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Finance
Full Text: Buhari’s 2021 Budget Signing Speech
SPEECH BY PRESIDENT MUHAMMADU BUHARI AT THE SIGNING OF THE 2021 APPROPRIATION BILL AND THE 2020 FINANCE BILL INTO LAW ON THURSDAY DECEMBER 31, 2020 AT COUNCIL CHAMBERS, PRESIDENTIAL VILLA, ABUJA.It gives me great pleasure today to…
Buhari Insists On Local Food Consumption, Orders CBN To Sideline Importers
Nigerian President, Muhammadu Buhari, has directed the Central Bank of Nigeria (CBN) to desist from providing foreign exchange for the importation of food items.President Buhari gave the order on Tuesday December 29, at the fifth…
CBN Governor Charged With Contempt Over N182b Judgement Debt
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has been instituted with a contempt charge for allegedly refusing to sanction a N182 billion payment to the people of Ogoni community.The said sum was money awarded…
FIRS generates N4.17trn in revenue in 10 months
The Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, on Friday said that a total of N4.178 trillion was generated in taxes from January to October. 2020.Nami, represented by Mr. Ezra Zubairu, Coordinating Director,…
Recession: Financial Analysts Gives Solution
Financial analysts on Monday offered advice to the government on ways to boost the economy, which has slipped into recession.The National Bureau of Statistics (NBS) had, in its Gross Domestic Product (GDP) report for…
Buhari Assents To Banks And Other Financial Institutions Act 2020
President Muhammadu Buhari on Thursday assented to the Banks and Other Financial Institutions Act 2020.Senior Special Assistant to the President on Media and Publicity, Garba Shehu disclosed this in a Friday statement.He said that…
Despite Buhari Congratulating Biden, Key Govt Officials Wanted Trump Win – Wall Street Journal…
President Muhammadu Buhari was one of the first African presidents to congratulate US President-elect Joe Biden but his key officials were hoping for a Donald Trump win, Joe Parkinson, Africa Bureau Chief for the Wall Street Journal, has…
CBN Governor, Godwin Emefiele dragged on Twitter
Godwin Emefiele, Governor of Central Bank of Nigeria (CBN) has been reduced to a state of ridicule following his alleged role in victimising #EndSARS protesters and perceived critics of President Buhari's administration.This is coming…
Just In: Ex-Finance Minister Okonjo Iweala Elected WTO Director General
Ngozi Okonjo-Iweala, former Nigeria’s minister for Finance and nominee for the office of the director-general of the World Trade Organisation, WTO, has emerged winner of the highly anticipated role.The ex-minister According to…
Conoil Shareholders Approve N1.39bn Dividend Payment
Shareholders of Conoil Plc have approved the payment of N1.39 billion dividend proposed by the board of the company.They gave the approval during the virtual 50th Annual General Meeting (AGM) attended by proxies.The…
Financial Experts Expressed Concerns Over Nigeria’s Rising Inflation
Two financial experts on Friday expressed concerns over the country’s rising inflation rate and urged the Federal Government to revisit the closure of the borders.They said this in separate interviews with the News…
Benefits of Using a Bitcoin Trading Robot in Nigeria
Within past years cryptocurrency has become so attractive that millions of people have started using it. People have ventured into it and got huge investments with profits in return. Especially in the last few years, it has become so…
2021 Budget: Financial Expert gives in-depth analysis after Buhari’s presentation at NASS
Mr Johnson Chukwu, Managing Director of Cowry Asset Management Limited on Thursday said his hope was that the 2021 budget would pull Nigeria out of the recession that was likely.Chukwu spoke with the News Agency of Nigeria (NAN) in…
Former CBN Chief Commends CBN on Benchmark Interest Rate Reduction
Dr Titus Okunrounmu, a former director, Budgetary Department of Central Bank of Nigeria (CBN), has commended the Monetary Policy Committee (MPC) of the Apex Bank for reducing Benchmark Interest Rate (BIR) from 12.5 per cent to 11.5 per…
Naira Plunges to N465 per Dollar on the Parallel Market
(CBN) has decried the activities of speculators in the foreign exchange market as the Naira took a Plunge
Self-Certification Forms: FIRS Clarifies Statement After Outrage
The Federal Inland Revenue Service (FIRS) has clarified a series of tweets on the Nigerian government's official Twitter handle which required customers of financial institutions to submit self-certifications forms to operate their accounts…
Nigeria Stocks Exchange: Market Capitalization Drops By N4bn
Activities on the nation’s bourse closed on a downward trend on Tuesday, with the market capitalization dropping by N4 billion.Specifically, the market capitalization lost N4 billion to close at N13.354 trillion…
Nigeria Now Owes N31 Trillion to Creditors – Debt Management Office
The recent debt profile of Nigeria released by the Debt Management Office (DDMO) has revealed that Nigeria is now indebted to its creditors to the tune of N31 trillion.
Stock Market Extends Loss By N38bn
Nigerian Stock Exchange (NSE) extended losing streak on Wednesday for the third consecutive days with the market capitalisation declining further by N38 billion.The market capitalisation dipped N38 billion to close lower at N13.263…
Life Insurance Applications spike – Necessary things to know before buying a Policy
Following the outbreak of the novel Coronavirus pandemic, there has been an unusual high demand in the applications for life insurance.The saddest thing that could happen to a grieving family is to suffer a financial crisis after the…
Bullish Trading: Investors Stake N3.79bn on 419.66m Shares
The Nigerian Stock Exchange (NSE) on Friday moved 419.66 million shares worth N3.79 billion in bullish trading.This was against a turnover of 232.42 million shares valued at N1.32 billion traded in 3,377 deals on Thursday,…
Naira Appreciates Against Dollar at Parallel Market
The Naira on Thursday gained one point to appreciates against the dollar at the parallel market in Lagos.The News Agency of Nigeria, (NAN) reports that the Naira exchanged at N439 to a dollar at the parallel market in Lagos,…
DPR Generates N673.7bn Revenue in 6 Month
The Department of Petroleum Resources (DPR) has generated a total sum of N673.7 billion in the first half of this year.Its Spokesman, Paul Osu, said in a statement that the Director of DPR, Mr Auwalu Sarki, disclosed this during the…
CBN Moves To Address Forex Non-Repatriation By Some Exporters
The Central Bank of Nigeria (CBN) has directed all banks in the country to submit the names, addresses and Bank Verification Numbers (BVN) of exporters that have defaulted in repatriating their exports proceeds for further action.SEE…
Facebook Launches N500m Grant for Small Businesses in Nigeria
Social Media giant Facebook has announced a N500 grant as support for 781 small scale Nigerian businesses as part of its $100 global grants programme
Naira Loses Value Against the CFA by 108% in Five Years
The Nigerian Naira has been in a five year free fall against the West African CFA, losing its original value by about 108% since 2015.
EBII Africa Investment Risk and Compliance Summit 2020
The Group Managing Director/CEO of Zenith Bank Plc Ebenezer Onyeagwu invites the public to join him at the EBII Africa Investment Risk and Compliance Summit on 21st August 2020, as he talks about the impact of the COVID-19 pandemic…
Nigeria may slide into recession – Finance Minister
The Minister of Finance, Mrs Zainab Ahmed, says unless Nigeria achieves a very strong third quarter 2020 economic performance, the country can slide into recession
Ahmed issued the warning at the opening of a five-Day interactive session …
Revenue Problem in Nigeria: Finance Act 2019 as Strategic Way to Improve the Revenue
The use of digital economy in Nigeria ought not to be a problem as it is being used in other countries, but lack of trust and corruption in Nigeria has made people doubt whether it would improve revenue - but Amended of the Finance Act 2019…
The ZENITH BETA LIFE Promo
The ZENITH BETA LIFE Promo.50 people will win gifts worth #30,000 every week from July 31, 2020 to July 30, 2021.To qualify, simply:Open a Zenith Bank account.
Fund your account with a minimum of #5,000 for…