Archives for MONEY MARKET - Page 104
Nigeria’s foreign liabilities stand at $85.21bn — IMF
IMF logo Nigeria’s foreign liabilities stood at $ while the country’s foreign assets amounted to $ as of December 2020, the International Monetary Fund has said. From…
VAT Collection: FIRS Files Appeal Against Court Judgment
By Ngozi Onyeakusi---The Federal Inland Revenue Service (FIRS) has appealed a recent judgment of the Federal High Court in Port Harcourt Rivers State on the issue of…
Bank CEOs threaten forex fraudsters with arrest, prosecution
The chief executives of deposit money banks in the country have warned customers against using fraudulent methods to get access to foreign exchange from banks, saying…
FIRSTBANK SPONSORS 5TH EDITION OF CHIEF OLUSEGUN OBASANJO GOLF TOURNAMENT
Chief Olusegun Obasanjo, former President, Federal Republic of Nigeria (middle); Mr. Tunde Owolabi, Group Executive, Retail Banking (Lagos & West), First Bank of Nigeria Limited (right) and Mr.…
No Plans to Take Over Dangote Refinery says AMCON
Dangote By Ngozi Onyeakusi---Management Corporation of Nigeria (AMCON) has denied the report that it could take over the Dangote Refinery over debts owed by the Dangote Group to banks. The…
Nigeria loses N900bn annually to foreign engineers
President, COREN, Ali Rabiu As dearth of indigenous engineering technicians and craftsmen conyinue to pose challenge to Nigeria, the Federal Government has disclosed that estimated N900 billion is being lost…
CBN releases guidelines for CGCs regulation
CBN Governor, Emefiele By Ngozi Onyeakusi---The Central Bank of Nigeria (CBN) has released guidelines for registration and supervision of Credit Guarantee Companies (CGCs) in the country. The guidelines are contained…
World Bank names Nigeria among 10 with high-debt risk
By Ngozi Onyeakusi---The World Bank has listed Nigeria among top 10 countries with high debt risk exposure. It stated this in the financial statement for International Development Association, which was…
Nigeria’s VAT soars to N1tn in six months —NBS
National Bureau of Statistics (NBS) has disclosed that Nigeria generated a N1tn in the first half of the year, consisting of in the second quarter and generated in the first…
Stanbic IBTC Receives Recognition Across Various Sectors
By Ngozi Onyeakusi---Accolades have continued to pour in for Stanbic IBTC in recognition of the organisation's outstanding performance across various facets of Nigeria's financial industry and its contribution to the…