VISITs to include MDAs, NGOs, other corporate bodies… The Federal Inland Revenue Service (FIRS) has stated that it would embark on a nationwide Value Added Tax (VAT) and Withholding Tax (WHT) compliance exercise from July, 2022. This information is contained in a public notice announcing the compliance monitoring exercise, and …
Read More »
Femi Falana, human rights advocate and senior lawyer, is seeking the disclosure of measures put in place by the Central Bank of Nigeria (CBN) to stop the dollarisation of the Nigeria’s economy. This is as the lawyer bemoaned the continued depreciation of Naira. In a letter dated May 24, 2022, …
Read More »
The Manufacturers Association of Nigeria (MAN) has disclosed that the hike in the monetary policy rate (MPR) by the Central Bank of Nigeria (CBN) will have a ripple effect on manufacturers. This was contained in a statement issued on Thursday by Segun Ajayi- Kadir, director-general, MAN. The policy-setting committee of …
Read More »
The Dangote Group has disclosed that it would soon stop accessing foreign exchange (forex) from the Central Bank of Nigeria (CBN). The conglomerate has also revealed that it would expand its operations into the steel sector. Group Managing Director, Dangote Group, Mr. Olakunle Alake, made this disclosure during a panel …
Read More »
The confirmation of the new head of FBN Holdings fails to conform with the provisions of CBN’s Code of Corporate Governance for Banks and Discount Houses in Nigeria 2014. Nigeria’s watchdogs are failing the credibility test, and no recent case makes this clearer than the appointment months ago of the …
Read More »
BREAKING!!! CBN Office On Fire (Photos) The Central Bank of Nigeria (CBN) Makurdi cash office, covering the North Central States, is currently on fire, Igbere TV has learnt. The cause of the fire is not known and firefighters were yet to arrive at the building located in old GRA in …
Read More »
The Central Bank of Nigeria (CBN) imposed monetary sanctions on Stanbic IBTC Bank, Access Bank for permitting crypto transactions by customers in breach of a directive from the regulator last year, forbidding such deals, Bloomberg reported on Wednesday. While Access Bank, the commercial banking division of the country’s biggest lender …
Read More »
N400 for every bad N100 note, CBN imposes penalty on banks for mutilated notes The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMB) to stop including mutilated notes as part of their deposits with the apex bank. Ahmed Umar, director, currency operations department of CBN, in Abuja, …
Read More »
The House of Representatives on Tuesday, 22nd March, 2022 urged the Central Bank of Nigeria to reinforce the use of coins as a legal tender in the country. In a resolution it passed in Abuja, the House called on the apex bank to ensure that commercial banks complied with the …
Read More »
Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed has restated the constitutional role of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), on the monitoring of accruals and disbursements of revenue from the Federation Account, pointing that the powers of the commission as constitutionally stated do not relate …
Read More »
