The Minister of State for Finance Designate, Dr Taiwo Oyedele has on Wednesday in Abuja, disclosed that not fewer than 12 states of the Federation have enacted the Tax Harmonisation Law. Oyedele, who was appointed on Tuesday as Minister of State for Finance, spoke during the graduation ceremony of 5,900 young entrepreneurs trained by MTN…
The Central Bank of Nigeria (CBN) has taken delivery of responsibly sourced gold refined to London Bullion Market Association (LBMA) Good Delivery standards into its foreign reserves. A statement by the apex bank on Wednesday said that this brings the CBN’s total gold holdings to 3.5 billion dollars, marking a significant step in its reserve…
The Federal Capital Territory Internal Revenue Service (FCT-IRS), has set March 31 deadline for all taxable individuals resident in the FCT to file their annual income tax returns. This is contained in a statement issued by the Head, Corporate Communications, FCT-IRS, Mr Mustapha Sumaila, in Abuja on Monday. He said that the Service had advised…
AMNI International Petroleum Development Company says the arrival of a drilling rig at Okoro Field reinforces confidence in Nigeria’s indigenous oil and gas industry. Its Chairman and Chief Executive, Dr Tunde Afolabi, in a statement issued on Sunday in Lagos, said that the mobilisation remained “a defining operational milestone for the company”. He also said…
The Nigeria Export Processing Zones Authority (NEPZA) has expressed partnership with the Borno State government to revive the moribund Banki Free Trade Zone. The Managing Director of NEPZA, Dr Olufemi Ogunyemi, made this known during a courtesy visit by the Governor of Borno State, Prof. Babagana Zulum, in Abuja. Ogunyemi, who is also the Chief…
Dr Titus Okunrounmu, former Director, Research Department, Central Bank of Nigeria (CBN), has lauded the Monetary Policy Committee (MPC) for cutting interest rate by 50 basis points. Okunrounmu gave the commendation in an interview with the News Agency of Nigeria (NAN) on Wednesday in Ota. He said that the MPC’s decision to lower the rates…
The Central Bank of Nigeria (CBN) says 20 Nigerian Banks have already met the new minimum capital requirement in the ongoing bank recapitalisation exercise. The Governor of the CBN, Mr Yemi Cardoso, made this known on Tuesday in Abuja while presenting the communiqué from the 304th meeting of the apex bank’s Monetary Policy (MPC). The…
The Central Bank of Nigeria (CBN) says its decision to reduce the Monetary Policy Rate (MPR) by 50 basis points was partly informed by sustained deceleration in year-on-year inflation. The CBN Governor, Yemi Cardoso, said this on Tuesday in Abuja while presenting the communiqué from the 304th meeting of the Monetary Policy Committee (MPC). The…
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has reduced the Monetary Policy Rate (MPR) by 50 basis points to 26.50 per cent from 27 per cent, the CBN Governor, Yemi Cardoso, announced. Cardoso made the disclosure on Tuesday at the 304th MPC meeting in Abuja. The News Agency of Nigeria (NAN) reports that…
Al-Habibiyah Islamic Society has called on the Federal Government to remove tax on charitable properties to enable the new tax law work effectively. Its National Chief Imam/Executive Director, Imam Fuad Adeyemi, made the call on Sunday at the 23rd Annual Ramadan National Unity Lecture in Abuja. The theme of the lecture was “Making the New…
