NBS to publish Nigeria’s corruption survey report in September

June 11, 2019

By Tola Akinmutimi     The National Bureau of Statistics (NBS), on Monday hinted that the report of its ongoing national survey on corruption, the second  National Household Survey on Quality and Integrity of Public Services in Nigeria, 2019, would be published in September. A top official of the agency and a Project Director of […]

Recapitalisation: Insurance companies consider merger, acquisition

June 3, 2019

Following the recent pronouncement of new capital base and deadline for the insurance industry’s recapitalisation by the National Insurance Commission, some insurance companies are making move on how to scale this hurdle. In a recent circular to its regulated entities, life insurance companies’ capital was raised from N2bn to N8bn, general companies got a raise […]

Better Tax: NESG launches Citizen Report as stakeholders chart new path for non-oil revenue

Afolabi OluwaseunMay 21, 2019

Nigeria Economic Summit Group’s Fiscal Policy Roundtable (NESG) has launched its Citizen Perception Report, a first of several research pieces to be published in support of its tax reform and advocacy vehicle “Better Tax”. Better Tax seeks to close knowledge gaps in fiscal policy and create a sustainable framework to actualise the federal government’s inclusive […]

Senate backs NFIU’s directive on Local Government finance 

May 8, 2019

 The senate on Wednesday,  threw its weight behind financial guidelines for local governments recently introduced by the Nigerian Financial Intelligence Unit (NFIU).  The Senate has also resolved that relevant stakeholders like state houses of assembly and the presidency should expedite action on the nagging issue of granting financial autonomy to local government councils across the […]

SEC restates commitment to fight money laundering, terrorism financing in capital market

May 2, 2019

The Securities and Exchange Commission (SEC) on Thursday expressed commitment to ensuring that the capital market was not used for money laundering and terrorism financing.  Mary Uduk, SEC acting director-general, stated this in her opening remarks at the anti money laundering (AML) training for compliance officers of capital market operators (CMOs) in Lagos. Uduk, represented […]

SEC partners Pencom to deepen financial literacy

Adesola AfolabiApril 23, 2019

The Securities and Exchange Commission, SEC, and the National Pensions Commission, Pencom have pledged to work together to ensure more Nigerians are brought into the financial literacy net. This was disclosed in a statement by the SEC as part of the resolutions at a meeting between the |”Technical Committee” on Financial Literacy (FLTC) and Pencom […]

Dollar broadly higher in thin post-holiday trade; euro, Aussie dip

April 23, 2019

The dollar edged up against a basket of key rivals on Tuesday, while the Canadian dollar was supported by rising crude oil prices due to U.S. plans to tighten a clampdown on Iranian oil exports from next month. Financial markets in Australia and New Zealand reopened after the long Easter holiday and were set to […]

FIRS to charge VAT on lottery, betting, automate collection

April 8, 2019

The federal government on Monday said plans are afoot to charge Value Added Tax (VAT) on lottery and gaming activities and automate collection from operators. The federal government disclosed this in Lagos at a stakeholders’ engagement session with lottery and gaming operators. The session, organized by the Federal Inland Revenue Service (FIRS) in conjunction with […]