Banking & Finance
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236Tax Panel Proposes Relief for Loss-making Firms
The Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has revealed that the panel has proposed tax relief...
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130Interest Rate, Others Drive Foreign Portfolio Investment Up by 170%
The Central Bank of Nigeria, CBN’s, high interest rate regime and foreign exchange policy have whetted the appetite of Foreign Portfolio Investors,...
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187Cardoso Showcases 1-Year Achievements, Commits to $1 Billion Remittance Target
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has outlined critical milestones in the bank’s ongoing economic reform agenda,...
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206Heritage Bank: NDIC Begins Loan and Asset Recovery to Settle Uninsured Deposits
Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC) Bello Hassan has disclosed that the corporation has commenced asset recovery and loan retrieval...
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230Banks Free to Trade with Deposited FX –CBN
The Central Bank of Nigeria has issued guidelines to banks on implementing the free foreign exchange deposit window announced by the Federal...
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170FG Promises Single-Digit Interest Loans for SMEs
The Federal Government has stated that it will begin disbursement of loans at a single-digit interest rate to Small and Medium Enterprises...
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219$5b African Energy Bank Gets 2025 Date
The Federal Government of Nigeria has set January 28, 2025, as the deadline for the operationalisation of the $5billion Africa Energy Bank...
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139Amid Liquidity Crunch, Banks Borrowed ₦18.09tr from CBN in October
Financial data released by the Central Bank of Nigeria (CBN), has revealed that deposit money banks and merchant banks in the country...
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233
FG Offers Nine-month Window for Free Forex Deposit
The Federal Government on Thursday announced a nine-month programme beginning on October 31, 2024, that allows individuals to deposit dollar bills held...
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214IMTO Inflows Up 47% to $2.33b in Six Months
Data released by the Central Bank of Nigeria (CBN) showed that Inflows through International Money Transfer Operators (IMTOs) grew by 47 per...
