archiveOctober 4, 2019

  Data released by the Federal Internal Revenue Service (FIRS) on Thursday has revealed that its revenue generation from the 36 states of the federation rose from N800.02 billion in 2016 to N1.6 trillion in 2018, representing a 46.11 per cent rise. FIRS Chairman, Mr. Babatunde Fowler, who also chairs...

  The Central Bank of Nigeria (CBN) has clarified that the deductions on some banks’ Cash Reserve Ratio (CRR) were not a fine but a punitive measure for their failure to abide by the regulator’s directive on the new lending regime of 60 per cent deposits to them. The clarification...