1. CBN suspends charges on large cash deposits
The Central Bank of Nigeria, CBN, has suspended charges on cash deposits above the regulatory limits of N500,000 for individuals and N3,000,000 for corporate account holders.. Read more
Source: https://www.vanguardngr.com/2023/12/cbn-suspends-charges-on-large-cash-deposits/amp/
2. Nigeria records N948.07bn VAT in Q3 2023 – NBSÂ
The National Bureau of Statistics said the aggregate Value Added Tax stood at N948.07b in Q3 of 2023… Read more
Source: https://punchng.com/nigeria-records-n948-07bn-vat-in-q3-2023-nbs/
3. CBN suspends processing fees on large cash depositsÂ
The Central Bank of Nigeria has suspended the processing fees on large cash deposits, a release by the Acting Director of Supervision, Dr Adetona Adedeji, on Monday revealed… Read more
Source: https://punchng.com/cbn-suspends-processing-fees-on-large-cash-deposits/
4. CBN says banks now responsible for loans recovery, suspends applicationsÂ
The Central Bank of Nigeria, CBN, has suspended applications for new loans under its development finance intervention funds. Also, banks are now responsible for recovering those already granted… Read more
5. Factory shutdown looms over high import duty, says reportÂ
More industries that are dependent on imported raw materials may shut down in coming months while Nigeria Customs Service revenue is expected to decline as imports through official channels become more difficult due to high import duty, a new research report has revealed… Read more
Source: https://punchng.com/factory-shutdown-looms-over-high-import-duty-says-report/
6. PFAs make N8tn profit from pension investments – ReportÂ
The Pension Fund Administrators have recorded N7.98tn profit from investing contributions made by workers into their Retirement Savings Accounts under the Contributory Pension Scheme, according to a new report… Read more
Source: https://punchng.com/pfas-make-n8tn-profit-from-pension-investment-report/
7. Budget: FG to spend N837bn on 2,254 roads, bridgesÂ
The Federal Government is planning to rehabilitate and construct 1,925 roads and highways across the country in the 2024 budget proposal, according to findings by The PUNCH… Read more
Source: https://punchng.com/budget-fg-to-spend-n837bn-on-2254-roads-bridges/
8. Banking index rises by 6% despite concerns over capitalÂ
During the past week, the banking index of the Nigeria Exchange Limited recorded the highest gain of 6.08 per cent week-on-week compared to other indexes on the local bourse as investors’ wealth grew by N66bn… Read more
Source: https://punchng.com/banking-index-rises-by-6-despite-concerns-over-capital/
9. Dangote Cement inducts graduate traineesÂ
Dangote Cement Plc says it has inducted 81 trainees in its Graduate Trainee Programme to boost employment in the country… Read more
Source: https://punchng.com/dangote-cement-inducts-graduate-trainees/
10. Remote work can reduce unemployment, say expertsÂ
Technology experts have stated that remote work has the potential to reduce unemployment in the country… Read more
Source: https://punchng.com/remote-work-can-reduce-unemployment-say-experts/
