Banking & Finance
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65SEC, CBN, EFCC Partner to Track, Freeze Illicit Digital Wallets
In a major step to strengthen oversight over Nigeria’s fast-growing digital finance ecosystem, the Securities and Exchange Commission (SEC) has disclosed that...
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38World Bank to Approve Nigeria’s $1b Devt Loan in December
The World Bank has fixed December 16 as the tentative date for the approval of Nigeria’s $1 billion Development Policy Financing (DPF)...
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20Reps Probe Tax Deductions, Multiple Bank Charges
The House of Representatives on Thursday inaugurated an Ad-hoc Committee to investigate the deduction of taxes and sundry charges from the earnings...
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14
Nigerians Lose ₦316b to Ponzi Schemes –SEC
The Securities and Exchange Commission has said Nigerians have lost about N316bn to Ponzi schemes and illegal fund managers over the years,...
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25No New Tax, Just Compliance –FIRS Explains 10% Levy on Treasury Bills
This clarification follows public reactions to a recent directive instructing banks, stockbrokers, and other financial institutions to deduct 10 per cent withholding...
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94CBN Dismisses Reports of FX Abuse in Oil Sector
The Central Bank of Nigeria (CBN) has dismissed recent media reports suggesting the misapplication of foreign exchange (forex) in the oil and...
