for Petroleum, Timipre Sylva, Minister of Aviation, Hadi
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