AdminForex ban: Identities of defaulters’ll be REVEALED, banks alert customers
The identities of defaulters who circumvent the Central Bank of Nigeria’s policy on Foreign Exchange will be published, banks have notified their customers. UGAMATV had reported that CBN recently directed all…
Desperation as FIRS writes National Assembly, seeks exclusive power on VAT
The Federal Inland Revenue Service, in a desperate bid to retain the collection of the Value Added Tax, has written the National Assembly, seeking the inclusion of VAT collection in…
I don’t care if heaven falls-Wike warns oil companies Says Rivers VAT not for Abuja people
Rivers State Governor, Nyesom Wike, on Wednesday, insisted on going on with his move to stop the Federal Government from collecting Value Added Tax from the oil-rich South-South state. Wike,…
Bitcoin, others pose danger to global economy -EFCC boss
The Chairman, Economic and Financial Crimes Commission, Abdulrasheed Bawa, has said Bitcoin and other cryptocurrencies portend huge risks to the world economy. According to him, many criminals now play significant…
ENERGY FIRMS, OIL owe banks N6.14trn –CBN
The debts owed to Nigerian banks by oil and gas operators as well as power companies have risen above N6 trillion, the latest data obtained from the Central Bank of Nigeria…
Glo beats others to achieve customer growth in July –Industry report
Nigeria’s digital solutions provider, Globacom, led the growth of the industry in the month of July, 2021, after it added over a million new customers to its customer base. Latest published…
Tochukwu Chukwu
- Business , News
- September 3, 2021
- 153 views
Increasing spending: FG’s three-year deficit hits N15.4tn amid revenue crisis
Within a three-year period covering July 2018 to June 2021, the Federal Government recorded a fiscal deficit of N15.35tn, statistics obtained from the Budget Office of the Federation have shown.…
- Business , News
- September 3, 2021
- 137 views
Naira sinks to An all-time low of 530 against dollar, pound hits N720
The naira plunged to a fresh record low against the dollar, the British pound sterling and euro on Thursday amid the lingering scarcity of foreign exchange in Nigeria. The value…
NDDC got N6trn in eight years, maintains 362 bank accounts without proper reconciliation -FG
The Federal Government on Thursday said it was concerned that over 13,777 projects being handled by the Niger Delta Development Commission have their execution “substantially compromised.” It also said that…
UgamatvCBN states transfer limits as E-Naira begins Oct 1
The Central Bank of Nigeria has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical Partner for its digital currency, eNaira. Mr Osita Nwanisobi, Director,…
