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Experts Seek National Data Protection Act as EU GDPR Takes Effect Today

Cyber security experts in Nigeria have urged regulatory authorities in the ecosystem to come up with a national data protection act to prevent organizations in the country from revenue loss and [...]

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Nigeria’s Accelerating Growth Trajectory under Threat by Weak Bank Lending

As the Nigerian economy continues to accelerate, analysts have cautioned that weak Bank lending, especially to the real sector may derail projected growth trajectory. “The main challenges for [...]

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Telecoms Firms Threaten Tariff Hike over CBN-Imposed Fee

Telecommunications companies have rejected a recent directive by the Central Bank of Nigeria (CBN) mandating Banks to impose 0.005 per cent levy on all electronic transactions, proceeds of which [...]

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CBN Laments Idle Data at Banks, Tasks Fintech on Utilisation

The Central Bank of Nigeria (CBN) is worried about the non-utilisation of data at Banks, saying they are not being utilised adequately by the financial institutions. As such, the Apex Bank has [...]

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FG Moves to Review Tax Laws to Woo Investors

The Federal Government is making moves to review the country’s tax laws as part of efforts to attract investors and create an enabling environment for businesses to thrive. The Minister of [...]

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DOUBLE TAX COMPLIANCE TO GDP RATIO TO 50%, IMF TELLS NIGERIA

The International Monetary Fund, an arm of the World Bank Group tells Nigeria to double her tax compliance to GDP ratio from 25 per cent to 50 per cent. Amine Mati, head of IMF in Nigeria, said [...]

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EXPERTS OPTIMISTIC ABOUT ECONOMY DESPITE CHALLENGES

Despite challenges faced by the Nigerian economy recovering from recession, experts within the financial and investment sector have expressed optimism in the growth of business activities in the [...]

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CRUDE PRICES RISE ABOVE $80 FOR FIRST TIME SINCE 2014

Benchmark Oil contract Brent North Sea briefly surged above $80 a barrel Thursday, hitting its highest level since late 2014 and extending a recent run fuelled by tight supply concerns. European [...]

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41 ITEMS STILL BANNED UNDER NIGERIA-CHINA CURRENCY SWAP DEAL – CBN

The Central Bank of Nigeria (CBN) said the Nigeria-China currency swap deal would not cover the importation of the 41 items banned in its 2015 circular on items not valid for Foreign Exchange. [...]

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N360BN TAX LIABILITY: Evaders Have Two Months Left to Pay Through VAIDS or Risk Severe Punishment — FG

The Federal Government launched the Voluntary Asset and Income Declaration Scheme (VAIDS) on June 29, 2017 to address the problem of low tax compliance in the country and to generate the [...]

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