The Federal Government has stated that the introduction of crude oil sales in Naira is a strategic move aimed at enhancing the operational efficiency of local refineries by reducing foreign exchange risks and transaction costs. President Bola Tinubu made this…
…Recommends retaining current 7.5% VAT rate By Austine Agbo Emmanuel, Kaduna Arewa Consultative Forum (ACF) has submitted a comprehensive report to the National Assembly detailing its concerns and recommendations on the proposed Executive Tax Reform Bills. In a statement issued…
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to enhancing economic cooperation between Nigeria and the Kingdom of Saudi Arabia, according to a statement released recently. CBN Governor Olayemi Cardoso made this known during a courtesy visit by…
Sterling Financial Holdings Company Plc has communicated to the public and the Nigerian Exchange Group (NGX) regarding the delayed filing of its Audited Financial Statements for the fiscal year ending 31st December 2024. According to the disclosure signed by the…
Fidelity Bank Plc is making impressive strides on its path to fulfilling the recapitalisation targets set by the Central Bank of Nigeria (CBN). With a successful first phase of its capital-raising initiative that recorded over 238% over subscription and share…
…Returns as headline sponsor for 2025 NBC Trade Fair Wema Bank, Nigeria’s most innovative financial institution and pioneer of Africa’s first fully digital bank, ALAT, has reaffirmed its dedication to empowering women-led businesses in the country. This reaffirmation was disclosed…
By Matthew Denis The World Bank has announced a $60 million allocation to train 75,000 Nigerian youths under the Nigerian Youth Employment Through Skills Acquisition Fund (NYESAF). The initiative is part of the Innovation, Development, and Effectiveness in the Acquisition…
The Central Bank of Nigeria (CBN) on Thursday retained its benchmark interest rate known as the Policy Rate (MPR) at 27.5 percent, following the rebased consumer price index (CPI). The National Bureau of Statistics (NBS) on Tuesday rebased the CPI…
By Austine Agbo Emmanuel, Kaduna The Nigeria Deposit Insurance Corporation (NDIC) has successfully auctioned off the assets of the defunct Heritage Bank, including landed properties and chattels, as part of its statutory mandate under Section 62 (1)(d) of the NDIC…
To further strengthen Nigeria’s trade finance sector, First City Monument Bank Limited (FCMB) and Union Systems Limited (USL) have renewed their partnership for the Bank’s continued use of Kachasi, a fully automated, end-to-end platform providing comprehensive local and international trade…
