OSIRS intensifies revenue drive, sanctions firms
OSUN State Internal Revenue Service (OSIRS) on Tuesday shut five federal establishments in the state for defaulting in payment of taxes to the state to the tune of N219.9 million.
Enforcing forex rules on BDCs with BVN
The newly initiated BVN-for-foreign exchange transactions’ rule seems to be the much-needed silver bullet to enthrone a regime of sanity, transparency and compliance to rules in the Bureaux De Change segment. CHIJIOKE NELSON writes on the initial results few days after enforcement. The Central Bank of Nigeria (CBN), in just a few days to the…
BVN: Nigerians In The Diaspora Were Not Considered, Says Okoli
DESPITE the decision of the Central Bank of Nigeria (CBN) to extend the timeline for Nigerian bank customers in the Diaspora to enroll for their Bank Verification Numbers (BVN) to January 31, 2016, indications have emerged that such customers feel not carried along in the exercise.
Renewed agitation for whistle-blowing, currency stability
THE need to enthrone a regime of disclosure, ensure transparency and integrity in public finance, accountants and financial experts said time is fast running out in taking a concrete step towards whistle-blowing initiative
Bank directors organise business forum
THE Bank Directors Association of Nigeria (BDAN) is organising a business forum to discuss key issues facing the Nigerian banking industry.
RB Unveils New Mortein LED To Combat Malaria
IN further demonstration of its commitment to innovation and making life easier for Nigerians, RB Nigeria has launched Mortein Liquid Electric Device (LED).
‘Manufacturing Contributes Only 4% To Nigeria’s GDP’
THE Director General of the Manufacturers Association of Nigeria (MAN), Mr. Remi Ogunmefun has stated that despite the challenging operating environment characterised by poor electricity supply, high borrowing cost, infrastructural inadequacies and rising foreign exchange rate, among others, the manufacturing sector contributes an average of four per cent to Nigeria’s GDP.
NIBSS unveils code to aid BVN-for-forex transactions’ rule
The Nigerian Inter-Bank Settlement System (NIBSS) has unveiled a new code to ensure seamless deals in the seemingly “operation show your Biometric Verification Number (BVN) before foreign exchange transaction.”
Continent’s leaders urged to foster entrepreneurship development
A leading Nigerian businessman, Emperor Chris BaywoodIbe, has advised African leaders and governments to empower their entrepreneurs to facilitate intra trade as a way of achieving rapid socio-economic growth and development on the continent. He said no one would develop Africa better than Africans, thus re-echoing President Barack Obama’s recent charge on his visit to…
‘Despite challenges, Africa’s rising narrative is sustainable’
EY said the Africa’s ‘rising narrative’, which was premised on assessed economic potentials in the continent is sustainable, as there are remarkable positive trends in the last few years. While noting that uncertainties, which affect growth projections exist, it pointed out that Nigeria’s political trajectory, alongside other African economies, has become watershed in the region’s…