RMAFC: N7.31tn Accrued into Federation Account in H2 2023
*Says cost of collection should be tied to performance of revenue agencies
Chigozie Amadi
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), yesterday disclosed that over N7.31 trillion accrued into the federation account in the second...
Umar-Sadiq: NSIA Operations Stimulated Economy, Created 445,000 Jobs Across Sectors
Chigozie Amadi
Managing Director/Chief Executive, Nigeria Sovereign Investment Authority (NSIA), Mr. Aminu Umar-Sadiq, yesterday disclosed that its operations and investments have generated positive social and economic impacts and contributed towards the attainment of key Sustainable...
Fidelity Bank Reports N124.26bn Profit, Declares N0.60 Final Dividend
Fidelity Bank Plc, has released its 2023 full year Audited Financial Statements, reporting a 131.5 per cent growth in Profit Before Tax to N124.26 billion from N53.7 billion reported in 2022.
According to the results,...
Monetary Tightening Amid Rise in Food Prices
The Central Bank of Nigeria (CBN) has doubled down on its monetary tightening regime by raising the benchmark interest rate for the second time in a row under the new management led by Mr....
As CBN Continues to Intervene in FX Market, Reserves Decline to Seven-year Low of...
In the span of three weeks, the Central Bank of Nigeria (CBN) has initiated interventions in the foreign exchange market to stabilise the naira, resulting in Nigeria’s foreign reserves plummeting to a seven-year low...
Customers’ Deposit, FX Revaluation Lifts 11 Banks’ Total Assets by 68% to N115.45tn
Following a robust growth in customers’ deposit and foreign exchange revaluation, 11 banks listed on the Nigerian Exchange Limited (NGX) posted N115.45 trillion total assets in 2023, a growth of 68 per cent from...
Nigeria to Host 2025 IFMA Global Africa Conference
Nigeria will host the 2025 IFMA Global Africa Conference, a prestigious event that will bring together industry leaders from across the continent.
Managing Director of International Facility Management Association (IFMA) Europe, Middle East & Africa...
Apathy Towards Builders’ Insurance
Six months after NAICOM’s National Insurance Conference, which was supposed to kick off the implementation of the compulsory builders insurance nationwide, operators are yet to see the desired change,
The 2023 National Insurance Conference with...
With Excess of N2tn Shareholders Fund, UBA Mulls Fresh Capital
Chigozie Amadi
With an excess of N2 trillion shareholders fund, the management of United Bank for Africa (UBA) has disclosed that at due course, it plans to raise fresh capital in line with the Central Bank...
IMF Wants Subsidies, Tax Breaks Properly Targeted to Avoid Economic Slowdown
IMF Wants Subsidies, Tax Breaks Properly Targeted to Avoid Economic Slowdown
CHIGOZIE AMADI
The International Monetary Fund (IMF) has argued that costly subsidies or tax breaks could be detrimental to productivity and welfare if not effectively...
