Finance

FG plans lower tax rate for MSMEs

THE Minister of Finance, Kemi Adeosun, last week said that the federal government will propose reduction in the income tax rate applicable to the Micro, Small and Medium Enterprises, MSMEs, as an incentive to encourage compliance and promote the sector.…

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Finance

No plans to amend Forex Act – CBN

The Central Bank of Nigeria (CBN) yesterday said it was not planning to amend the Foreign Exchange Act or recommend jail term for anyone that holds the dollar for more than 30 days. Acting Director, Corporate Communications Department, Mr. Isaac…

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Finance

CBN to provide N750bn Boost for BoA

The Central Bank of Nigeria, CBN is to provide about N750bn for the recapitalization of the Bank of Agriculture before the end of next year, the Federal Government has said. According to the government, the restructuring and recapitalization of the…

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