Licensed Nigerian Banks: Who's Made the Cut?
Nigeria’s banking sector is in the midst of one of its most transformative periods in decades. In March 2024, the Central Bank of Nigeria (CBN) announced a new...
Business & Money · Page 35
TCN Schedules Power Outage for Portions of Sokoto
The Transmission Company of Nigeria, TCN, has announced a planned power outage in parts of Sokoto metropolis to enable it carry out scheduled maintenance at the...
Naira Soars: Achieves Impressive Weekly Gains Against the US Dollar!
The Naira recorded a significant week-on-week gain against the United States Dollar at the official foreign exchange market. Central Bank of Nigeria’s data show...
TCN and IBEDC Point Fingers Over Blackout Blame Game
The Transmission Company of Nigeria and Ibadan Electricity Distribution Company, IBEDC, have disagreed over the reason for the outage in parts of Oyo State. In...
Naira Continues Its Winning Streak Against the US Dollar to Close the Week Strong
The naira extended gains on Friday to end the week on a good note against the United States dollar at the official foreign exchange market. The Central Bank of...
CBN Shares Latest Insights on the Recapitalization of Nigerian Banks
The Central Bank of Nigeria (CBN) has announced that 20 commercial banks have so far met its ongoing recapitalization requirements as of Thursday, January 15, 2...
"Don't Delay: LIRS Urges Employers to File Annual Returns to Avoid Penalties"
The Lagos State Internal Revenue Service (LIRS) has reminded employers in the state that the deadline for submitting annual tax returns for the 2025 financial y...
Nigerian Stock Market Takes a Tumble: Investors Face N457bn Loss After 23-Day Surge
The Nigerian stock market slipped on Thursday, snapping a 23-session winning streak as investors recorded a combined loss of N457 billion. The downturn followed...
"VAT on Banking Services Isn't New, Confirms Nigeria Revenue Service"
The Nigeria Revenue Service, NRS, has clarified that the Value Added Tax, VAT, applied to banking services is not a new development and has no connection to any...
Nigerian Finance Minister Hints at Possible Interest Rate Cut as Inflation Declines
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has indicated that the Nigerian government could consider cutting interest rates if inf...
Naira Falls Against the US Dollar: What You Need to Know
The naira depreciated against the dollar at the official foreign exchange market on Wednesday. The Central Bank of Nigeria’s data showed that the Naira weakened...
"Moniepoint and Other Nigerian Banks to Implement 7.5% VAT on Transfers and USSD Transactions"
Moniepoint and several other Nigerian banks have informed their customers of a new 7.5 percent Value Added Tax (VAT) to be applied to bank transfers and Unstruc...