Following Monday’s commencement of the Central Bank of Nigeria (CBN) directive to Deposit Money Banks (DMBs) to sell foreign exchange to customers, for invisibles such as basic travel allowance, PTA, medical and tuition etc, the Bank has assured members of the banking public that the CBN will monitor the...
The Accountant General of the Federation, Ahmed Idris has reaffirmed the commitment of the Federal Government to prompt payment of salaries and the general welfare of workers.
Director, Information, Press and Public Relations, OAGF, Henshaw Ogubike in a statement said, Idris stated this while interacting with the leadership of the...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again voted to retain the Monetary Policy Rate (MPR) at 11.5 percent and hold all policy parameters constant.
Rising from its meeting in Abuja, Tuesday, the CBN governor, Mr Godwin Emefiele announced that the Committee decided by...
Ahead of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) on Monday, July 26 – Tuesday, July 27, 2021, the financial regulator has reiterated the resilience, safety and soundness of Nigerian Deposit Money Banks (DMBs) and other financial institutions under its supervision.
Speaking with journalists...
The National Industrial Court, Abuja Judicial Division has stopped the National Nigeria Civil Service Union (NCSU) from either picketing the offices of the Federal Inland Revenue Service (FIRS) nationwide or calling for a strike at any of the Service’s offices across Nigeria.
Director, Communications and Liaison Department, FIRS, Abdullahi Ismaila...
The Board of the Federal Inland Revenue Service (FIRS) has announced the dissolution of Nigeria Civil Service Union (NCSU), FIRS Unit whose Exco was purportedly made up of senior staff of FIRS, for reasons outlined in an official announcement circulated to all staff which reads as follows:
In line with...
The Federation Accounts Allocation Committee (FAAC) has shared a total of N733.095 billion as June 2021 Federation Account Revenue to the Federal, States and Local Governments Councils.
This was contained in a communiqué issued at the end of the virtual meeting of the Federation Account Allocation Committee (FAAC) for July...
Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has enjoined tax authorities across the West African Sub-Region to step up their efforts towards generating higher tax revenues for their respective countries to accelerate development in the Sub-Saharan Africa.
The Director, Communications and Liaison Department, FIRS, Abdullahi Ismaila Ahmad in...
African Export-Import Bank (Afreximbank) and Standard Chartered today announced an agreement for Standard Chartered to provide USD 200m of not-for-profit funding towards Afreximbank’s structured framework to help finance the acquisition of COVID-19 vaccines for African nations.
The collaboration between Standard Chartered and Afreximbank will help ensure that 55 countries across...
Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has urged the Kano business community and other taxpayers in the country to continue to take advantage of cutting-edge technologies the Service has deployed recently to pay their taxes as and when due.
Nami also charged members of staff of the...
