NOLT Finance is Growing and Offering More!

This is a sponsored post…   We have some fantastic news to share with you. NOLT Finance, a company that helps people with credit and loans, is now expanding into the world of investments! This is a big step for the company, and we can’t wait to tell you all about it.         Why are they doing this? Well, they noticed that more and more people are looking for different ways to manage their money. NOLT finance

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Nigeria is the hub of stolen cars

The Minister of Finance, Budget, and National Planning, Zainab Ahmed, has said that majority of vehicles imported into Nigeria were stolen.    The Minister said this while delivering a keynote address at the zonal sensitisation seminar on the National Vehicle Registry (VREG) policy in Abuja on Thursday, August 12.   Tribune quotes the Minister as saying ”The National Bureau of Statistics confirmed that between 2015 and 2019, Nigeria imported an average of 300,000 vehicles with an average of 48 per

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No plan to increase VAT again – Minister of Finance, Zainab Ahmed

Minister of Finance, Zainab Ahmed has debunked claims of having plans to increase the Value Added Tax (VAT) and other taxes in 2021.    Ahmed who defended her Ministry’s budget before the Senate Committee on Finance in Abuja, dismissed claims of an imminent increase in VAT and other taxes in the proposed Finance Bill to be presented to the National Assembly soon.   The minister said;     “There will be no increase in VAT or any form of taxes because we see

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IFC Supports Nigeria’s FCMB to Finance SMEs Facing COVID-19 Related Challenges

IFC, a member of the World Bank Group, today announced a $50 million loan to Nigeria’s First City Monument Bank (FCMB) Limited to help it expand lending to small and medium enterprises (SMEs) so they can sustain business activities disrupted by the COVID-19 pandemic.   The loan, made through IFC’s COVID-19 fast-track financing support package, reflects IFC’s commitment to Nigeria’s private sector following the severe challenges brought by the health and economic crisis. The funds will allow FCMB to support

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NDDC Executive Director of Finance is dead

The acting Executive Director of Finance and Administration of the Niger Delta Development Commission (NDDC), Ibanga Bassey Etang is dead.   The Senior Official of the agency who has been absent from work at the commission’s headquarters in Port Harcourt throughout this week and also conspicuously absent during the flag off of the distribution of Coronavirus palliatives by the agency on May 22, died on Wednesday night after a brief but undisclosed illness.   TVC reported that the corpse of the disease was wheeled to the ‘Holding Area’,

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Nigeria is heading towards recession

Zainab Ahmed, Nigeria’s Minister of Finance, has said that the coronavirus pandemic and falling oil prices are set to force Nigeria’s economy into recession.   The Minister made this known today May 21, while speaking to state house correspondents shortly after attending the National Economic Summit meeting in Abuja.   “On the economy, COVID-19 has resulted in the collapse in oil prices. This will impact negatively, and the impact has already started showing on the federation’s revenues and on the foreign

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