Sarah NEGEDU

N50 Stamp Duty for ’eligible transactions’ only - CBN

The Central Bank of Nigeria, CBN, has made clarifications on some misconception over the implementation of the N50 stamp duty imposed on bank customers, saying the charges would be made per transaction and not on every N1, 000 as reported in some quarters.

The apex bank last week, in a circular [...]

Sun, 24 January 2016


DFID to invest £30m on climate change in Nigeria

The Department for International Development, DFID, has promised more collaboration with the Nigerian government in its efforts to grow and develop the country’s agricultural sector, with a pledge to invest £30million into the climate change programme in the country.

Head of Office, [...]

Sat, 16 January 2016


SEC to facilitate payment of N90bn unclaimed dividend

Investors in the Nigerian capital market have been urged to register for the e-dividend scheme so as to facilitate the smooth payment of the over N90billion dividends presently left unclaimed.

At a recent campaign to raise awareness over unclaimed dividend, the Securities and Exchange Commissio [...]

Sat, 16 January 2016


FG to check payroll fraud through BVN

The federal government has said it is putting in place effective modalities through the use of Bank Verification Number, BVN, to help identify and check activities of ghost workers within the public sector.

The initiative which is aimed at addressing the rather slow pace of progress in the Inte [...]

Sat, 16 January 2016


Forex reversal: Between CBN and BDC operators

The recent decision of the Central Bank of Nigeria to stop the sale of foreign exchange to licensed Bureau de Change, BDC operators across the country may not have gone down well with the operators, as they fear the latest policy could spell doom for the naira and inadvertently the liquidation of BDC [...]

Sat, 16 January 2016


Experts fault IMF boss over Nigeria’s debt profile

Economic analysts have faulted the Managing Director of the International Monetary Fund, IMF, Ms. Christine Lagarde, saying that the country’s debt to GDP ratio was in the balance, therefore, can raise funds from the bond market to finance development.

Lagarde had expressed concern over N [...]

Mon, 11 January 2016


We must re-invent our own economic strategy - Ogbeh

Minister of Agriculture, Chief Audu Ogbeh, has harped on the need for Nigeria to re-invent her own monetary strategy in order to revive its economy.

The minister stated this when he received representatives of the African Development Bank, AfDB, and the International Institute of Tropical Agric [...]

Sun, 10 January 2016


FG moves to check forex demand through agric production

To check the high demand for foreign exchange due to the huge importation of food items into the country, the federal government has said it will support the sustainable local production of agricultural products in the country.

Pegging forex demand at $1.5billion per week, Minister of Agricultu [...]

Sun, 10 January 2016


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