• FG To Launch Economic Recovery Plan February

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    Vice President Yemi Osinbajo has said the federal government will soon launch a national economic recovery growth plan in line with its focus at the empowerment of more Nigerians using the administration’s Social Investment Programmes. Professor Osinbajo made the statement in Davos, Switzerland, yesterday where he is attending this year’s edition of the World Economic…

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    2017: 7 Banks May Seek Merger Over Worsening Liquidity

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    The liquidity crisis in the country may lead to the merger of at least seven commercial banks, which according to experts, are having a rough time. Others it was gathered, may need to recapitalise this year in order to mitigate the effects of the challenges facing the banking sector. Sources in the sector disclosed that…

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  • FG To Review Trade Policy To Improve Confidence In Economy

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    The federal government will soon review her trade policies this year in order to revamp the nation’s economy with a focus on creating an enabling business environment and improve confidence in the economy. The government has also started identifying the countries with which it will negotiate Free Trade Areas (FTAs) in 2017. According to reports,…

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  • Why Staff Promotion Exam Took Place In Abuja–DG

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    In reaction to the issues that trailed the conduct of the recent promotional exam for staff of the commission, Director General and Chief Executive Officer of the National Lottery Regulatory Commission (NLRC), Mr. Adulfus Joe Ekpe has said the commission was acting on a directive from the office of the Secretary to the Government of…

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    CBN, SEC Issue Guidelines On Securities Settlement

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    As part of their statutory mandate of promoting and facilitating the development of efficient and effective systems for settlement of transactions in the country, the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) on Thursday issued guidelines for the settlement of all types of securities in the country. The guidelines set…

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    CBN Issues Guidance Note To Banks On IFRS 9 Implementation

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    The Central Bank of Nigeria (CBN) has issued an initial Guidance Note on the implementation of International Financial Reporting Standard 9 (IFRS), in the Nigerian banking sector to all financial institutions in the country. The Guidance Note communicates supervisory expectations for the implementation of the new standard, especially in areas where banks are expected to…

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    99.9% Of Nigerians In Diaspora Are Tax Compliant – Fowler

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    Chairman of Nigeria’s tax agency, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler has said 99.9 per cent of Nigerians in the diaspora are tax compliant. He also disclosed that there are consequences for defaulters of tax laws.Fowler who said Nigerians both home and abroad are law abiding also disclosed that the country’s citizens in…

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