Sunday, 15th December 2024
To guardian.ng
Search

Money

1 day ago
The Central Bank of Nigeria (CBN) has imposed a fine of ₦150 million on Deposit Money Banks (DMBs) found guilty of aiding the illegal distribution of mint naira notes to currency hawkers. CBN, in a circular issued on Friday and signed by Mohammed Olayemi, Acting Director of the Currency Operations Department, said it was concerned…
2 days ago
If you’re looking for a lucrative way to earn online income, loan affiliate programs are an excellent choice. Whether you’re targeting payday loans or personal loans, these programs can help you monetize your traffic by connecting potential borrowers with lenders. In this guide, I’ll walk you through the top loan affiliate programs, explain how they…
Members of the House of Reps want the re-activstion of the price control board
10 Dec
The House of Representatives on Tuesday announced plans to probe the Central Bank of Nigeria (CBN) over the ongoing scarcity of naira notes
10 Dec
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has emphasised the need for collaborations to enhance the Federal
10 Dec
The Central Bank of Nigeria (CBN) has debunked reports that claimed it has approved the sale of foreign exchange to Bureau De Change (BDC) operators to meet retail demand for invisible transactions. The purported directive that carries CBN letterhead alleged that the CBN authorised the sale of $20,000 to each BDC operator at a specific…
8 Dec
Taxation has long been a sensitive issue in Nigeria. With a system that’s often criticised as complex, inefficient, and inequitable and has left many citizens feeling burdened and frustrated. Widespread tax evasion, poor compliance, and a general lack of trust in the system have only deepened the divide between the government and the people. But…
8 Dec
Nigeria’s Value Added Tax (VAT) revenue reached a record N1.78 trillion in the third quarter of 2024, recording a 14.16% growth. This indicates growth compared to the N1.56 trillion collected in the second quarter, highlighting the diversification of the country’s revenue base. A breakdown of the VAT figures for Q3 2024 shows local payments contributed…
8 Dec
Transactions conducted via Unstructured Supplementary Service Data (USSD) codes in Nigeria recorded 252.06 million transactions valued at N2.19 trillion in the first half of 2024, according to the Central Bank of Nigeria's (CBN) latest electronic payment statistics. This figure represents 45.3% of the total transaction value of N4.84 trillion recorded in the entire 2023, as…
Activities on the Nigerian Exchange Ltd. (NGX).
8 Dec
The Nigerian stock market has emerged as one of the top four best-performing exchanges in Africa, with investors' returns currently standing at 31.34% in its Year-to-Date (YtD) growth. According to findings, the Nigerian stock market's YtD growth is a notable achievement, especially when compared to other African markets. Investigations further revealed that the Ghana Stock…
7 Dec
Despite the slight improvement in foreign capital inflows through foreign direct investment (FDI) in the third quarter of 2024, Nigeria’s capital importation fell by 51.90 per cent to $1.25 billion from $2.60 billion recorded in the second quarter (Q2) of 2024. Capital importation is the inflow of funds from abroad to support investment, trade, and…
7 Dec
Air Peace Ltd. says the operating cost for a one-hour flight exceeds N14 million. The airline’s Chief Operating Officer (COO), Mrs. Oluwatoyin Olajide, disclosed at a news conference on Friday in Lagos. Olajide said that N7 million is required to purchase 4,000 litres of jet A1 (aviation fuel), which is currently sold for N1,400 per…
5 Dec
Stanbic IBTC Pension Managers Limited has announced the temporary closure of select branches as well as the suspension of its digital channels due to a scheduled system maintenance exercise. Stanbic IBTC, in a notice sent to customers as seen by The Guardian, stated that certain branches will close early, at 12:00 PM on Friday, December…
3 Dec
The Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified a post challenging a proposed increase in the rate of Value Added Tax (VAT) which he shared on X in 2019. In the post, Oyedele said VAT rate increase will lead to higher inflation, interest rate hike, and more unemployment, adding…
1 day ago
FG flags off Abia Airport construction on Tuesday, says Kalu From Adamu Abuh, Abuja The flag-off of the construction of the Abia Airport would be held on Tuesday, according to the Deputy Speaker of the House of Representatives, Rt Hon. Benjamin Kalu. Kalu said that the Abia Airport project is a testament to the Federal…
1 day ago
Some commercial banks inefficient operations of late have been identified as a major setback to cargo clearance at the seaports, especially on the platform of B’Odugwu digital system recently introduced by the Nigeria Customs Service (NCS).
1 day ago
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has renewed its commitment to tackling corruption in the upstream petroleum sector. The Chief Executive, NUPRC, Gbenga Komolafe, who disclosed this at the celebration of International Anti-Corruption Day
1 day ago
Schneider Electric has been awarded Employer of the Year in the Energy and Utilities Sector by the Nigeria Employers’ Consultative Association (NECA). The company was recognized at the 4th edition of the Annual Employers Excellence Award ceremony in Lagos.
1 day ago
Access Bank Plc has entered into a binding agreement with South Africa-based Bidvest Group Limited for the acquisition of a 100 per cent equity stake in Bidvest Bank Limited.
1 day ago
Project Management Institute (PMI) has celebrated 50 exceptional rising leaders transforming the world by leveraging their project management skills to tackle today's most pressing challenges. As shown on the 2024 Future 50 list
1 day ago
Recognizing the glaring gap in global conversations, where African brands are often sidelined and undervalued, two visionary brothers based in Nigeria and the United States respectively, have taken the initiative of bridging that gap with the launch of Reuben&Samuel
1 day ago
The Nigeria Customs Service (NCS) Oil and Gas Free Trade Zone Command has reiterated its commitment to facilitating trade and ensuring regulatory compliance in Nigeria’s oil and gas sector.
2 days ago
The country’s economy as well as its ability to attract and retain foreign direct investments (FDIs) in the coming year will depend on the sustainability of the current reforms, analysts at Cordros Securities Limited have said.
2 days ago
Inflation and fundraising challenges have been listed as major challenges stressing startups in Nigeria and Egypt.