01/03/2022
Mohamud said assets and liabilities of each bank will be reviewed regularly to ensure the finances are healthy and that customer deposits are well covered by assets.
12/30/2021
The Act also provides that the CBK will make regulations necessary to give effect to the Act.
12/29/2021
The government announced last week that external debt grew to US$13.7 billion in September, up from roughly US$10.7 billion the previous year.
12/23/2021
This is because taxation is central to economic growth in relation to infrastructure development, service delivery and wealth creation.
12/21/2021
The Postbank started handling payments of social grants for the South African Social Security Agency (Sassa) in 2018. Nearly a year later, "serious irregularities" were found on the Sassa-branded cards the bank had issued.
12/20/2021
A top director in a Tier-II bank exclusively disclosed to THISDAY that the apex bank every week debited banks and merchant banks for not meeting the 27.5 per cent CRR threshold.
12/17/2021
These rules empower the SEC to levy, among others, fees on transactions relating to investments and securities business in Nigeria.
12/16/2021
The objective of the amendments is to strengthen the development of key sectors, such as innovation in terms of fintech and regtech.
12/16/2021
The apex bank said more than 50 per cent of the fund to be raised would come from local debt market, adding that the instrument would be mostly in naira.
12/15/2021
To better the statistics of its people living below the poverty line, there need to be drastic measures set in place to change lives positively.
12/15/2021
Emefiele who spoke at the ongoing 2021 Annual Bankers’ Committee Retreat in Lagos, stressed that banks should make credit available to the Small Medium Enterprises, SMEs, which he described as the engine of growth.
12/14/2021
The process is to be completed by April 15, 2022, when the holdco shares will be listed in Lagos.
12/14/2021
The UAE has 20 Double Taxation Agreements (DTAs) in force with African countries, while Mauritius have 16.
12/13/2021
To make a positive impact on the promotion of children's mental health, research has shown that it is crucial to involve the school community through a ‘whole school approach’ project.
12/13/2021
Going forward, the UBOs’ particulars shall be submitted annually together with the annual returns, failing which the annual returns will not be deemed as being filed.
12/13/2021
The COVID-19 pandemic was challenging but it also presented some opportunities.
12/13/2021
Financial stability is paramount for economic growth, as most transactions in the real economy are made through the financial system.
12/12/2021
The African tax haven, recently removed from the EU’s blacklist despite uproar, is prosecuting its first major money laundering case against an influential couple who feature among the wealthy elites in the Pandora Papers.
12/10/2021
This measure is aimed at enhancing transparency through comprehensive exchange of information between revenue authorities.
12/10/2021
Neobanks play an important role in helping to fill this gap, providing people with access to essential financial services, such as loans and the ability to save.