By Financescape The Debt Management Office (DMO) has announced another Sovereign Sukuk this year for an expected maximum amount of N200 – N250 billion to finance infrastructure and critical road projects across the country. The Nigerian government through the Debt management office commenced the issuance of Sukuk in September 2017 as a strategic […]
By Daniel Anomietei/Mediacraft Considering how technology has taken over the accounting profession, one major skill required for accountants to prepare for the future is adaptability. This was the viewpoint of David Lyford-Smith, Technical Manager in the Tech Faculty of ICAEW – the Institute of Chartered Accountants in England and Wales at the […]
By Daniel Anomietei/Mediacraft Grown From a Local to Global Brand Plans Press Launch on September 27, 2019. Monday, September 23, 2019. Ten years ago, Verve, a leading payments technology and card scheme business in Africa, was launched by Interswitch Group to reduce, if not eliminate, the burden of cash payment settlement […]
By Daniel Anomietei/mediacraft As another school year beckons, Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, has introduced a suite of educational payment products that will ease the burden of school fees which parents and guardians have to bear. Stanbic IBTC Bank PLC, being a Nigerian bank, specifically developed the […]
By Financescape The Nigerian Stock Exchange will be lunching a mobile application, According to information on its website Nigerian Stock Exchange (The NSE or The Exchange) is set to launch X-Mobile, a dynamic and user-friendly mobile app, to enhance investors’ participation in the Nigerian capital market. The NSE mobile app which is currently […]
By Hamisu B.S. The Central bank of Nigeria has observed the frequent requests from Development Finance Institutions (DFls) for special regulatory approvals to operate special purpose vehicles (SPVs) in furtherance of operational objectives. And the need for the DFls to be transparent in their financial reporting and remain focused on their core […]
By Financescape The Central Bank Of Nigeria Has issued a disclaimer on fraudulent loan offers. In a statement sign by CBN Director of Corporate Communications Isaac Okorafor CBN stated that its attention has been drawn to fraudulent messages in the social media circles requesting unsuspecting loan seekers and owners of the small-scale business […]
By Financescape The Federal Inland Revenue Service (FIRS) issued a Public Notice today, 14 August 2019, directing taxpayers, particularly companies in the Fast Moving Consumer Goods sector, to deduct and remit withholding tax and value-added tax on the “compensation” due to their distributors, dealers, and agents. The FIRS defines “compensation” to include commission, […]
By Financescape Securities and Exchange Commission has announced the commencement of verification of claims of unpaid investors of Dantatahe Success and profitable company. SEC announced that Sequel to the appointment of joint Administrators/Trustees for Dantata Success and Profitable Company by the Securities and Exchange Commission (SEC) pursuant to section 13 and 173 of the […]
By Financescape The Nigerian Bureau of Statistics has released the consumer price Index June 2019 report. The consumer price index (CPI) which measured inflation increased by 11.22% (year-on-year) in June 2019, This is o.18% points lower than the rate recorded in May 2019 (11.40%), the increase was recorded in all COICOP divisions that […]
By Financescape Nigeria Investment Promotion Commission has released a report on the Pioneer status incentive applications processed for Q2 2019 from 01 April to 30 June 2019. The report indicated that a total of 24 new PSI applications were received out of which 10 applications were granted approvals in- principle for the period. No application […]
