Senate passes Finance Act amendment bill, increases banks’ windfall levy to 70%
The Nigerian senate yesterday passed the amendment bill of the 2023 finance act and increased the windfall levy on banks foreign ...
Tag: commercial banks
KPMG faults FG’s 50% windfall tax, says legal disputes may arise
Global tax and advisory service firm, KPMG Nigeria has criticised the 50% windfall tax on the bank’s foreign exchange revaluation ...
Here are the 17 companies licensed by CBN as mobile money operators in Nigeria
Nairametrics presents the 17 companies licensed by the Central Bank of Nigeria (CBN) to provide mobile money services.
SCOOP: CBN allegedly supplies mutilated N50 notes to banks, contributing to sustained cash scarcity
According to findings by Nairametrics, the CBN has been supplying commercial banks with damaged and faded N50 notes
Nigerian manufacturers lament difficulty in accessing dollars at official rates
MAN has urged the CBN to direct commercial banks to process FOREX allocation applications by manufacturers transparently.
N333 million loan: Court discharges four banks for complying with freeze order
An Abuja division of the Federal High Court has discharged four commercial banks in Nigeria from a proceeding following their ...
Drawings from SLF rises as commercial banks borrow more from CBN
Commercial Banks in Nigeria are increasingly borrowing cash from the central bank’s Standing Lending Facility.
Banks’ interest rates are high despite CBN’s LDR policy – Report
While the cost of funds to banks was declining, the lending rate to customers was on the rise, a signal ...
CBN debits banks N8.3 trillion as CRR in 2020
The Central Bank debited banks a whopping N8.3 trillion as CRR provisions in 2020 up 58% YoY.
USSD service disruption: MTN, banks meeting end in a deadlock, continues today
The meeting was adjourned to Wednesday after the Tuesday discussions on the issues surrounding the commercial dispute were inconclusive.
