SDF: Banks Deposit with CBN Reached Record High of N64.55trn in October
Signalling significant excess liquidity in the financial system, banks’ deposits with the Central Bank of Nigeria (CBN) grew to N64.55…
Category: Finance
Adedeji: FIRS Collected N22.59tn in 9 Months, N47.39tn in 2 Years
Chairman, Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, said the service had achieved significant revenue improvements, as tax collections…
To Plug Revenue Leakages, Boost Transparency, FG Unveils Federal Treasury Receipt
The federal government has launched Federal Treasury Receipt (FTR), a ground-breaking reform offering a single, standardised, and digitally verifiable proof…
Cardoso Woos Investors as FX Turnover Hits $8.6bn, Anticipates Current Account Surplus to Exceed $20bn
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reassured investors of Nigeria’s improving macroeconomic stability, just…
Inflation Declines Further to 18.02% Amid Moderation in Food, Energy Prices, FX Stability
The Consumer Price Index (CPI), which measures the rate of change in prices of goods and commodities eased to18.02 per…
Jim Ovia Named Doyen of Nigerian Banking Industry At The NGX Closing Gong Ceremony
Zenith Bank Plc’s Founder and Chairman, Dr. Jim Ovia, CFR, accompanied by the bank’s Group Managing Director/CEO, Dame Dr. Adaora…
Analysts Caution Nigeria Risks FTSE Setback if Capital Gains Tax Proceeds
Financial experts have warned that Nigeria could jeopardise its fragile progress towards regaining inclusion in the FTSE Frontier Market Index…
Citi Increases Capital in Nigeria, Meets CBN’s N200bn Requirement
Citibank Nigeria Limited (Citi) has announced that it has successfully met the Central Bank of Nigeria’s (CBN) new N200 billion…
World Bank Upgrades Nigeria’s 2025 Growth Outlook to 4.2%
The World Bank has upgraded Nigeria’s economic growth forecast for 2025 to 4.2 per cent, reflecting a 0.6 percentage point…
Capital Market Operators Seek Review of Proposed 30% Capital Gains Tax to 25%
Operators in the Nigerian capital market have urged Chairman of Presidential Committee on Fiscal Policy and Tax Reforms (FPTR), Mr.…