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Precious Obazee

New Finance Bill Scales 2nd Reading, Proposes 10% VAT For Defaulters

Nigeria’s Finance Bill 2020 has scaled second reading on the floor of the Senate. The proposed legislation stipulates various amendments made to the 2019 version...

Currency Watch: Naira Gains, Exchanges For 490 Per Dollar

Naira exchanged to the dollar at 490/$ in the parallel market on Wednesday, after it had sold for N500 on Monday. The Bureau De Change...

President Buhari Set to Mete Stiff Measures on Discos, Agents Selling Prepaid Meters

President Muhammadu Buhari has restated his resolve to mete stiff measures to any of the Discos or their agents selling prepaid meters to their...

Over 49,000 Doctors And Scientists Call For An End To Covid Lockdowns

Doctors and scientists from around the world have signed a document calling for an end to COVID-19 lockdowns because of “grave concerns” over public...

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Guinea Moves To Become West Africa’s Gold Refining Hub With New Export Ban

Guinea is stepping up efforts to become a leading gold refining hub in West Africa as it seeks to process more of its precious metals locally instead of exporting raw gold abroad. Mines Minister Bouna Sylla said the country has built one of Africa’s largest gold refineries, with...

IMF Says Malawi Loan Programme Depends On Government’s Reform Commitment

The International Monetary Fund (IMF) says it is prepared to move quickly on a new credit programme for Malawi but has stressed that any financial support will depend on the government’s commitment to implementing key economic reforms. IMF Resident Representative Nelnan Koumtingue said discussions with Malawian authorities are...

FCCPC Warns Fuel Marketers Against Exploiting As Global Oil Prices Fall

The Federal Competition and Consumer Protection Commission (FCCPC) has warned operators in Nigeria’s downstream petroleum sector against exploiting consumers by failing to reflect the significant decline in global crude oil prices in retail fuel prices. As of the time of filing this report, global benchmark Brent crude was...