Customs Facilitates First Shipment from Nigeria to Kenya Under AfCFTA
By Oluwakemi Kindness The Nigeria Customs Service (NCS) on Sunday said it has facilitated Nigeria’s first shipment to Kenya, with Lucky Fibres, a subsidiary of the Tolaram Group, becoming one of the first companies to ship goods to Kenya under the African Continental Free Trade Area Agreement (AfCFTA). During a visit to the Apapa Area […]
Revenue: Tax Reform Bills to Harmonise Scattered Laws say FIRS Chairman
By Oluwakemi Kindness The Chairman, Federal Inland Revenue Service, FIRS, Zack Adedeji, on Wednesday told the House of Representatives that the tax reform bills aims to harmonise all the tax laws in Nigeria. Speaking before the House Committee on Finance, he said the four tax reform bills recently presented by the President to the […]
CBN Governor Says Recapitalisation Policy Has Strengthened Banks
By Oluwakemi Kindness The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says the Bank’s recapitalization policy, is expected to support the realisation of 1 trillion dollars economy by 2030. This was as he said the Bank’s recapitalization policy has prompted banks to strengthen their financial positions, a process expected to result in […]
FIRS Launches USSD Code For Tax payment
By Oluwakemi Kindness In a bid to enhance ease of doing business, the Federal Inland Revenue Service (FIRS), on Wednesday, launched an Unstructured Supplementary Service Data (USSD) Code *829# specifically targeted at improving taxpayers’ satisfaction. FIRS chairman, Zacch Adedeji, launched the code in Abuja as part of activities making this year’s Customer Service Week which […]
CBN Governor Champions We-Fi Code Declaration for Women Entrepreneurs
By Oluwakemi Kindness The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has urged stakeholders in the financial ecosystem to adopt the Women entrepreneurs Finance (We-Fi) Code as part of a collective drive to enhance the financial inclusion of women entrepreneurs across Nigeria. Cardoso stated this at the landmark event of Nigeria’s public […]
CBN Assures Nigerians Of The Safety Of Their Bank Deposits
By Oluwakemi kindness The Central Bank of Nigeria (CBN) on Tuesday assured Nigerians not to panic as it has put in place policies to ensure that all monies deposited in financial institutions across the country are secured. A statement by the apex bank’s Acting. Director, Corporate Communications, Hakama Sidi-Ali, reassured the public of its unwavering […]
CBN Introduces Electronic System To Enhance Transparency In Forex Market
By Oluwakemi Kindness The Central Bank of Nigeria has announced the introduction of an Electronic Foreign Exchange Matching System aimed at transforming the country’s foreign exchange market. The new system is set to be operational in the Nigerian Foreign Exchange Market by 1 December 2024, following a two-week test run scheduled from November. The EFEMS […]
FG Introduces New Fiscal Incentives To Boost Oil & Gas Sector
By Oluwakemi Kindness In its avowed determination towards ensuring a boost in the nation’s upstream and downstream sector, the Federal Government has introduced groundbreaking concessions aimed at revitalizing the industry. This is just as the Minister of Finance and Coordinating Minister of the Economy, Wale Edun on Wednesday unveiled two major fiscal incentives aimed at […]
Federal Government Assures Stakeholders Of Collaboration To Drive Economic Growth
By Oluwakemi Kindness The Federal Government has assured that it will continue to collaborate with relevant stakeholders with a view to implementing policies, programmes, and projects that will reinvigorate the nation’s economy. The Permanent Secretary Federal Ministry of Finance, Lydia Shehu Jafiya, gave the assurance in her office in Abuja during a sensitization programme on […]
FG To Audit, Enforce Statutory Insurance Of All PPP Assets – ICRC
By Oluwakemi kindness The Federal Government says it would conduct an audit of all Public Private Partnership projects to ascertain their performance as well as ensure that all the projects are insured as statutorily stipulated in the Infrastructure Concession Regulatory Commission Establishment Act, 2005. Director General, Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Oseodion Ewalefoh […]