Tag Archives Finance

Kenya Plans Reintroduction of Betting Ta...

Kenya Plans Reintroduction of Betting Tax

The government of Kenya has concluded plans to reintroduce taxation of betting companies within six months following a public outburst over cancellation of the 20 percent duty in the Finance Bill 2020. Ukur Yatani, Treasury Cabinet Secretary heaped blame on the Parliament, referencing lobbying of... read more »

CBN's Targeted Credit Facility for Covid-19 - Fraud or Incompetence?
CBN’s Targeted Credit Facility for...

CBN’s Targeted Credit Facility for Covid-19 – Fraud or Incompet...

When the CBN (Central Bank of Nigeria) announced that it was going to be making about N50 billion available as loans to businesses in what it called the “Targeted Credit Facility for Covid-19”,  a lot of business owners saw it as a lifeline with which to revive their failed or failing... read more »

Nigerian Farmers to Get $1.1 Billion Loan Intervention from CBN
Nigerian Farmers to Get $1.1 Billion Loa...

Nigerian Farmers to Get $1.1 Billion Loan Intervention from CBN

The Central Bank of Nigeria (CBN) has said it plans to empower farmers with N432 billion ($1.1 billion) intervention loan to upscale food production during the planting season. The apex bank said through its Twitter handle on Thursday that about one million farmers will be given loan to cultivate... read more »

Nigeria Secures $288.5m African Developm...

Nigeria Secures $288.5m African Development Bank Loan

Nigerian has gotten approval for $288.5m loan from African Development Bank (AfDB) to cushion the impact of coronavirus and the drop in the price of crude oil. Africa’s largest economy – Nigeria, has been battling with growing cases of COVID-19 with an infection rate of 12,233 cases and 342... read more »

Nigeria’s Impending Debt Default: A looming African Disaster
Nigeria’s Impending Debt Default: A loom...

Nigeria’s Impending Debt Default: A looming African Disaster

In 2018, a BusinessDay editorial sounded the alarm about the prodigious growth of Nigeria’s debt profile at a time when government revenues were either flat or shrinking. In a response very typical of the present administration, the Debt Management Office fired off a dismissive rejoinder... read more »

Nigeria: EFCC Arrests Youth Corps member, NAU Graduate for Internet Fraud

Nigeria: EFCC Arrests Youth Corps member, NAU Graduate for Internet Fraud

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, has arrested the duo of Ademola Babajide Adeniyi, a serving youth corps member, and Onabuke Adedokun Kenny, a... read more »

Nigeria: EFCC Arrests Man for Alleged N150m Money Laundering

Nigeria: EFCC Arrests Man for Alleged N150m Money Laundering

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, has arrested one Nelson Emuobosa Omo-Ode, for alleged money laundering. Omo-Ode, a 32, Business Administration... read more »

Development: Reps Member Harps on Payment of Tax

Development: Reps Member Harps on Payment of Tax

A member, House of Representatives, Hon. Jide Jimoh on Wednesday called on the corporate organizations, business groups and Nigerians to pay tax for the development of the Local governments... read more »

We are Looking at the Possibility of Starting the Kwara Version of Trader-Moni - AbdulRazaq

We are Looking at the Possibility of Starting the Kwara Version of Trader-Moni – Abd...

The Kwara State Governor AbdulRahman AbdulRazaq has affirmed his position to understudy the TraderMoni programme of the Federal Government to extend soft loans to traders in Kwara version... read more »

Nigeria: Pension Fund Administrators Exploiting Pensioners

Nigeria: Pension Fund Administrators Exploiting Pensioners

Nigerian workers have been faced with different challenges over the years. All of these challenges hinge around government’s insensitivity to their plight. We have heard stories of pensioners... read more »