Nigeria’s premier and non-interest bank, Jaiz Bank Plc, has recorded its significant income growth and profitability growth in 2022, with the bank’s After-Tax Profit rising by 69 per cent to N6.9 billion, the highest in the past five years. Meanwhile,…
The Central Bank of Nigeria (CBN)’s non-oil exports repatriation rebate scheme appears to be yielding fruits as investigations reveal that inflows into the Investors and Exporters (I&E) window improved in the month of March. According to data obtained from the…
Revenue collection by two key agencies of the Federal Government (FG), the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS), rose to N12.7 trillion in 2022 representing a 46.8 percent increase from N8.7 trillion collected in 2021.…
By Seun Ibiyemi The National Agency for Food and Drug Administration and Control (NAFDAC), has pledged continued support for the Nano Micro, Small and Medium Enterprises NMSMEs to enable them to act as catalyst for the nations economic transformation. The…
Some financial experts say the Federal Government’s proposal to the incoming government to raise the Value Added Tax (VAT) from 7.5 per cent to 10 per cent will boost the nation’s revenues, if properly chanelled. They said this in separate…
The Board of Directors of the African Development Fund (ADF) has approved $8million to boost the banking system on the continent. A statement by African Development Bank (AfDB) said the fund was for establishing a digitally interoperable unique bank identification…
The World Bank has said the naira lost 10.2 per cent of its value in 2022. The bank was speaking on the heels of the rising food and fuel prices responsible for high inflation in the country in 2022. The…
By Seun Ibiyemi The Executive Director, Asset Management Corporation of Nigeria (AMCON) Dr Eberechukwu Uneze said the fact that AMCON has so far recovered over N1.4trillion out of the total N1.76trillion it paid to acquire Eligible Bank Assets from 22…
The Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf has charged operators in the Insurance and Pension industries to maintain excellent customer satisfaction to improve the sectors. Yusuf gave the charge while delivering a…
The Information Secur ity Society of Africa – Nigeria (ISSAN), a not-for-profit organisation dedicated to the protection of Nigeria’s cyberspace has called on banks and other financial institutions in the country to embark on deliberate efforts to train and retrain…
