FAAC shares N2.43trn among FG, states, LGs
•As CIT, CGT, stamp duties, VAT collections decline By Emma Ujah The Federation Account Allocation Committee (FAAC) has shared N2.428 trillion among the three tiers of government, Federal Government, state governments and local government councils. This comes as collections from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties and Value Added Tax (VAT) […]
PFAs invest 70% of N7.41tr pension assets in FG securities
PENSION Fund Administrators (PFAs) have invested N6.28 trillion out of the N7.41 trillion pension assets in Federal Government’s securities, as at the end of November 2017.
Appraising 2017 performance of Nigeria Customs Service
Analysts have bemoaned the 2017 performance of the Nigeria Customs Service, putting it below the performance in previous years. In this report, SAMSON ECHENIM writes that the prevailing policy environment formed a major consideration, while looking forward for a better performance in the current year.
Why MfBs charge high interest rate – Accion MfB boss
Newly appointed Managing Director of Accion Microfinance Bank, MfB, Mr. Taiwo Joda in this interview explains the factors that influence the high interest rate charged by microfinance banks (MfBs). He however expressed optimism that the trend would abate as more intervention funds are made available to MfBs. Excerpts:
Electricity: The high cost of living in darkness
AS was often the case in the past, officials of the Eko Electricity Distribution Company, EKEDC, recently stormed the popular Festac Town in Lagos for another round of mass disconnection due to what they claimed was the continued refusal by the residents to pay their electricity bills. But it was a mission that almost turned into a tragic misadventure.
Analysts project profit taking equities market this week
As investors gain N1.5trn in 5 days Stories by Peter Egwuatu FINANCIAL Analysts have predicted that the equities will be characterised with profit taking from investors this week as the six-day impressive rally in the Nigerian Stock Exchange, NSE was halted Friday last week. The uptrend in market performance from the prior week was sustained […]
