Tag - TSA

PUNCH Lafarge Africa plans N59bn cement plant in North-East The Chief Executive Officer of Lafarge Africa, Mr. Peter Hoddinnot, has said that the firm plans to invest about $300m (N59.1bn) in building a cement plant in Gombe State to serve the entire northeastern part of the country.[Read More…] THISDAY CBN: 39.5 Million Nigerians Are Excluded From …

THISDAY TSA Transfers: Central Bank Recovers N8.6bn from Owner of Remita, SystemSpecs The Central Bank of Nigeria has recovered N8.6 billion deducted by a Lagos-based software firm, SystemSpecs, which provided the e-Payment/e-Collection solution used for the transfer of government funds from commercial banks to the treasury single account (TSA) domiciled with it, THISDAY investigations have …

  PUNCH TSA: First Bank pays N1.877bn fine to CBN FBN Holdings Plc, the parent company of First Bank of Nigeria Limited, on Thursday confirmed to the Securities and Exchange Commission that it had paid the sum of N1.877bn as fine to the Central Bank of Nigeria for violating the Federal Government’s Treasury Single Account …

  PROSHARE OANDO FYE 14 Q1 15 H1 15 Conference Call Presentation The key take Apart from the global price volatility in the oil industry, which has strong potential to negatively impact the earning capacity of the firm, we observed that huge provisions for impairment of assets, increase in operating & administrative expenses and depreciation …

PUNCH FG shops for N40bn to complete Ajaokuta rail Eighteen years after construction work commenced on the 276-kilometre standard gauge rail line linking Warri in Delta State to Ajaokuta, Kogi State, the project has not been delivered to the Federal Government.[Read More…] THISDAY Forex Curbs: CBN Moves to Ease Importers’ Plight In a bid to …

  PUNCH TSA: Interbank rate hits 15% as liquidity drops The Nigerian Interbank Offer Rate hit 15 per cent on Monday as banks continue to record liquidity on the back of the recent commencement of the Treasury Single Account policy.[Read More…] FG seeks single-digit interest loans for power firms The Federal Government wants the Central …

PUNCH TSA guidelines under review – FG The implementation of the Treasury Single Account for ministries, departments and agencies has commenced and the guidelines to further strengthen the process are currently being reviewed, the Federal Government has said.[Read More…] NCAA grounds British, Mexican planes for illegal flights The Nigerian Civil Aviation Authority has grounded two …

  PUNCH TSA: Don’t panic, Emefiele tells banks The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Thursday ruled out a naira devaluation, a day after President Muhammadu Buhari said he might not devalue the local currency again.[Read More…] Enrolment for e-dividend now possible at banks – SEC The Securities and Exchange Commission has …

  PUNCH No more naira devaluation –Buhari The naira should not be devalued further, President Muhammadu Buhari said on Wednesday, despite the Central Bank of Nigeria’s growing struggles to keep the naira at current levels.[Read More…] Budget constraints affect power investment –FG The Permanent Secretary, Ministry of Power, Dr. Godknows Igali, has said that prior …