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Guidelines

  • economy

    Tariff Removal: FG sets duty rate guidelines for staple foods

    The Federal Government has unveiled guidelines for the implementation of the “Zero Percent Duty Rate and Value Added Tax” exemption on certain basic food items. The announcement is contained in a statement issued by the Spokesperson of the Nigeria Customs Service (NCS), Abdullahi Maiwada on Wednesday in Abuja. Maiwada said that President Bola Tinubu approved the guidelines through Wale Edun,…

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  • economy

    CBN implements stricter regulations for dormant accounts, unclaimed funds

    The Central Bank of Nigeria (CBN) has implemented stricter regulations for managing dormant accounts and unclaimed financial assets in banks and other financial institutions. These new guidelines, effective immediately, supersede previous policies issued in 2015. This is made known in a circular signed by John Onojah, Acting Director, Financial Policy and Regulations Department, CBN on Friday night. The guidelines, which…

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