Banking & Finance
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115CBN Reviews ATM Transaction Fees, Scrap Free Withdrawals
The Central Bank of Nigeria (CBN) has announced a review on the transaction fees for automated teller machines (ATMs). In a circular...
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117
CBN Announces Rescheduled February 2025 MPC Meeting
The Central Bank of Nigeria (CBN) has announced a new date for the 299th meeting of its Monetary Policy Committee (MPC), shifting...
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121AfDB Dissatisfied with $210m Nigeria Agro-Industrial Zones Project
The African Development Bank has expressed dissatisfaction over the slow progress of the first phase of Nigeria’s Special Agro-Industrial Processing Zones project,...
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198CBN Caps BDC FX Purchase at $25,000 Weekly via Single Dealer Bank
The Central Bank of Nigeria (CBN) has introduced new guidelines that permit Bureau de Change (BDC) operators to purchase up to $25,000...
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186FG Seeks Fresh $580m W’Bank Loans
The Federal Government is engaging the World Bank for two fresh loans totalling $580m, which are expected to be approved in March...
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161FG Targets External Borrowing Reduction
The federal government has reaffirmed its commitment to reducing reliance on external debt financing and promoting private sector-driven economic growth as part...
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148FEC Okays ₦758b Bond to Offset Pension Backlog
The Federal Executive Council (FEC) has approved the issuance of a N758 billion bond to offset outstanding pension liabilities for all categories...
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87Active Bank Accounts Up 122.3m to 331.6m in One Year
Nigeria’s banking sector saw a remarkable expansion in 2024, with active accounts surging to 331.6 million by December, reflecting an increase of...
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116FIRS Begins Withholding Tax System
The Federal Inland Revenue Service (FIRS) has announced the commencement of the implementation of the withholding tax system. This is aimed at streamlining tax...
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113Banks Experienced Higher Defaults in Loans Given to SMEs, MSMES in Q4 2024 –CBN
The Central Bank of Nigeria (CBN) on Monday revealed that deposit money banks (DMBs) experienced a significant rise in loan defaults from Small...
