Nigeria
FIRS plans to charge N50 stamp duty on electronic receipts, NIPOST reacts
The Federal Inland Revenue Service will henceforth charge Nigerians N50 stamp duties on all forms of electronic notifications. These include SMS and messages ...
Nigeria
Nigerians Have Sent Over 1 Billion SMSs since the Beginning of Lockdown
Nigeria’s lockdown triggered by the COVID-19 pandemic has increased the usage of SMSs – the quintessential short message service used all across the ...
Nigeria
ATCON Tasks Federal Government to Begin Digitizing the Economy
The Association of Telecommunications Companies of Nigeria (ATCON) has charged the Federal Government to begin the digitization of the nation’s economy. The association ...
Nigeria
SEC outlines outgoing DG’s scorecard, de-registers 84 inactive stockbrokers
The outgoing Acting Director-General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, recently presented her scorecard, stating that under her leadership, ...
Nigeria
Why CBN slashed monetary policy rate -MPC
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has explained why it slashed the monetary policy rate, popularly called lending rate, from ...
Nigeria
CBN to drive agribusiness through 50bn credit facility, interest rate cut
The Central Bank of Nigeria as a means of mitigating the impact of the novel coronavirus on micro, small and medium-sized businesses MSMEs, ...
Nigeria
NIN Diaspora enrollment happening in 15 countries – NIMC Boss
The Director-General of NIMC, Aliyu Aziz disclosed in an interview with journalists, that enrolment was ongoing for Nigerians in the Diaspora in 15 ...
Nigeria
CBN reduces interest rates on loans for OFIs
The Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs) from 9% to 5% ...
Nigeria
CSCS Shareholders Approve N4.3bn Dividend, as Non-core Revenue Grew 162.5%
The Central Securities Clearing System (CSCS) Plc, recently held its 26th Annual General Meeting (AGM), where shareholders approved N0.86 dividend per share payout to ...
Nigeria
CBN approves N10bn applications for healthcare intervention
The CBN disclosed that it has approved about N10 billion worth of applications for the loan component of the CBN’s COVID-19 intervention in ...