Banking & Finance
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171FIRS Launches Revised SOP to Streamline Tax Payment
The Federal Inland Revenue Service (FIRS) has revised its Standard Operating Procedure (SOP) as part of efforts to improve consistency, transparency, and...
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193Audit Flop: Nigeria Forfeits $4m from World Bank Loan
The Federal Government is expected to lose $4m from a World Bank loan after failing to meet auditing standards on a key...
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68Recapitalisation: 3,600 Bureau De Change Operators Risk Deregistration
There are indications that about 3,600 bureau de change operators might lose their registration as the deadline for recapitalisation given by the...
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250Currency in Circulation Hits ₦5.01tr as Cash Outside Banks Declines
Currency in circulation (CIC) in Nigeria climbed to N5.015 trillion in April 2025, up marginally from N5.003 trillion in March, according to...
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254Only 19% of Nigerians Pay Tax –FIRS
Faced with a worrying tax compliance crisis, the Federal Inland Revenue Service (FIRS) has revealed that only between 10 and 19 percent...
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204$750m Loan: World Bank Pressures Nigeria for Fresh Tax Hike
The World Bank has asked the Federal Government to issue a presidential order raising excise duties on “sin goods” such as alcohol,...
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172DBN Disburses ₦273.4b, Rewards Banks
The Development Bank of Nigeria has recognised outstanding partner financial institutions for their contributions to micro, small, and medium enterprise growth across...
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110CBN to Banks: Champion Diaspora Products, Cut Remittance Costs
Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, has called on commercial banks to take full ownership of diaspora-focused financial products and...
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121CBN Sets 12-month Deadline for New AML Standards
The Central Bank of Nigeria has issued a draft framework aimed at modernising anti-money laundering practices across the country’s financial system through...
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107AMCON, AMPs to Tackle Over ₦4tr Debt Burden
The Asset Management Corporation of Nigeria has unveiled a renewed strategy to intensify efforts towards recovering more than N4tn in outstanding debts...
