The Central Bank of Nigeria https://www.cbn.gov.ng/ has directed deposit money banks (DMBs) to reduce automatic teller machine (ATM) charges to N35 from N65 effectively from January, 2020.

Lafarge appoints El Dokani as GMD. Lafarge Africa Plc. www.lafarge.com.ng has announced the appointment of Khaled Abdelaziz El Dokani as Group Managing Director and Chief Executive Officer.

FIRS serves tax defaulters notice. The Federal Inland Revenue Service (FIRS) www.firs.gov.ng has served a seven-day notice to tax defaulters across the country.

Nigeria’s headline inflation hit 11.85%. The National Bureau of Statistics (NBS) www.nigerianstat.gov.ng said inflation increased by 11.85% year on year in November 2019.

FBNQuest estimates 30% Debt to GDP, say policies convergence long overdue. Analysts at FBNQuest Capital www.fbnquest.com have shown their support for monetary and fiscal policies convergence towards pushing strategic economic course that would find equilibrium solution for prosper

Banks 65% LDR target marks yields crashing unsustainable – FBNQuest | FBNQuest Capital has stated that the crashing yield in the fixed income market may not be sustainable because of banks’ loans to deposit ratio requirement.

Equities investors gain N76. 7 billion as All-Share-Index grows 60 basis points. The performance of the equities market strengthened on Monday as equities investors gained N76.7 billion.

How foreign companies in Nigeria can reduce negative tax incidence…

NNPC declares N5.20 billion trading surplus| The Nigerian National Petroleum Corporation (NNPC) www.nnpcgroup.com has said that it made ₦5.20 billion trading surplus for the month of August. Compare with July, 2019 this translate to a 22% increase from ₦4.26 billion.

Year-to-date loss worsen as stock market cap drops to N12.8 trillion