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Commercial banks to pay N103bn taxes to FIRS April 2, 2019

A total of 14 commercial banks listed on the Nigerian Stock Exchange are billed to pay N103bn in taxes to the Federal Inland Revenue Service for the 2018 financial year. Read more

Nigeria’s instant electronic payment hits 1.34 million April 2, 2019

Bank customers carried out over one million transactions on Nigeria Interbank Settlement System Instant Pay platform recorded on Sunday, live updates provided by the NIBSS has shown. Read more

FG opens tailoring hub, trains 80 youths April 2, 2019

No fewer than 80 youths were trained in tailoring and fashion design at Federal Government’s newly established tailoring hub in Osun.Read more

Banking stocks undermine NSE performance April 2, 2019

HEAVY losses in the banking stocks undermined the performance of the stock market, leading to loss of 0.31 percent in the All Share Index, ASI, last week. Read more

CBN reduces monetary policy rate to 13.5% March 27, 2019

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate from 14 per cent to 13.5 per cent. Read more

FG reopens N100bn bond offer this week March 27, 2019

The Federal Government is scheduled to reopen the APR-2023, MAR-2025 and FEB-2028 bonds for subscription by offering investors N40bn each from the APR-2023 and MAR-2025 bonds and N20bn from the FEB-2028 bond. Read more

New terminals: Aviation ministry seeks Senate nod for $461.8m loan March 27, 2019

The Ministry of Aviation on Monday appealed to the Senate to approve additional $461.8m loan for it to hasten the completion of the new terminals under construction across the country. Read more

NCC to disburse N3b subsidy to InfraCos March 26, 2019

The Nigerian Communications Commission (NCC)has concluded the process that will lead to the disbursement of subsidies to the six licensed Infrastructure Companies (InfraCos). Read more

SEC moves to revive margin lending March 26, 2019

The Securities and Exchange Commission, SEC, has said that plans are under-way to amend the rules on margin lending and resume activity in that space. Read more

CBN Mulls Extension of Payment System Vision to 2030 March 26, 2019

With just one year to the Payment System Vision (PSV) 2020, the Central Bank of Nigeria (CBN) has disclosed that it has commenced a review of the project, just as it hinted of plan to set new targets under a refreshed version tagged PSV 2030. Read more

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