Author: InvestAdvocate

Tax Evasion Major Risk to Governments Revenue-IMF

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The International Monetary Fund (IMF) Tuesday said international tax avoidance and evasion have emerged as major risks to government revenue and as threats to the credibility of tax systems in the eyes of citizens— in both advanced and developing countries.   Christine Lagarde, Managing […]

NSE to review market indices

The Nigerian Stock Exchange has announced its readiness to review the composition of its five-sector indices in the equities market. The indices are NSE Banking, NSE Consumer Goods, NSE Oil & Gas, NSE Industrial and NSE Insurance. A statement by the Exchange on Tuesday noted that the composition of the […]

Money laundering: CBN extends deadline for customers’ appraisal

The Central Bank of Nigeria on Tuesday extended the deadline given to Designated Non-Financial Businesses and Professions to update their account information with evidence of registration, towards fulfilling the Know-Your-Customer requirement. The regulator said KYC requirement was expected to enable the regulator to check money laundering and other malpractices in […]