Banking & Finance
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60Senate Proposes Foreign Currency Ban for Local Transactions
The Senate, on Tuesday, passed for first reading a bill to ban the use of foreign currencies for payments and transactions within...
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46Banks Restrict Multiple Account Owners to ₦20,000 Withdrawal
There is no end in sight yet to the low cash supply by commercial banks as customers face increasing difficulty with cash...
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75W’Bank Plans $1.65b Loans for Nigeria Next Year
The World Bank is set to decide on three major loan projects for Nigeria in 2025, totalling $1.65bn, as part of efforts...
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49Currency Outside Banks Now ₦4.29tr, 94.2% of Currency in Circulation
Currency outside banks in Nigeria surged to a record high of N4.29 trillion in October 2024, accounting for 94.2 per cent of...
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134
World Bank May Approve $500m Loan to Nigeria Today
The Board of the World Bank Group is expected to meet and decide on approving a $500m loan to Nigeria today (Friday)...
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73Banks Lost ₦42.33b to Fraud in Six Months –Report
Banks in Nigeria have reported a staggering N42.33bn in fraud-related losses over the first two quarters of 2024, with increases recorded across...
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41Nigerians Pay ₦1.5tr Despite Declared ₦15tr Income –Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms in Nigeria, Taiwo Oyedele, has said that personal income tax...
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72Bank Directors Advise Tax Reforms Committee on Collaboration
The Bank Directors Association of Nigeria has called on the Presidential Fiscal Policy and Tax Reforms Committee to continue to maintain an...
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65Nigeria’s VAT collection hits ₦1.78 tr in Q3 2024
The Nigerian government raked in the sum of N1.78 trillion from Value Added Tax (VAT) in the third quarter of 2024. The...
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39FCMB Group Plc Reports 67% Profit Before Tax Growth to ₦91.8 Billion
FCMB Group Plc has announced a 67% growth in Profit Before Tax (PBT) to ₦91.8 billion for the nine months ended September...
