finance

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed. Federal Government has on March 18 announced a slash in the 2020 budget by N1.5tn as part of measures to respond to the impact of coronavirus on the economy. Also…

Central Bank of Nigeria (CBN), Godwin Emefiele The Central Bank of Nigeria (CBN) has said that it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks. CBN's Director of Corporate Communications,…

Nigerian businesses have kicked off the implementation of the 7.5% Value Added Tax (VAT) rate, following the introduction of the Finance Bill. Last month, President Muhammadu Buhari had signed the country's finance bill into law, with…

Guaranty Trust Bank, GTBank had on Monday, 20 January 2020 announced the extension of its banking hours till 6 pm due series of banking issues faced by customers. The extension, the bank said, was to make up for the inconveniences…

President Buhari signing finance bill on January 2019 President Muhammed on Monday signed the finance bill that the National Assembly passed in November 2019 into law. The law has however drawn a lot of mixed reactions from…

Some Nigerians have reacted to the decision of the founder and presiding Bishop of Faith Tabernacle, aka Winners Chapel, David Oyedepo to dismiss some church officials for allegedly stealing from the church’s treasury. Oyedepo had made…

The decline in foreign exchange reserves which dipped to $39.2 billion is threatening the naira, The Nation reports. For two years the naira exchange rate against the dollar and other currencies has been stable. A member of the Central…

To guard against excess, unapproved or arbitrary charges by banks and other financial institutions, Central  Bank of Nigeria (CBN) says any bank that charges customers above approved thresholds will pay a N2 million fine per infraction. …

TAJBank, Nigeria’s second non-interest financial institution will today officially open its doors to customers as it commences operations in Abuja. Speaking in an interview, the Founder and Chief Operating Officer of the Bank, Mr Hamid…

The International Police has issued an arrest warrant for Diezani Allison-Madueke following a request by the Federal Government to the agency. According to reports, the necessary charges had been filed and attached to the extradition…

Photo courtesy of Guardian NGR and powered by Zenith Bank.

Photo courtesy of Guardian NGR and powered by Zenith Bank.

Photo courtesy of Guardian NGR and powered by Zenith Bank.

The naira has been firming up in the last few days as politicians pumped stockpiled dollars into the economy for campaigns, The Nationhas learnt. The naira, which exchanging at N361 to dollar early last week, firmed at N357 in the…

Photo courtesy of Guardian NGR and powered by Zenith Bank