BUSINESS & ECONOMY

BUSINESS & ECONOMY

CBN
BUSINESS & ECONOMY COVER NEWSLETTER

A new policy statement from the Central Bank of Nigeria (CBN) yesterday banned commercial banks and other authorized dealers from accepting Bills for Collections as means of payment ...
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FIRS
BUSINESS & ECONOMY COVER

The Federal Inland Revenue Service (FIRS) says it will begin to impose value-added tax (VAT) on online transactions, both domestic and international, with effective from January 2020. Babatunde ...
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PwC
BUSINESS & ECONOMY COVER

On August 23, 2019, the US Federal Bureau of Investigation (FBI) said it apprehended 80 persons for cyber fraud — 77 of which were considered Nigerians. A week earlier, ...
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Jumia
BUSINESS & ECONOMY NEWSLETTER

Jumia Technologies AG (NYSE: JMIA) (Jumia or the Company) has announced its financial results for the quarter ended June 30, 2019. We continue to deliver on our financial ...
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Nigerian Stock Exchange
BUSINESS & ECONOMY COVER NEWSLETTER

It will go down in history that MTN Nigeria Communications spent two days as the largest company by market capitalization on the Nigerian Stock Exchange (NSE). At the close ...
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Nigerian Stock Exchange
BUSINESS & ECONOMY COVER

The Nigerian Stock Exchange (NSE) Wednesday delisted Skye Bank Plc and Fortis Microfinance Bank Plc following approval from the National Council of the exchange. In a notification to ...
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The stock market returned to bearish mode yesterday as the Nigerian Stock Exchange (NSE) All-Share Index fell by 0.21 percent to close at 27,058.62, after opening the week ...
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PwC
BUSINESS & ECONOMY COVER NEWSLETTER

The PriceWaterhouse Cooper (PwC), a multinational professional auditing firm, has predicted that diaspora remittances to Nigeria will reach $25.5 billion by the end of the year and $34.8 ...
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Nigeria's FX Market
BUSINESS & ECONOMY COVER NEWSLETTER

The Anti-Corruption and Transparency Monitoring Unit has called for transparency and ethical dealing in the Nigerian forex markets trading. The group stressed that transparency and ethical dealings would ...
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Buhari
BUSINESS & ECONOMY COVER

The presidency yesterday clarified that President Muhammadu Buhari has not banned or restricted food importation. The presidency, in a letter to the Editor of Financial Times over its ...
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Nigerian Stock Market
BUSINESS & ECONOMY COVER NEWSLETTER

The Nigerian Stock Exchange (NSE) All-Share Index (ASE) fell below the 27,000 threshold to 26,925.29 last week following the free-fall the stock market has been experiencing. The continued ...
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Discos Reject FG's Plan
BUSINESS & ECONOMY COVER NEWSLETTER

Electricity distribution companies (Discos) yesterday kicked against the reported plans by the federal government to buy back their distribution assets, describing it as undesirable. The Discos said through ...
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VAT on Online Shopping
BUSINESS & ECONOMY

Mixed reactions have trailed the proposed plan by the Federal Government to slam a five percent Value Added Tax (VAT) on goods bought online. Experts told the News ...
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Nigeria's Inflation
BUSINESS & ECONOMY COVER

The Consumer Price Index (CPI) which measures inflation dropped to 11.08 percent (year-on-year) in July compared to 11.22 percent in June, according to the National Bureau of Statistics ...
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Moody's
BUSINESS & ECONOMY COVER NEWSLETTER

While most Sub-Saharan African (SSA) sovereigns plan to consolidate their budgets to stabilize debt, they are now more vulnerable to potential negative economic and financing because they are ...
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Nigerian Stock Market
BUSINESS & ECONOMY COVER NEWSLETTER

Most stocks hit two-year slump The Nigerian equity market is offering long-term investors opportunities to invest as most of the stock prices have declined significantly below their opening ...
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FIRS
BUSINESS & ECONOMY COVER NEWSLETTER

The Federal Inland Revenue Service has said all companies must remit value-added tax and withholding tax by the 21st day of every month. It disclosed this in a ...
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Moghalu
BUSINESS & ECONOMY COVER NEWSLETTER

Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN), has criticized President Muhammadu Buhari over his directive to the apex bank to halt foreign exchange ...
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CBN
BUSINESS & ECONOMY COVER NEWSLETTER

Says Nigeria has attained food security President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to stop providing foreign exchange for importation of food into the ...
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The Naira on Thursday was sold at N359.3 to the dollar at the parallel market in Lagos. The Pound Sterling and the Euro closed at N450 and N396, ...
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