Finance
Non-oil exports: CBN reveals plans to repatriate $200bn in three years
The Central Bank of Nigeria on Thursday revealed a programme that seeks to repatriate $200 billion exclusively from non-oil exports...
FIRS launches self-service stations in tax offices
The Federal Inland Revenue Service (FIRS) has introduced 'self-service stations' across the country to enable taxpayers file tax returns, pay...
Facebook begins VAT deductions, gives Nigerians 15 days to update records
Social media giant, Facebook, has asked Nigerian customers to update their value-added tax (VAT) identification numbers by February 25. Meta,...
Africa’s GDP declined by $165bn in 2020 – Adesina
Africa's Gross Domestic Product (GDP) has declined by $165 billion in 2020, President of the African Development Bank (AfDB), Dr....
Insurers pay N11bn claims on EndSARS
Insurance companies have paid N11 billion claims on losses suffered during the 2020 #EndSARS protest. The Chairman of Nigerian Insurers...
Nigeria’s foreign reserves drop to $39.82bn
Nigeria's external reserves had dropped below $40bn to the lowest point in over three months, figures from the Central Bank...
DMO returns oversubscribed 2021 sovereign Sukuk to investors
The Debt Management Office (DMO) has returned the oversubscribed portion of the country’s N250 billion road Sukuk instrument offered in...
CBN releases framework to check bad loans
The Central Bank of Nigeria (CBN) has released operational guidelines on the Global Service Instructions aimed at checking the spate...
CBN slashes charges on electronic transactions
The Central Bank of Nigeria (CBN) has announced a downward review of charges for electronic banking transactions in its revised...
FIRS achieves target, rakes N6.4trillion in 2021
Despite the global economic challenges occasioned by the Coronavirus pandemic, as well as the disruption of business activities in 2020...