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The Nigeria’s government generated the sum of N275 billion from sales tax otherwise call value added tax in the third quarter of financial year 2019.
The Nigerian Bureau of Statistics (www.nigeriastats.com) made this known in its Sector Distribution of VAT for 2019 third quarter report in Abuja on Monday.

N5 trillion Debt: AMCON urged To Declare Public Officials On Debtor List Bankrupt- A legal consultant and Senior Partner, Olaniwun Ajayi -LP, Mr Muyiwa Balogun has challenged Asset Management Corporation of Nigeria (AMCON) www.amcon.com.ng and Judges of the Federal High Court of Nigeria (FHC) to leverage the 2019 Amended AMCON Act and declare AMCON obligors who are holding public office bankrupt.

The Central Bank of Nigeria (www.cbn.gov.ng) has injected 323.5 million dollars into the retail Secondary Market Intervention Sales (SMIS) for its last intervention for November.

Experts ask NSE to diversify products, include short selling for price discovery. Some investment experts are asking the Nigerian Stock of Exchange to diversify products and include short selling for enhance price discovery in the market.

The World Bank Group (www.worldbank.org) says Nigeria is improving on the provision of digital platforms for services.

The Federal Mortgage Bank of Nigeria (www.fmbn.gov.ng) has released about N5.4 billion to some cooperative societies to build 664 houseing units.

Analysts at WSTC Securities Limited (www.wstc.com.ng) have revealed that the monetary authority’s heterodox policies are yielding results. They added that Monetary Policy Committee’s decision would attract foreign and as well retains flows.

The Monetary Policy Committee of the Central Bank of Nigeria (www.cbn.gov.ng) has hold key rates, as leadership of the apex bank wants border to remain close.

Capital import declines as investors engrave in low beat sentiment. The amount of capital injected into the economy in the third quarter of 2019 stood at $5.36 billion, the National Bureau of Statistics (www.nigeriastats.gov.ng) said.

Forte Oil Plc on Monday notified its shareholders of plans for a name change to Ardova Plc.