Click here to view circular By InvestAdvocate Lagos (INVESTADVOCATE)-As part of efforts to boost its revenue base, the Federal Government of Nigeria through the Central Bank of Nigeria (CBN) has directed all Deposit Money Banks (DMBs) and financial insitutions to charge N50 stamp duty on Banks customers in respect of […]
Tag: Central Bank of Nigeria
Nigeria’s Buhari requests withdrawal of 2016 budget to make changes – sources
Sun Jan 17, 2016/Reuters By Julia Payne and Felix Onuah Nigerian President Muhammadu Buhari has written to parliament requesting the withdrawal of the 2016 budget in order to make changes, sources at the presidency and Senate said on Sunday. Buhari unveiled the budget for Africa’s biggest economy in December, which […]
Foreign reserves drop by $396m in two weeks
January 17, 2016/Punch The stoppage of foreign exchange sale to Bureau De Change operators has failed to prevent massive decline of the nation’s foreign reserves, which dropped by $108m three days after the move by the Central Bank of Nigeria. The rate at which the reserves fell in the three […]
