Bank & Finance

Sep 17, 2019
The Federal Government of Nigeria Wednesday proposed an increment of the Valued Added Tax. The increment will see the VAT rising from 5% to 7.2%. The Minister of Finance, Budget and National…
Sep 15, 2019
Angola is attracting renewed interest from Chinese business owners since it lifted curbs on money transfers, following an exodus of tens of thousands of Chinese amid an economic crisis. Africa’s…
Sep 08, 2019
The African Export-Import Bank (Afreximbank) says it will allocate 500 million dollars from its Nigeria-Africa Trade and Investment Promotion Fund to support Nigerian manufacturers. According to a statement by the…
Sep 05, 2019
The Nigerian Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has revealed plans by the Federal Government to set up a multi-donor trust fund after arrangements for the…
Sep 02, 2019
The Central Bank of Nigeria (CBN) has directed Nigerians to deposit overused or mutilated Naira notes in any bank branch closer to them, on or before September 2, 2019. The…
Sep 02, 2019
Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, has announced its mid-year audited results for the period ended June 30, 2019. The Group also announced an interim…
Sep 02, 2019
Nigeria lost about N8.93 billion to cyber criminals representing 59 percent of funds stolen through internet and technology based crimes in 2018 alone. This was revealed by the Chairman, Global…
Aug 30, 2019
Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, has announced its mid-year audited results for the period ended June 30, 2019, as it recorded a profit of…
Aug 25, 2019
Isaac and Bless Boahen saved for months to fund her economics doctorate, but when the time came to cash in the investment, they were left empty handed. The couple are…
Aug 20, 2019
The Naira on Monday traded at N358.6 to the Dollar at the parallel market in Lagos.   The Pound sterling and the Euro closed at N445 and N396, respectively.  …
Aug 06, 2019
US Treasury Department accuses China of being a currency manipulator. Above, the Chinese Yuan and US dollar   The US Treasury Department on Monday labelled China a currency manipulator, escalating…
Aug 06, 2019
The Board of Directors of Keystone Bank Limited has announced the appointment of three new Executive Directors. This is in line with strategic business intent and corporate realignment of the…
Aug 04, 2019
The Nakpodias jailed for laundering money to Black Axe leader in Nigeria. L-R, Unuakpotovo, Okemiorukaye and Esther Three Nigerian siblings who were working directly for the leader of the Nigerian…
Aug 03, 2019
The Federal Airports Authority of Nigeria (FAAN) on Friday said it has suspended indefinitely the Aviation Security Officer, Jennifer Luka, who was involved in an alleged $600 theft at the…
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