CBN Demands Transaction Evidence on All Divestments, Repatriation of Foreign Investments
The Central Bank of Nigeria (CBN), yesterday clarified that every divestment or repatriation of foreign investment, be it a pre-liquidation…
Category: Finance
rDAS: CBN Approves Sale of $876.26m to 26 Banks at N1495/$
The Central Bank of Nigeria (CBN) yesterday confirmed that it sold Foreign Exchange (FX) to end users through a Retail…
Central Bank Approves Providus Banks’ Takeover of Unity Bank
The Central Bank of Nigeria (CBN) yesterday announced it had granted approval for a pivotal financial takeover of Unity Bank…
ESG: Access Bank Wins Euromoney Award for Best Bank in Nigeria, Ghana
Access Bank Plc has been honoured at the Euromoney Awards for Excellence 2024, having been named Nigeria’s Best Bank and…
FIRS Explains Clarifies Taxation, Adjustments to Foreign Currency Transactions
The Federal Inland Revenue Service (FIRS) has issued clarification on relevant adjustments that may henceforth be required to determine the…
MAN, LCCI Lament Continuous Hike in Monetary Policy Rate by CBN
The Manufacturers Association of Nigeria (MAN) and the Lagos Chamber of Commerce and Industry (LCCI) yesterday expressed concern over the…
Access Bank Granted 18m Digital Loans Worth N740bn in 7years, Revamps QuickBucks
Access Bank on Tuesday said it had granted 18 million digital loans worth over N740 billion since 2017. The bank…
Group to Tinubu: Review Tax, Pension Policies
A civil society group (CSO), Civil Society Organisation on Community Advancement and Humanitarian Empowerment Initiative (CSCHEI), has called on President…
Concerns Mount over Retroactive Taxation of Banks’ Profit in Finance Bill
Some foreign investors who spoke to THISDAY yesterday on condition of anonymity, have expressed concerns over move by the Senate…
IMF Downgrades Nigeria’s Economic Growth Projection Slightly to 3.1%
The International Monetary Fund (IMF) has downgraded Nigeria’s 2024 economic growth forecast to 3.1 per cent, from the 3.3 per…