Financial Services

Bank Directors call on National Assembly to revisit 70% windfall tax, says it is ill-timed, burdensome

by Aghogho Udi

The Bank Directors Association of Nigeria, (BDAN) has called on the National Assembly to revisit the 70% windfall tax amendment...

Economy

CBN resumes regular publications on Inflation, business expectations survey, others to promote transparency

by Cyrus Ademola

The Central Bank of Nigeria (CBN) has announced the reintroduction of periodic reports on key economic indicators as part of...

CBN incurs N1.55 trillion interest from T-Bills sales in first half of 2024

The Central Bank of Nigeria has incurred an estimated N1.55 trillion in interest payments for the 12 successful Treasury Bills...

Economy

Three MPC members vote to retain interest rate at 26.25% during July meeting

At least three members of the Monetary Policy Committee (MPC) voted to retain the Monetary Policy Rate (MPR) at 26.25%...

CBN and FBN Holdings urge Court to dismiss Barbican Capital’s suit over share dispute

by Nnaemeka Onyekachi

The Central Bank of Nigeria (CBN) and FBN Holdings Plc have asked a Federal High Court in Lagos to dismiss...

Exclusives

Court reverses TAJ Bank’s customers’ N139 Million ‘unlawfully’ credited due to system glitch

by Nnaemeka Onyekachi

The Federal High Court, Abuja, has granted an interim freezing order against several accounts in Fair Money Micro-finance Bank Ltd,...

Company Results

Coronation’s pre-tax profit soars to N2.6 billion in the second quarter of 2024

by Izuchukwu Okoye

Coronation Insurance posted a pre-tax profit of N2.6 billion in its recently published financial statement for the second quarter of...

Currencies

Nine firms purchase $25.76 million from CBN’s retail Dutch auction to repay loans

August 12, 2024

The Central Bank of Nigeria (CBN) conducted a Retail Dutch Auction on August 6, 2024, where nine companies purchased a...

NDIC pays 82.36% of insured deposits to customers of liquidated Heritage Bank