Slowing progress on government reforms before 2015 elections in Nigeria, Africa’s second-largest economy, is keeping the country from getting a better credit rating, according to Fitch Ratings. “We are clearly in a pre-election period now in Nigeria and we have seen a slowdown on the reform front,†Richard Fox, Fitch’s […]
World News
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 […]
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 […]
