LIRS upgrades eTax payment procedures for seamlessness
The Lagos State Internal Revenue Service (LIRS) is currently optimizing its payment procedures for utmost efficiency and taxpayers’ convenience. The Executive Chairman of the Lagos State Internal Revenue Service, Mr Ayodele Subair, in a statement issued on Sunday, said the…
Investors trade N485.4bn worth of equities in Q2
Both local and foreign investors on the Nigerian Exchange Limited (NGX) traded N485.4billion worth of equities in the second quarter (Q2) of 2022. This is an increase of 40.11per cent when compared to N346.43 billion traded in the first quarter…
CBN gives December deadline for banks to comply on cyber security framework
The Nigerian apex bank, Central Bank of Nigeria (CBN) has given all banks in the country a deadline of December 1, 2023 to fully comply with the Cyber Security Framework or risk shutdown. According to the Apex Bank, the directive…
NGX, GRI, PRI, unite to boost awareness on ESG Data Metrics
Nigerian Exchange Limited (NGX), Global Reporting Initiative (GRI) Africa and Principles for Responsible Investment (PRI) organized a webinar tagged “Empowering Responsible Investing through Data Metrics and Environmental, Social and Governance (ESG) Integration”, on Wednesday, 29 June 2022. Speaking at the…
NGX All-Share Index ends winning streak, loses 0.31%
Today, the domestic bourse ended its five-day winning streak as the benchmark index shed 0.31% to close at 51,803.98 points. Selloff in index heavyweight, MTNN (-2.04%) as well as Tier-1 banks, ACCESSCORP (-1.60%), GTCO (-0.72%) and ZENITHBANK (-0.23%) underpinned the…
US SEC confirms Bitcoin is a commodity
The inevitable regulation of the cryptocurrency market is “a significant step closer” due to comments made on Monday by the U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, says Nigel Green, CEO of one of the world’s largest independent…
Sekibo, Obi, others harp on security, leadership for economic prosperity
The MD/CEO of Heritage Bank Plc, Ifie Sekibo and other notable Nigerians have affirmed that the apt way to boost economic prosperity and peace in the country is to start addressing leadership challenges and insecurity. Sekibo and other notable Nigerians…
CBN sensitizes Traders on Values of eNaira in Lagos
As part of drive to deepen penetration of eNaira, the Central Bank of Nigeria (CBN) in collaboration with the Bankers Committee, weekend, sensitised traders and consumers at Tejuosho Market on how to conduct eNaira transactions. Traders in wears, shoes, and…
NGX Reaffirms Commitment to Innovative Structures on SMEs Funding
Nigerian Exchange Limited (NGX), has restated its determination to provide SMEs access to investors, seeking viable returns on investments. The Chief Executive Officer, NGX, Temi Popoola made this disclosure during his keynote address at the 2022 Annual Business Luncheon organised…
U.S accounts for 42% of these global billionaires under 30
There are 12 billionaires under the age of 30 on Forbes’ 2022 list of the World’s Billionaires. According to a MoneyTransfers analysis, the U.S accounts for 42% of these global billionaires under 30 years. MoneyTransfers CEO Jonathan Merry says, “The…
