Author: Marketforces Africa

FIRS says Stamp Duties collection lawful. The Federal Inland Revenue Service says that stamp duties collections on qualified transactions is a lawful. Debates on revenue collections from Stamp Duties between Federal tax authority and Nigerian Postal Service ( NIPOST) was brought to a close as FIRS

COVID-19: 16 states receive ₦1.6bn World Bank grant

SEC Boss Vows to Clamp down on Illegal Operators

Interbank funding rates dropped to single digits today as funding pressures eased substantially, thanks to open market operations (OMO) maturities totaling N180.6 billion that hit the system.

Brent Crude Price Drops to $45.01 amidst Uncertain Demand. Brent crude price drops to $45.01 per barrel earlier today amidst uncertainty around demand.  Oil prices fell Thursday as major producers warned of a risk to demand recovery if the coronavirus crisis is prolonged as U.S. crude inventories

How to Get Money Lending License in Nigeria

AXA Mansard Earnings Lift, Prospect Earned Analysts’ Buy Recommendation. Mansard Insurance Plc. (MANSARD) recorded a marked year on year growth of 15.52% in the first half of 2020, as gross premium income rose to ₦22.73 billion.

Ecobank Nigeria Launches Business Banking App – Omni Lite App Ecobank Nigeria has launched an Application for Businesses. Known as Omni Lite App, it is targeted at enhancing the banking experience of its large pool of Commercial Banking customers. The Ecobank Omni Lite App is a highly secure, world-class and integrated electronic banking platform designed to help Clients manage their Business accounts online in a secure, flexible, efficient and convenient manner. It is a fully integrated multi-geography, multi-lingual and multi-currency online, web-based cash management platform. The App is being launched by the Ecobank Group across 33 countries in Africa where…

Interbank Debit: Banks Recovered ₦50.32m from Loans Defaulters in 9days

Price Instability Threatens CBN’s Single Digit Inflation Target:Persistent rise in average prices of goods is putting pressure on household income, couple with the fact that unemployment rate is at worst level since 2010.Analysts have again projected that the dust is yet