Sunday, November 24, 2024

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CBN RAISES BENCHMARK MPR BY 200 BASIS POINTS TO 24.75%.

 The CBN’s Monetary Policy Committee (MPC) has increased the benchmark interest rate by 200 basis points from 22.75% to 24.75%. This was disclosed by the...

INSURANCE INDUSTRY RECORDED N1.003TRILLION AT CLOSE OF 2023.

The Insurance industry of Nigeria has sustained its progressive trend of positive market performance at the close of 2023 fourth quarter, recording a milestone...

NDIC AND EFCC STRENGTHEN PARTNERSHIP TO CURB FINANCIAL CRIMES IN THE BANKING SECTOR The Nigeria Deposit Insurance Corporation (NDIC)  says it's remains committed to ensuring...

IMPORT DUTIES: FG CANCELS  25% PENALTY ON IMPROPERLY IMPORTED VEHICLES

The Nigeria Customs Service (NCS), under the directives of the Honourable Minister of Finance and Coordinating Minister of the Economy, has initiated a 90-day...

FAAC SHARES N 1,152.756 BILLION FEBRUARY 2024 REVENUE TO FG, STATES AND LGCs.

The Federation Account Allocation Committee (FAAC) has shared a total sum of N 1,152.756 billion February 2024 Federation Account Revenue to the Federal Government,...

TRADE FACILITATION:  NEPC PARTNERS NCS  ON OPERATIONALIZATION OF THE DOMESTIC EXPORT WAREHOUSE 

The Nigerian Export Promotion Council NEPC and the Nigerian Customs Service (NCS) have reaffirmed their commitment to provide seamless trade facilitation for exporting companies. This...

FOREX CRISIS:  CBN CLEARS VALID FX TRANSACTIONS TO ELIMINATE LEGACY BACKLOG.

 The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, fulfilling a key pledge of the...

FG TO LAUNCH SUGAR MASTER PLAN PHASE II as INDUSTRY REQUIRES $3.5BN INVESTMENTS 

The Federal Government is set to formally unveil Phase II of the Nigeria Sugar Master Plan (NSMP). This, according to the Executive Secretary of the...

DISABILITY STUDIES:: NCPWD RECEIVES WESLEY UNIVERSITY INTO AWARD OF FULL DEGREE PROGRAMS

To further expand the coverage of Universities that will be awarding full degree programs in disability studies, the Executive Secretary, National Commission for Persons...

NUPRC REFUTES CLAIMS ON NON REMITTANCE OF FUNDS

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refutes the report carried by a national daily of alleged unremitted funds into the Federation Account. NUPRC...

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LOKPOBIRI HAILS PRODUCTION GAINS AT ABIGAIL JOSEPH FPSO, TARGETS 100,000 BPD OUTPUT.

Nigeria's quest to boost crude oil production is making significant strides, as the Abigail Joseph Floating Production Storage and Offloading (FPSO) facility, operated by...

FCCPC ALERTS OF LOW-QUALITY SUGAR IN NIGERIAN MARKETS.

 The Federal Competition and Consumer Protection Commission (FCCPC)  says it has uncovered the availability of substandard and unregistered sugar products in Nigerian markets, particularly...

FG REITERATES COMMITMENT AND RESILENCE TO  DEFEAT BANDITRY AND TERRORISM-BADARU .

The Honourable Minister of Defence , Mohammed Badaru Abubakar  has called  on the Nigerian Airforce to intensify the use of their various platforms to...

TAX REFORM BILL: FREE ZONE OPERATORS REJECT KEY PROVISIONS

TAX REFORM BILL: 98 operators from Nigeria’s Export Free Zones has raised strong objections to certain provisions of the President Bola Tinubu-led Federal Government’s proposed...