1. Govt to shut online banks pestering debtors
The Federal Competition and Consumer Protection Commission has said it will delist any loan application harassing customers and ask Google to permanently delete such apps from its app store… Read more
Source: https://punchng.com/govt-to-shut-online-banks-pestering-debtors/
2. Banks in earnings windfall under high interest rate regime
There are indications that banks are reaping huge returns from the rising interest rate environment following Central Bank of Nigeria, CBN, inflation targeting interest rate regime… Read more
Source: https://www.vanguardngr.com/2023/07/banks-in-earnings-windfall-under-high-interest-rate-regime/
3. Nigeria’s capital importation drops to $1.13bn, Lagos tops destination list
Lagos State attracted the highest capital importation by states in the first quarter (Q1) 2023, as Nigeria’s total capital importation stood at $1.13 billion in the same quarter… Read more
4. International Centre warns FIRS against increased tax burden
The International Centre for Tax Research and Development has warned the Federal Inland Revenue Service to restrict from introducing of multiple taxes in Value Added Tax as well as increasing the tax burden on the consumers… Read more
Source: https://punchng.com/international-centre-warns-firs-against-increased-tax-burden/
5. ‘IFRS 17 implementation’ll boost perception of insurance’
Leadway Assurance Company Limited has said that investors as well as shareholders of insurance companies are set to experience a rebranded sector following the adoption of International Financial Reporting Standard, IFRS, by insurance operators… Read more
Source: https://www.vanguardngr.com/2023/07/ifrs-17-implementationll-boost-perception-of-insurance/
6. Public Debt: ICAN advocates anti-borrowing approach to development
THE President, Institute of Chartered Accountants of Nigeria (ICAN), Innocent Okwuosa, has said that the nation has the capacity to source funds for development instead of external borrowing… Read more
7. Banks in earnings windfall under high interest rate regime
There are indications that banks are reaping huge returns from the rising interest rate environment following Central Bank of Nigeria, CBN, inflation targeting interest rate regime… Read more
Source: https://www.vanguardngr.com/2023/07/banks-in-earnings-windfall-under-high-interest-rate-regime-2/
After a momentary relapse in the second week of last month, the stock market has returned to its bullish momentum and positive sentiment with investors gaining over N1.12 trillion in five trading days of last week on the Nigerian Exchange Limited, NGX… Read more
Source: https://www.vanguardngr.com/2023/07/stock-market-resumes-bullish-trend/
9. Monthly fuel consumption drops by 18.5million litres after deregulation – FG
The volume of Premium Motor Spirit, popularly called petrol, that was consumed across the country in the first half of 2023 is 11.26 billion litres, the Federal Government has said… Read more
Source: https://punchng.com/monthly-fuel-consumption-drops-by-18-5million-litres-after-deregulation-fg/
10. Independent petroleum marketers decry pipeline vandalism
The Independent Petroleum Marketers Association of Nigeria, Ejigbo Satellite Depot, has raised alarm over incessant activities of pipeline vandalism at Idimu, Alimosho Local Council Development Area of Lagos… Read more
Source: https://punchng.com/independent-petroleum-marketers-decry-pipeline-vandalism/
