Nigerian Newspapers: Latest Business News Headlines For Today August 22, 2021

Nigerian Newspapers: Latest Business News Headlines For November 10, 2021

Good morninghere are the latest top business news headlines for today Sunday, August 2021.

FAAC Disburses N760bn To FG, States, LGA In July — N109bn Increase From June

The Federation Accounts Allocation Committee (FAAC) disbursed the sum N760.717 billion to the three tiers of government for the month of July.

The amount represents an increase of N109.5 billion when compared to…Read more

CBN Threatens To Sanction Microfinance Banks For Forex Trade

The Central Bank of Nigeria (CBN) has threatened to sanction and revoke the licences of microfinance banks found to be engaged in foreign exchange (forex) trade and other non-permissible activities.

The apex bank in a circular issued on Friday reminded the banks that…Read more

Staff Of CAC Encouraged To Embrace Technology To Avoid Job Loss

The Registrar General/Chief Executive Officer of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has allayed fears that some staff of the Commission might lose their jobs because of the ongoing digitisation of its registry operations.

A statement by Rasheed Mahe, Head, CAC’s Media Unit, quoted the…Read more

FG To Revisit Revenue Sharing Formula

The Federal Government has restated commitment to the review of the extant vertical revenue allocation formula to the three tiers of government in the country.

Alhaji Modu Aji, Commissioner, Revenue Mobilisation and…Read more

VAT Revenue Dips By N3.33bn In July

The Nigerian government’s Valued Added Tax (VAT) revenue for July was reduced by N3.33 billion.

A communiqué issued at the end of the virtual meeting of the…Read more

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