Banking & Finance
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320No Failed Bank Depositor Will Lose Funds –NDIC
Nigeria Deposit Insurance Corporation (NDIC) has assured that no failed bank depositor will lose their funds should there be any failure. Speaking at...
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277Higher Interest Rate Painful for Borrowers but Necessary to Control Inflation –Cardoso
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has described the decision to raise the Monetary Policy Rate (MPR)...
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256Submit FX Compliance Report, CBN Orders Banks
The Central Bank of Nigeria (CBN) has mandated Deposit Money Banks and all other participants in the foreign exchange market to submit...
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376CBN, FMDA Okay New Forex Plan to Reduce Speculations
The Central Bank of Nigeria (CBN) has approved a new forex plan that will allow it collaborate with Financial Markets Dealers Association...
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306Withholding 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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299NDIC 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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257
Cardoso, 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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309E-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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292CBN 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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318
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...
