09/04/2023
The latest move is likely to cause a shake-up in the liquidity position of the banking industry in which government cash constitutes between eight and 10 percent of the total bank deposits.
09/01/2023
“Failure to pay over contributions as required is not only a contravention of the PFA but leads to prejudice and unfair outcomes for members,’ the FSCA said.
09/01/2023
The agreement with Access for the sale of the bank’s business in Sub-Saharan Africa is in line with Standard Chartered’s global strategy, aimed at achieving operational efficiencies, reducing complexity, and driving scale.
08/31/2023
This is as the number of Nigerians with National Identification Numbers increased to 102.39 million in August despite a slowdown in the number of enrolments.
08/31/2023
The terms of the transactions the lenders have with their affiliate firms are normally not disclosed, but they are expected to treat the sister companies the same way they deal with other customers.
08/29/2023
A breakdown of the $6billion investment shows that a total of $1.2billion has been budgeted for the year 2023, $1.9bn for 2024 and $2.88billion for 2025.
08/28/2023
The rules also require quoted companies to submit interim reports not later than 30 calendar days after the end of the relevant period.
08/25/2023
The CBK took up Ksh11.7 billion ($80.8 million) on this paper, at an average rate of 16.97 percent.
08/25/2023
The shilling depreciated by 18 percent
08/24/2023
NDB has already raised $4.5b this year and will raise at least $8b by the end of the year
08/24/2023
The new Draft Revenue Laws Amendment Bill states that the new “two-pot retirement system” will become operational on 1 March 2024.
08/23/2023
Various banks such as United Bank of Africa, Guaranty Trust Bank, Zenith Bank, First Bank have alerted their customers in different ways to fraud attacks
08/23/2023
The argument for a unified currency among BRICS nations has been spearheaded by Russia
08/22/2023
By doing so, the unit effectively tripled the tax base under focus.
08/22/2023
The Bill is already before the National Council of Provinces (NCOP) after being passed by Parliament in June, in spite of vehement opposition.
08/22/2023
The US biggest bank also predicts loss of momentum for Tinubu's reforms but remains “cautiously optimistic”
08/21/2023
South African President Cyril Ramaphosa expressed support for the BRICS expansion on Sunday.
08/18/2023
The BoG explained that its decision to take a 50 per cent haircut on government’s debt saved the economy from collapse and sent a positive signal to external partners.
08/18/2023
State oil firm loan to stabilise currency as Tinubu taps investment banker to steer new policies
08/18/2023
The partnership is expected to scale up youth and women-led MSMEs, increase jobs, drive revenue and contribute significantly towards the reduction of environmental footprint.