…Applaud Holdco Transition and Approve New Board Membership Shareholders of Guaranty Trust Holding Company (GTCO) Plc have unanimously endorsed the payment of a total dividend of N3 per share for the financial year ended December 31, 2021. This endorsement was…
President Muhammadu Buhari has received fresh review of the vertical revenue allocation formula from the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC). The new report proposed a sharing formula of 45.17 per cent for the federal government, 29.79 per cent …
The Institute of Chartered Secretaries and Administrators of Nigeria (ISCAN) has said that there was a need for Nigeria to increase its foreign exchange earnings. The President of the Institute, Mr Taiwo Owokalade,made this known during a media briefing in…
Bankole Taiwo, Abeokuta The Ogun State government has said that banks and other financial institutions are critical stakeholders in achieving its 2022 revenue targets. The State Commissioner for Finance and Chief Economic Adviser to the Governor, Mr. Dapo Okubadejo stated…
The Central Bank has fined four banks for flouting its directive on cryptocurrency transactions. The CBN had in February 2021 ordered all banks to close accounts of anyone who transacts in cryptocurrency. According to the CBN, dealing in cryptocurrency or…
The International Monetary Fund (IMF) has said Nigeria and other Sub-Saharan African countries face important monetary policy challenges as a fallout of the COVID-19 pandemic. The IMF made this known while explaining why dollar scarcity persists in emerging economies, especially…
The Central Bank of Nigeria (CBN) has advised citizens to patronise only financial institutions regulated by the bank to avoid being duped by scammers. Mr Osita Nwanisobi, the Director, Corporate Communications Department, CBN gave the advice during the CBN fair…
The Central Bank of Nigeria (CBN) has fined Nigerian commercial bank, Stanbic IBTC a total of N200 million for failing to obey the regulations prohibiting cryptocurrencies transactions by consumers. Recall that efforts have been made by the CBN to tighten…
The Debt Management Office (DMO), on behalf of the Federal Government has announced the offer for subscription of the February 2022 Federal Government Savings Bond to investors. This disclosure is contained in a circular issued by the DMO and can…
Ecobank Nigeria is partnering with Ogun State First Lady’s office to organize the maiden edition of the Adire Market Week, an initiative of Mrs. Bamidele Abiodun, wife of the Ogun State Governor and Founder of Ajose Foundation. The fair holds…
