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Insinuations of global financial markets being seriously rattled by the United States move to hike interest rates are on the rise. The US Federal Reserve hike, which could seriously shake financial markets, trigger capital outflows and currency depreciation in developing countries, obviously hold grim implications for Nigeria and other emerging global economies. To the InternationalJanuary 19, 2022
Tuesday, December 7, 2021, President Muhammadu Buhari submitted Finance Bill, 2021, styled “the Bill,” to the National Assembly for passage. The Bill proposes changes and updates to the provisions of some of the following legislations: Capital Gains Tax Act, Companies Income Tax Act, Personal Income Tax Act, Tertiary Education Trust Fund (Establishment, etc.) Act, ValueDecember 15, 2021
The Central Bank of Nigeria (CBN) officially launched the “eNaira,” a central bank digital currency (CBDC) on October 25, 2021, to become the second CBDC fully open to the public after the Bahamas. Countries and regions, including China and the Eastern Caribbean Currency Union, had, however, been conducting CBDC pilots with subsections of their citizens.December 8, 2021
Establishment of the Fund The Agricultural Credit Guarantee Scheme Fund was established by the Federal Military Government under the Agricultural Credit Guarantee Scheme Fund Decree 1977 (Decree No. 20) and as amended on 13th June 1988, and 26th June 2019. The Act originally provided for a Fund of N100 million subscribed to by the FederalDecember 3, 2021