Banking & Finance
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242Withholding Tax Regulations Active Until December –FIRS
The Federal Inland Revenue Service has said that the current Withholding Tax regime will remain effective until December 31, 2024. This is...
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249NDIC Strengthens Ties with Judiciary to Prosecute Failed Banks
The Nigeria Deposit Insurance Corporation (NDIC) has strengthened its partnership with the judiciary to enhance the prosecution of failed banks. The managing...
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214Cardoso, World Bank, IMF Brainstorm to Craft New Strategies for Inclusion Growth in Africa
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has engaged with the International Monetary Fund (IMF) and World Bank to...
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233E-Payments Rise By 84.3% to ₦572tr In 7 Months
Electronic payments in Nigeria have surged by 84.3 per cent, reaching N572 trillion within the first seven months of 2024, as reported...
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200CBN Maintains Monetary Tightening Regime, Raises MPR Further to 27.25%
Unconvinced by the relative decline in inflation in July and August, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria...
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267
CBN Reintroduces Cybercrime Levy
The bank in its Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025 document, revealed that as part of...
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284CBN Maintains 5% Ways and Means Advances to Govt
The Central Bank of Nigeria has confirmed that it will sustain its Ways and Means Advances to the Federal Government at a...
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258Banks Borrowed ₦3tr from CBN in One Week –Report
Nigerian banks and discount houses borrowed N3tn from the Central Bank of Nigeria through the Standing Lending Facility within a week, according...
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327PSPs to Route PoS Transactions Through NIBSS, UPSL within 30 days –CBN
The Central Bank of Nigeria (CBN) has mandated that all point of sale (POS) transactions must be routed through its licensed Payment...
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244Naira Weakens to ₦1637/$
The Nigerian naira has lost further ground against the United States dollar, with the exchange rate hitting N1637.59 at the close of...
