NASS sends Business Facilitation Bill to Buhari
Following the passage of the Business Facilitation Bill 2022 by the National Assembly, the Clerk has transmitted the bill to the President,…
Policy and Regulations
Leading source of information about government policy and regulations and the private sector
FG to introduce 0.5% import levy to cushion debt servicing
The Federal Government has said plans are in place to commence a 0.5% levy on imported goods to raise funds to meet…
Digital currency won’t eliminate naira notes – CBN
The Central Bank of Nigeria on Saturday disowned the statement credited to one of its staff that it would withdraw naira notes…
Money Laundering Act: Banks, firms to pay N1m daily for suspicious transactions
As part of its fresh move against money laundering, the Federal Government has enforced a fine of N1m per day for any…
CBN issues open banking guidelines to enhance competition
The Central Bank of Nigeria has issued the regulatory framework for Open Banking in Nigeria in its efforts to enhance competition and…
FG extends money laundering law to casinos, others
The Federal Government has introduced stricter regulations in the operation of casinos in Nigeria, as part of its fresh move against money…
Over 50 companies shut down over forex, power crises
More than 50 Nigerian manufacturing companies have shut down in the last five years, according to investigations. Some of the manufacturing companies…
FG grants three-year tax relief to 33 companies, bars 10 firms
The Federal Government approved the application of 33 companies seeking pioneer status under the Industrial Development Income Tax Act in 2021. This…
Two million people’ll start receiving N20bn monthly from June -FG
Two million people will start receiving about N20bn from June this year as basic cash transfers and conditional cash transfers under the…
Senate threatens Akpabio, NDDC boss arrest over N2.2bn contractors’ fees
THE Senate’s Committee on Ethics, Privileges and Public Petitions has summoned the Minister of Niger Delta Affairs, Godswill Akpabio, and the Sole…
Commission freezes over 30 accounts of loan sharks
The Federal Competition and Consumer Protection Commission says it has frozen no fewer than 30 bank accounts operated by illegal loan organisations.…
Enforce use of coins, Reps urge CBN
The House of Representatives has urged the Central Bank of Nigeria to “reinforce the use of coins as a legal tender and ensure…