The Central Bank of Nigeria (CBN) has reportedly approved 20,000 dollars each for eligible Bureau De Change (BDCs) at the rate of N1,580 to a dollar. This is according to a statement issued by Dr Williams Kanaya, the Acting Director, Trade and Exchange Department of the apex bank. “This is to inform the BDC operators and the general pub ... Read more

Guaranty Trust Bank Ltd (“GTBank,” or “the Bank”), flagship subsidiary of Guaranty Trust Holding Company Plc (GTCO), one of the largest financial services institutions in Africa, has been named Best Bank in Corporate Social Responsibility in Nigeria at the prestigious Euromoney Awards for Excellence 2024. This recognition ... Read more

World Bank has placed Nigeria as the third largest debtor to the Bank’s International Development Association (IDA) as of June 30, 2024. According to the financial statement from the bank, Nigeria’s exposure to IDA rose to $16.5 billion as at June 30, which is an increase of $2.2 billion, or 14.4% over $14.3 billion recorded at the e ... Read more

Taiwo Oyedele, Chairman Presidential Fiscal Policy and Tax Reforms Committee, has hinted that the committee is proposing a law to the National Assembly to increase valued added tax from the current 7.5% to 10%. Oyedele made this disclosure while speaking during an interview on Channels TV’s Politics Today on Tuesday. He also said that h ... Read more

In line with its commitment to support the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSMEs) on the continent, Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to host another edition of its business series. This edition of the business series, “Built to Last: Building Generational Business, ... Read more

Leading financial institution in Nigeria, Fidelity Bank Plc, has assured its customers of unwavering commitment to upholding the highest level of ethical standards in all dealings with customer data. The assurance comes amid allegations by the Nigerian Data Protection Agency (NDPA) against the bank relating to data breach. While reiterating i ... Read more