finance
-
The European Central Bank on Thursday confirmed expectations of a 50 basis point interest rate increase, taking its key rate to 2.5%. In a statement, it pledged to “stay the course in raising interest rates significantly at a steady pace” and, in unusually firm language, said it intended to hike by another 50 basis points…
-
Abstract Purpose The critical issue in financial management is investigating the role of government in an organization’s economy. Governmental facilities, loans and long-term financial plans may affect the performance of financial management systems. Financial management systems may be affected by various other factors, such as organizational, technological and governmental factors. Studying and investigating the influence…
-
The Peoples Democratic Party presidential candidate, Atiku Abubakar, on Wednesday, asked the Central Bank of Nigeria not to grant a further extension after February 10 deadline for naira swap. This, he said, had become imperative to ensure the purpose and objective of initiating the redesigning of the currency are not destroyed. In a statement released…
-
Creating a financial plan for your small business can seem challenging and intimidating at first; however, once you educate yourself and understand the different components of a plan and how they fit together, it’s quite simple! Essentially, a financial plan is an overview of your small business’s current finances and future growth projections. With a…
-
Despite extension of deadline for the circulation of old N1,000, N500 and N200 notes to February 10, bank customers continue to face frustration, as ATMs were largely empty across the country. The few that had the new naira notes had very long queues, with customers standing for many hours to take their turns. Even after…
-
•Parties to write CBN for waiver, say cashless policy will choke political process, fundraising •If Buhari had no access to funding in 2014, he would never have been President, says PDP •Policy will create logistic problems, paying party agents nationwide will be difficult – ADC, ADP Political parties have kicked against the new cash withdrawal…
-
Human Rights Writers Association of Nigeria (HURIWA), on Saturday, backed the Minister of Finance, Budget and National Planning, Zainab Ahmed, who warned of “serious consequences on the value of the naira against other foreign currencies” if the Central Bank of Nigeria continues with its plan to redesign the N200, N500, and N1,000 notes. HURIWA’s National…
-
The Concerned Northern Forum, on Wednesday, in Kaduna State, frowned at the decision of the Central Bank Governor, to redesign the naira notes effective from December 15, 2022. CBN Governor, Godwin Emefiele, made the announcement on Wednesday. The group’s spokesman, Abdulsalam Kazeem, in a statement on Wednesday, in Kaduna, faulted the decision, adding that redesigning…
-
People in India – especially in the northern part – generally get a bonus from their employers during the auspicious occasion of Diwali. The bonus may vary from a small to an expensive gift or from a little to large amount of cash given in hand or transferred to a bank account. While any type…
-
Emphasizing India’s strides towards financial inclusion and digital economy, Prime Minister Narendra Modi on Sunday said the banking sector has become a vehicle for good governance and better service delivery in the country. With an aim to promote financial inclusion, Prime Minister Narendra Modi on Sunday dedicated 75 Digital Banking Units (DBUs) to the nation.…
-
The Bank of England has launched an emergency UK government bond-buying programme to prevent borrowing costs from spiraling out of control and stave off a “material risk to UK financial stability”. The Bank announced it was stepping in to buy government bonds – known as gilts – at an “urgent pace” after fears over the government’s economic…
-
China’s Yuan hit the lowest mark against the US dollar in the last 18 months on Tuesday, falling to 6.7134 against the USD, the lowest figure since October 30, 2020. The People’s Bank of China has been lowering the value of the country’s national currency since late April amid a new COVID-19 outbreak in Beijing…
-
The Federal Competition Consumer Protection Commission (FCCPC) in conjunction with the Independent Corruptb Practices Commision(ICPC) and the National Information Technology Development Agency(NITAD) have raided some loan application platforms over consumer rights abuse. Some of the raided companies included; GoCash, Okash, EasyCredit, Kashkash, Speedy Choice and Easy Moni. Leading the raid on some loan application firms…
-
Russia’s government and its central bank have reached an agreement on how to regulate cryptocurrencies, according to a statement released by the government. The agreement comes after the Bank of Russia last month proposed banning Bitcoin miners and other crypto operations because of concerns it may cause financial instability, citizens well-being, and its monetary policy sovereignty. Russia’s…
-
Bitcoin donations have soared to Ukrainian volunteer and hacking groups, some of which have supplied equipment to government forces, according to a report showing such groups received more than $550,000 (€480,000) worth of cryptocurrency in 2021. The report, published on Tuesday by blockchain researcher Elliptic, suggests digital currencies are growing in importance as a funding…
-
Finance ministers from wealthy G7 nations on Saturday endorsed a global minimum corporate tax of at least 15 percent, rallying behind a U.S.-backed plan targeting tech giants and other multinationals accused of not paying enough. The G7 deal for a minimum global corporate tax of at least 15 percent is a “historic step” in the…
You must be logged in to post a comment.