Business

For corporate accounts, the apex bank in the circular said that DMBs would charge five per cent processing fees for withdrawals and three processing fee for lodgments of amounts above N3,000,000.
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Addressing parliamentarians at the ongoing 2nd extraordinary session of the ECOWAS parliament in Monrovia, Moustapha Lo, speaker of the ECOWAS parliament, requested that the Nigerian government reopens its borders.
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“New borrowing is put at N1.605 trillion for 2019, projected at N1.7 trillion for 2020, N1.6 trillion for 2021 and N1.3 trillion for 2022. The borrowings will be 50% local and 50% foreign,” the finance minister said.
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The Special Adviser, Media and Communications, to the Minister of Finance, Budget and National Planning, Mr. Yunusa Tanko Abdullahi, said in a statement that the proposed VAT increase “from 5 percent to 7.5 percent is sequel to the…
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The Customs CG, made this known when he visited Maigatari Nigeria/Niger Republic border on Wednesday, saying Nigeria could no longer fold its arms watching such countries flourishing at the detriment of Nigerian economy.
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Zainab Ahmed, minister of finance, budget and national planning, disclosed this to state house correspondents at the end of the cabinet meeting on Wednesday.
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The chairman of Anambra State Cattle Menace Control Committee, Igwe Peter Eze- Amama, a monarch, disclosed this to newsmen in Awka, the Anambra State capital.
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According to the second-quarter GDP report released by the National Bureau of Statistics (NBS), the GDP figure is 0.16 percentage points lower than the 2.10% recorded in the first quarter of 2019.
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Ahmed Idris, the Accountant-General of the Federation, said this on Thursday in Abuja, while addressing newsmen at the end of the Federation Accounts Allocation Committee meeting.
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The naira on Monday traded at N358.6 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N445 and N396, respectively. At the Bureau De Change segment, the naira was sold at N358.6, while the pound…
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