Banking & Finance
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2.7KBanks Strategise to Exit CBN’s Forbearance Framework
Amid the Central Bank of Nigeria’s (CBN) directive halting dividend payments, bonuses and new foreign investments for banks under regulatory forbearance, the...
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2.7KCBN Affirms Strength of Nigerian Banking Sector
In a move aimed at calming market jitters and ensure smooth transition from regulatory forbearance, the Central Bank of Nigeria (CBN) yesterday...
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230
CBN Halts Profit Sharing, Overseas Investments for Banks Under Special Support
The Central Bank of Nigeria (CBN) has temporarily suspended the payment of dividends, executive bonuses and foreign investments by banks currently under...
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2.7KCBN Extends BDC Recapitalisation Deadline to December
The Central Bank of Nigeria (CBN) has extended the deadline for Bureau De Change (BDC) operators to meet new recapitalisation requirements to...
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233FIRS 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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2.6KAudit 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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2.5K
Recapitalisation: 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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2.7KCurrency 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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2.7KOnly 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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2.4K$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,...
