Tinubu’s Economic and Financial Reforms: Gains, Pains, and Missed Targets
CBN also implemented wide ranging foreign exchange reforms, chiefly the elimination of multiple exchange rates to curb arbitrage, enhance transparency and boost investors’ confidence.
ACCOUNT MAINTENANCE: Banks’ customers pay N25bn in Q1’22
…as earnings from fees, commission rise 48% By Elizabeth Adegbesan Customers of leading commercial banks in Nigeria paid N25.1 billion as account maintenance fee in the first quarter of this year (Q1’22). This represents a 17 percent year-on-year (YoY) increase when compared to N21.4 billion the customers of those banks paid in corresponding period of […]
Why Nigeria’s National Plans fail
By Dele Sobowale “Planning is a process by which you continuously create your own future.”Roger Fritz, in Entrepreneur 1996. Every serious plan should have at least one goal in mind. A National Development Plan, NDP, ideally sets many development goals at once. It is always best if the goals are all very complimentary. Albert Einstein, […]
Financial advisory critical in combating tax issues — Oguntayo
By Nkiruka Nnorom On the backdrop of billions of Naira lost annually by the government to tax evasion and avoidance, a financial expert, Mr. Timothy Oguntayo, has indicated that proper financial advisory and tax planning are necessary tools to combat the growing list of tax problems in the country. Oguntayo, who was the former Chief […]
FG steps up efforts to end secret ownership of companies
By Obas Esiedesa, Abuja The Federal Government is working on the beneficial ownership register that would see an end to secrete ownership of companies in Nigeria. The Minister of State Budget and National Planning, Prince Clem Agba, disclosed this yesterday in Abuja when he received a team from the Nigeria Extractive Industries Transparency Initiative (NEITI), […]
Food prices drive inflation to 16.8%, analysts project further rises
By Elizabeth Adegbesan Analysts in the financial sector have projected further inflationary pressure in the coming months, even as inflation maintained an uptrend for the third consecutive month in April to 16.82 per cent. They cited the sustained pressure on food prices and energy costs on the back of the Ukraine-Russia conflict. In its Consumer […]
