Banking & Finance
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231Banks Borrow ₦9.2tr from CBN to Fund Operations
Nigerian Deposit Money banks accessed more than N9 trillion to fund operations as the liquidity shortage bit last week. The financial system...
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17565.5% of Nigerians Want Lending Rates to Drop –CBN
A new Household Expectations Survey by the Central Bank of Nigeria (CBN) has revealed that 65.5 per cent of Nigerian households believe...
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228Direct Remittances to Nigeria Totaled $1.92b in 2024
Data obtained from the Central Bank of Nigeria (CBN) has showed that direct remittance inflows into Nigeria totaled $1.92 billion in 2024,...
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157PenCom Fast-tracks Retirement Benefits Payment Process
The National Pension Commission has sped up the payment of retirement benefits as indicated in a new policy directive to licensed pension...
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151House Approves Tax Reform Bills After Extensive Consultations
The House of Representatives has approved the Tax Reform Bills submitted by President Bola Tinubu following the consideration and approval of the...
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161As Implementation Begins, Reps Urge CBN to Suspend New ATM Charges
The House of Representatives has called on the Central Bank of Nigeria (CBN) to immediately suspend the implementation of the policy to...
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173FIRS Pledges to Raise Tax-to-GDP Ratio, Improve Tax Compliance
The Federal Inland Revenue Service (FIRS), yesterday said it was determined to drive Nigeria’s tax-to-Gross Domestic Product (GDP) ratio by improving tax...
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144DBN Disburses ₦272b to Women Businesses
The Development Bank of Nigeria (DBN) has disbursed more than N272 billion to over 518,170 women-owned businesses, making up 74 percent of...
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152FCMB Group Projects ₦36.6b Profit in Q2
FCMB Group has projected a profit after tax of N36.6bn for the second quarter ending June 30, 2025. The group’s earnings forecast...
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165
Standing Lending Facility: Banks Borrowed ₦33.97tr from CBN in Two Months
In an effort to run their day-to-day business operations and liquidity constraints in the interbank money market, Deposit Money Banks (DMBs) and...
