May 21, 2024/Cordros Update The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at today’s policy meeting, voted to: Raise the MPR by 150bps to 26.25% (Previously: 24.75%) Retain the asymmetric corridor at +100bps/-300bps Retain CRR at 45.0% and Retain liquidity rate at 30.0% Full report to […]
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FAAC Distributions: A Modest Month-on-Month Rise in April 2024
May 20, 2024/FBNQuest Research The Federal Account Allocation Committee (FAAC) published its latest monthly communiqué on the federation’s revenue distribution. According to the report, the gross monthly distribution to the three tiers of the government amounted to N1.2trn (USD784.4m) in May 2024 (from April 2024 revenue). The gross payout for […]
SEC Issues Exemptive Order Providing Additional Time for Certain Registrants to File Quarterly Reports in Light of BF Borgers Permanent Suspension
May 20, 2024/US SEC The Securities and Exchange Commission today provided exemptive relief to certain registrants affected by the permanent suspension of BF Borgers CPA PC and its owner, Benjamin F. Borgers (together, “BF Borgers”), from appearing and practicing before the Commission as an accountant. It is expected that registrants […]
