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LIRS sets January 31st deadline for filing tax returns

LIRS begins enforcement of substitution powers for tax

  • 25th January 2026

External reserves hits $46bn, highest in nearly eght

  • 25th January 2026

UK sets £40bn target for education exports by

  • 23rd January 2026

Cashew industry generates over $400m from export –

  • 23rd January 2026

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LIRS sets January 31st deadline for filing tax returns

LIRS begins enforcement of substitution powers for tax recovery

Business
Tinubu orders NNPC to sell Crude to Dangote in Naira

Tinubu heads to Turkey for strategic state visit Monday

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KLM suspends flights to Dubai, Riyadh, other Middle-East destinations

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Osun govt, APC clash over appointment of new teachers

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Tag: Bank

Wema Bank, NYSC collaborate on youth empowerment
Banking

Wema Bank profit rises by 105%

Wema Bank’s profit increased by more than 105 percent to N23.36 billion in 2023, from N11.35 billion the previous year. The PUNCH reported that according to the lender’s unaudited financial statement submitted with the Nigerian Exchange Limited on Tuesday, revenue increased by 61.36 per cent to N181.87 billion. Net interest income climbed to N83.11 billion […]

DataPro gives FSDH Merchant Bank an "A" rating
Business

DataPro gives FSDH Merchant Bank an “A” rating

A credit rating agency in Nigeria, DataPro, has granted FSDH Merchant Bank Limited a long-term rating of “A” with a stable outlook for 2023/2024. The PUNCH reported that this was stated in a statement issued by the credit rating firm on Sunday and signed by Client Services Manager, Kehinde Rasheed. Before the grade was awarded, […]

World Bank approves $300m support package for Ghana's economic recovery
featured

World Bank approves $300m support package for Ghana’s economic recovery

The World Bank has approved $300 million in funds to help Ghana’s economic recovery, according to a statement issued on Tuesday. According to Reuters, this came after Ghana successfully negotiated a reorganization of $5.4 billion in loans with its official creditors. The approved loan is the first in a series of three transactions totaling $300 million. The […]

LivingTrust Mortgage Bank repays DBN N950m loan
Business

LivingTrust Mortgage Bank repays DBN N950m loan

LivingTrust Mortgage Bank Plc has repaid a N950 million MSMEs grant to the Development Bank of Nigeria two months earlier than the planned date. The PUNCH reported that DBN disbursed the N950 million MSMEs fund to the bank on March 1, 2021, for a 36-month term, with the facility set to expire on March 1, […]

NNPCL fuel subsidy gains not fully remitted - World Bank
News

FG to expand $100m world bank-funded women’s project

The Federal Government has announced plans to expand the Nigeria for Women Project in partnership with the World Bank. AMBusiness reports that the alliance aims to expand economic empowerment to more rural populations. The Minister of Women Affairs, Uju Kennedy-Ohanenye, made the announcement during a crucial meeting in Abuja on Thursday, which was attended by key […]

Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing
Business

China cuts bank reserve first time in 2023

China’s central bank announced on Friday that it will reduce the amount of cash that banks must retain as reserves for the first time this year. The aim of the reserves cut according to the bank is to to maintain a surplus of liquidity and to promote the country’s economic recovery. The second-largest economy in […]

Logo and the photo of the Central Bank of Nigeria's building
Business

Elections: No plans to shut down bank transactions, CBN insists

The Central Bank of Nigeria has debunked rumours spreading that it plans to shut down bank transactions from February 23 to February 27, 2023 because of the forth coming election. This fake new was confirmed on the verified Instagram account of the apex bank on Wednesday where it advised Nigerians to be “wary of fake […]

New naira: Beware of currency hoarders, EFCC warns BDC operators
Business

EFCC retrieves unremitted N900m for NHIS

EfccIThe Economic and Financial Crimes Commission  has again retrieved a sum of N900 million for the National Health Insurance Scheme. The EFCC’s spokesman, Mr Wilson Uwujaren, disclosed this in a statement on Saturday. According to the News Agency of Nigeria, the council’s spokesperson claimed that the amount was a part of the money some banks […]

Zulum
Banking

Naira scarcity: Zulum inspects Maiduguri banks [Video]

The Executive Governor of Borno State, Prof. Babagana Umara Zulum, on Friday, visited various commercial banks across the state to conduct inspection.   Zulum, in an online video was seen physically inspecting banks in Maiduguri, the state capital.   Some of the banks visited were the branch of the Central Bank of Nigeria in the […]

Banking

ICPC storms banks to monitor cash disbursement

Oluwanifemi Ojo The Independent Corrupt Practices and Other Joint Task Force have begun monitoring the cash disbursement exercise as they visited two banks in Bauchi State on Tuesday. According to The Punch, the operations of this agency will cut across every part of the country. It was gathered that this operation was being carried out […]

Banking

Afreximbank launches TRADAR Club to boost African trade

African Export-Import Bank has launched TRADAR Club, a member-driven network aimed at empowering international businesses and executives to transform trade and investments within Africa.   Vanguard reported that Afreximbank’s Media representative, Amadou Sall, made this known in a statement on Monday in Abuja, during the operational launch of the TRADAR Club that featured a high-level […]

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