Banking & Finance
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106Naira Gains 125/$ One Month After EFEMS
Nigeria’s currency has appreciated by N125 to a dollar one month after the launch of the Electronic Foreign Exchange Matching System (EFEMS)....
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83Liquidity Squeeze: DMBs, Merchant Banks Borrowed ₦131.42tr from CBN in 2024
Following the tight monetary policy regime by the Central Bank of Nigeria (CBN), which led to liquidity squeeze, Deposit Money Banks (DMBs)...
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191New Withholding Tax Policy Begins
The Federal Government has commenced the implementation of the 2024 Withholding Tax Regulations, signalling effort to modernise Nigeria’s tax system. Approved by...
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203Finance and Insurance Sub-sector Grew by 31% in Q2 –CBN
The financial and insurance sub-sectors of Nigeria’s services sector achieved a significant growth of 30.83% in the second quarter of 2024. According...
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204Finance Ministry Inaugurates Anti-corruption Unit Committee
The Federal Ministry of Finance has inaugurated its Anti-Corruption and Transparency Unit Committee to enhance transparency and accountability within the public service....
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125
90% Public, Private Sector Workers to Pay Lower Taxes –Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has maintained that over 90 per cent of...
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74Capital Adequacy Ratio of Banks Rose to 14% in Q3 2024 –CBN
The Central Bank of Nigeria (CBN) reported a notable improvement in the banking sector’s Capital Adequacy Ratio (CAR), which increased to 14.01%...
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45Nigeria Gets W’Bank $1.5b for Subsidy Removal, Tax Bills
The World Bank has fully disbursed a $1.5bn loan to Nigeria following the Federal Government’s implementation of key reforms, including removing fuel...
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44
CBN Misappropriated ₦2.7tr Interests on Ways and Means –Auditor General
The Federal Government has accused the Central Bank of Nigeria of misappropriating N2.73tn in interest payments from Ways and Means advances, raising...
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48Access HoldCo Lauds NGX Invest over ₦351b Rights Issue
The Chairman, Access Holding Company Plc, Aigboje Aig-Imuokhuede, has commended the digital innovation efforts of the Nigerian Exchange Group following the successful...
