Debt Management Office to Issue N200 – N250 billion of Sovereign Sukuk in 2021

    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 […]

Bitcoin Slip below 43,000 dollars as Elon Musk Implied in a Twitter Exchange on Sunday That Tesla Inc May have or sold its Bitcoin Holdings.

    By Financescape     The price of Bitcoin Tumble for the first time in almost three months after the billionaire owner of the electric-car maker Tesla Inc agreed with a Twitter post that said Tesla should divest its 1.5 Billion dollars stake in Bitcoin.   Since then the price of Bitcoin has continued […]

To Prepare For The Future, Accountants Must Be Skilled in Adaptability – ICAEW

    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 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 […]

Beware of fraudulent loan offers-CBN

  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 […]

FIRS Public Notice on deduction at source of WHT and VAT on compensation paid to agents, dealers, distributors and retailers by principal companies

  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, […]

SEC Commence Verification of Claims of Unpaid Investors of Dantata Success and Profitable Company

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 […]