Banking & Finance
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202CBN Okays Unity, Providus Banks’ Merger Arrangement
The Central Bank of Nigeria (CBN) has given a node for the merger arrangement between Unity Bank Bank and Providus Bank. A...
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146Bank Recapitalisation Crucial for Economic Growth –SEC
The Director General of the Securities and Exchange Commission, Emomotimi Agama, has stated that the ongoing bank recapitalisation is an important step...
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205AfDB Okays $500m Fresh Loan for Nigeria
The African Development Bank Group has approved a loan of $500m to the Federal Government to finance the first phase of the Economic...
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149National Assembly Amends CBN Act
The National Assembly, yesterday, passed an amendment to the Central Bank of Nigeria (CBN) Act, which increased the apex bank’s threshold of...
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156
CBN Clears Next-of-kin to Claim Funds in Dormant Accounts
Next of kin, legal representative, or beneficial owner have been cleared by the Central Bank of Nigeria (CBN) to make claims on...
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180CBN Classifies Inactive 10-year Accounts as Dormant
The Central Bank of Nigeria (CBN) has clarified that only accounts that have been inactive for over 10 years are eligible to...
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246DBN Secures Access to over $100b Green Climate Fund
The Development Bank of Nigeria Plc (DBN) has received the Green Climate Fund (GCF) Accreditation, becoming the first Direct Access Entity (DAE)...
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207
NASS Passes Finance Bill, Imposes 70% Levy on Banks’ Windfall Forex Profits
The National Assembly on Tuesday passed proposed amendment to the Finance Act which seeks to impose 70% levy on Banks’ windfall forex...
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154Windfall Tax: FG to Jail Defaulting Bank Executives
The Federal Government has proposed the imprisonment of principal officers of banks who refuse to comply with the one-time windfall tax on...
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155
Forex Inflow via IMTOs Hits $1.07b in Three Months –CBN
Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of 2024, from...
