The acting Accountant-General of the Federation (AGF), Mr. Mohammed Kudu Usman has promised the support of the Office of the Accountant-General of the Federation to the visiting Gambian Team on Treasury Single Account (TSA). Mr. Usman announced this while receiving the delegation who were in
BUSINESS
The taxpayer’s base in Nigeria has, within the period of three years, increased by 23 million. This was disclosed on Thursday by the Minister of Finance, Zainab Ahmed, during a media briefing in Abuja. Ahmed said the taxpayer’s base has increased from 12 million in 2015 to 35 million in 2018. According to her, revenue […]
Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion Euros (1.2 billion dollars) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market. The financial industry has been hit with billions of Euros in fines worldwide over the last decade for the rigging of […]
Central Bank of Nigeria Governor, Mr Godwin Emefiele, on Wednesday, urged Federal Government to attach premium to palm oil production, saying its price is higher than crude oil’s on the global market. Emefiele stated this in Abuja when he appeared before Senate’s Committee on Banking, Insurance and other Financial Institutions for screening for his second […]
The Managing Director and Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane, has said fuel subsidies are a huge drain on government’s revenue. Rewane stated this in his presentation at the Lagos Business School Breakfast Session on May 8, a copy of which was obtained by newsmen on Tuesday. He noted that the […]
The Central Bank of Nigeria (CBN) has said it acknowledged the existence and usefulness of crypto technology but hasn’t taken any official position on it. Its Chief Information Security Officer, Rakiya Mohammed, who spoke at Secure Enterprise 2019 organised by IT and T Solutions Ltd, IBM and Interpost at Radisson Blu, Victoria Island, Lagos, said […]
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