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The treatment of license payments in the national accounts has become increasingly important in recent years; with mobile phone licenses being auctioned for substantial values in several countries. Because the text of the System of National Accounts 1993 does not provide specific guidance on...
Persistent link: https://www.econbiz.de/10005825893
Like any tax, the VAT is vulnerable to evasion and fraud. But its credit and refund mechanism does offer unique opportunities for abuse, and this has recently become an urgent concern in the European Union (EU). This paper describes the main forms of noncompliance distinctive to a VAT, considers...
Persistent link: https://www.econbiz.de/10005599323
in Nigeria. The assessment team reviewed the legal framework for banking supervision and held extensive discussions with … the staff of the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC). It is assessed that … Nigeria has recorded significant improvement in its level of compliance with the BCPs, which is attributed to the enhancement …
Persistent link: https://www.econbiz.de/10011244308
Nigeria (CBN) should enhance further its work in improving cross-border supervision, including home-host coordination and …
Persistent link: https://www.econbiz.de/10011244542
KEY ISSUES Context. Nigeria has a large and diverse economy that has achieved a decade of strong growth, averaging 6 ….8 percent a year. However, Nigeria still lags peers in critical infrastructure and has high rates of poverty and income …
Persistent link: https://www.econbiz.de/10011245409
To assess the financial stability in Nigeria, various stress tests and analytic processes were undertaken jointly by …
Persistent link: https://www.econbiz.de/10011245495
credible exit strategy. The Central Bank of Nigeria (CBN) has a broad resolution toolkit, which was put to use during the … crisis to resolve the intervened banks. The Nigerian authorities set up the Asset Management Corporation of Nigeria (AMCON …
Persistent link: https://www.econbiz.de/10011242485
Persistent link: https://www.econbiz.de/10011242662
) Principles in Nigeria was conducted as part of the International Monetary Fund (IMF)-World Bank Financial Sector Assessment …
Persistent link: https://www.econbiz.de/10011242705
This Technical Note focuses on strengthening of monetary and liquidity management in Nigeria. The Central Bank of … Nigeria (CBN) has robust institutional framework in place to design and implement monetary policy. The CBN has also sufficient …
Persistent link: https://www.econbiz.de/10011243706