Okafor said that funds advanced to end users of the various Federal Government interventions had also been allegedly misused, misapplied and channelled to non-farming and non-agricultural purposes.
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“The key changes introduced are to address the identified challenges and specifically include the exemption of small businesses from withholding tax compliance; reduced rates for businesses with low margins; exemptions for manufacturers and producers such as farmers; measures to curb evasion and minimise tax avoidance and the ease of obtaining credit and utilisation of tax deducted at source.”
“At Polaris Bank, sustainability is not just a catchphrase. It is our ethos. It is a journey in which we are committed to walk in with conviction.
Cardoso emphasized the importance of closely monitoring the trends, risks, and innovations within NBFIs/OFIs, noting that their rising transactions volumes pose potential threats to the stability of the financial system.
This trend signals the first month of stable exchange rates since the Central Bank of Nigeria (CBN) implemented a series of reforms in the foreign exchange sector.
Deposit Money Banks (DMBs) have received fresh guidelines from the Central Bank of Nigeria (CBN) on the deposit of foreign…
The NGX gained 0.67% today, as the ASI closed at 100,057.49, marking a 661.26-point increase from yesterday’s 99,396.23 points. Equities gained N372 billion as the market capitalization closed at N56.602 trillion, up from the previous N56.228 trillion.
According to the auction result by the Debt Management Office (DMO), the auction attracted significant investor interest, with the total subscription amounting to N773.98 billion, far surpassing the total offer of N228.72 billion.
The first project, “Strengthening Zambezi River Basin Management towards Climate Resilience and Ecosystem Health,” has been allocated $10.57 million.
He highlighted the need for Africa to identify areas of competitive advantage in producing goods and services efficiently to unlock its full potential.