Capital market decisions driven by real time data—Onyema
The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has revealed that capital market decisions are driven by real time data. In his address of welcome at the Market Data Workshop held yesterday in Lagos, he…
FIRS increases speed, seals more firms in Warri, Lagos, Ilorin
Shortly after succeeding in sealing a cement and oil servicing firm in Port Harcourt Monday, the Federal Inland Revenue Service (FIRS), yesterday, ramped up its tax enforcement drive, shutting down the premises of companies with tax liabilities in Warri, Lagos…
FCMB boost SMEs cashflow with e-invoicing
First City Monument Bank Limited says it has introduced a tracking and reconciliation solution with electronic invoicing capabilities for Small and Medium-scale Enterprises. The bank said in a statement that the ‘FCMB e-invoicing’ was a unique payment offering, designed to…
External reserves hit 11-year low to $24.21bn
The country’s external reserves have hit an 11-year low of $24.21bn, according to the latest data posted at the official website of the Central Bank of Nigeria yesterday. Analysts say the development means a limited amount of dollars will be…
Oyo/Osun Command of Nigerian Customs hits N11 billion in 9 months
Operatives of the Nigeria Customs Service (NCS) working at Oyo/Osun Area Command has generated a whooping sum of N11,147,238,490.32 between the months of January and September this year. The Customs Area Controller, Mr. Temitope Ogunkua who disclosed in Ibadan yesterday…
Financial pundits mull synergy between monetary, fiscal policies to ease recession
Leading financial analysts yesterday called for harmonisation of monetary and fiscal policies to effectively tackle the current recession in the country. Currently, the Central Bank of Nigeria (CBN) manages monetary policies, while the Federal Ministry of Finance manages fiscal policies….
Bank customers can now deposit cheques using smartphone
Bank customers can now deposit cheques from their phones through iTeller Mobile Cheque Truncation solution launched by Precise Financial Systems (PFS). PFS is Nigeria’s leading financial software company, at the ongoing GITEX Conference in Dubai, United Arab Emirate. The global…
FIRS shuts Lafarge office in PH, IGPES facility for tax defaults
As parts of renewed efforts to deepen tax collection, stern-looking enforcement officers from the Federal Inland Revenue Service (FIRS), Abuja stormed Rivers State yestderday and sealed off Lafarge in Onne and IGPES in Port Harcourt for alleged tax evasion. The…
Again, 27 states struggling to pay salaries as NASS seeks report
Just as President Muhammadu Buhari, yesterday decried that about 27 of the 36 states in the country are still battling with payment of salaries, the Senate Committee on banking and Financial Services has ordered the Central Bank of Nigeria (CBN)…
Chukwu, others give antidote on early recovery of naira
Leading financial services advisor and Managing Director of Cowry Assets Management Limited, Mr. Mr. Johnson Chukwu has advised the Federal Government to seek bilateral or multilateral loans to buffer the currency since the apex bank has shown inability to act…
