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  • Business - Companies
  • Updated: May 26, 2024

Business news roundup from May 19- May 25, 2024

Business news roundup from May 19- May 25, 2024

Welcome to the AllNews roundup of the 5 Latest Business News that made the round last week.

CITN urges FG to stop non-state actors from collecting taxes

The Chartered Institute of Taxation of Nigeria has charged the three tiers of government to stop non-state actors from collecting taxes in the country.

Samuel  Agbeluyi, CITN’s President/Chairman of Council, said this while speaking on the sidelines of the inauguration of the CITN Abuja Liaison Office in the Federal Capital Territory on Saturday. Read more here

Senate charges CBN on banks’ recapitalisation

Tokunbo Abiru, the Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, has urged the Central Bank of Nigeria to ensure banks put the liquidity that would result from the recapitalisation exercise into productive sectors of the economy.

Abiru said this in his goodwill message at the swearing-in of the 23rd President/Chairman of the Council of the Chartered Institute of Bankers, Professor Pius Olanrewaju, on Friday in Lagos. Read more here.

Address insecurity to curb inflation — Economist to FG

Prof. Evans Osabuohien, an economist has called on the Federal Government to address security and other fundamental problems currently facing the country to stem the high inflation rate.

Osabuohien, who is the Head, Department of Economics, Covenant University, Ota, Ogun, made the call in an interview with the News Agency of Nigeria on Monday. Read more here.

No Nigerian bank under pressure over recapitalisation- CBN Governor

Olayemi Cardoso, the governor of the Central Bank of Nigeria, has disclosed that no Nigerian bank is under pressure over recapitalisation. 

Cardoso made this known in a communiqué after the recently concluded 295th Monetary Policy Committee meeting in Abuja. Read more here.

AfDB invests $1.44 billion in Nigeria’s infrastructure development​​​​​​

To aid the development of energy and power, transport, water, and sanitation infrastructure in Nigeria, the African Development Bank, AfDB, has announced an investment of $1.44 billion.

Akinwunmi Adeshina, the President of the financial institution, made this disclosure in a statement at the Nasarawa Investment Summit 2024, which took place on May 15-16 in Lafia, the capital of Nasarawa State. Read more here.

These are the latest Business news that made trends during the week. Visit our website https://allnews.ng for more Business news around the world.

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