Banking & Finance
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38Banks Refund ₦7.05b, $714,569 to Customers –CBN
The Central Bank of Nigeria has revealed that banks operating in the country have refunded about N7.05bn and $714,569.03 to customers following...
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103FG Introduces Tax Payment in Installments
The Federal Government has proposed introducing a tax payment option that enables individuals to pay their taxes in instalments. It introduced this...
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177New Bill Mandates Tax ID for Opening Bank Accounts
A new bill has been proposed in Nigeria that will require individuals engaged in banking, insurance, stock-broking, or other financial services to...
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175CBN Assures Public on Financial System Stability, Safety of Funds
The Central Bank of Nigeria, CBN yesterday assured the public of its commitment to the stability of the financial system and safety...
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161No 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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146Higher 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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125
Submit 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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278CBN, 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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163Withholding 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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190
NDIC 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...
