‘This is discriminatory’ — CIBN seeks meeting with Edun, CBN over windfall tax – The Cable News
by Busola Aro The Chartered Institute of Bankers of Nigeria (CIBN) has urged the federal government to reconsider the imposition of a 70 percent windfall tax on banks’…
CBN sells one-year Treasury Bills at 22.1% in July auction – Nairametrics
by Sami Tunji The Central Bank of Nigeria (CBN) has sold one-year Treasury Bills (T-Bills) at a stop rate of 22.1% during its July 24 auction. This move reflects…
Financial Industry Charged On Mentoring Young Talents – Leadership News
by Bukola Aro-Lambo The Nigerian financial Industry has been urged to strive towards mentoring young talents in the industry. Speaking at the first anniversary of 100 Women in Finance…
N’assembly increases windfall tax on banks to 70% in amended finance act – The Cable News
by Bunmi Aduloju The national assembly has increased the windfall tax on banks’ foreign exchange (FX) gains to 70 percent — from the proposed 50 percent — in…
FG committed to protecting capital market investment — Finance Minister – The Guardian News
By NAN Despite the volatility of the Nigerian economy, the Federal Government has assured investors and key players of the protection of their investments in the capital market….
Bankers, stakeholders urge Tinubu to withhold assent to Finance Act Bill 2024 – Vanguard News
By Peter Egwuatu Bankers, and other stakeholders in the financial sector have urged President Bola Tinubu to withhold assent to the Finance Act (Amendment) Bill 2024 as passed…
Airtel’s revenue falls to $1.16bn on naira devaluation – Business Day
By Temitayo Jaiyeola Airtel Africa’s reported revenue declined to $1.16 billion in the second quarter of 2024 on further naira devaluation in Nigeria. The telco’s constant revenue grew…
Exchange rate for Customs duties collection drops by N43 as Naira strengthens – Nairametrics
by Aghogho Udi The exchange rate for import duties collection by the Nigeria Customs Service (NCS) has declined from N1,584/$ on the 22nd of July to N1,541/$ today representing…
Nigerian crude oil sells $7.72 above budget benchmark price in Q1, 2024 – Nairametrics
by Aghogho Udi The average spot price of Nigeria reference crude oil (bonny light) stood at $85.68 in the first quarter of 2024- $7.72 above the benchmark price in…
RT Briscoe launches money market fund – Punch News
By Oluwakemi Abimbola RT Briscoe Nigeria Plc has launched its first money market fund, following approval from the Securities and Exchange Commission. The fund named ‘R.T. Briscoe Savings and…