Banking institutions

CBN Restricts Banks From Using Forex Gains For Dividends

In a move that aims to safeguard the stability of Nigeria’s financial sector, the Central Bank of Nigeria (CBN) has issued a directive to...

Tax revenue rises 17% to N3.48trn in H1’23

September 5, 2023. Azonuchechi Chukwu. Revenue from Value Added Tax (VAT) and Company Income Tax, CIT, grew Year-on-Year (YoY) by 17 percent to N3.48 trillion in...

Revenue from Solid minerals increase by N814bn in 15 years – NEITI

September 5, 2023. Azonuchechi Chukwu. The Nigeria Extractive Industries Transparency Initiative, on Monday, announced that Nigeria’s earnings from the solid minerals sector between 2007 and 2021,...

Nigeria’s VAT Revenue Surges 30% YoY to Reach NGN 781 Billion in Q2 2023

The latest report on Value Added Tax (VAT) from the NBS reveals that the federation's gross VAT collections for Q2 '23 experienced significant growth,...

UBA, Access others Nigerian banks declare two-day nationwide strike

Nigerian banks, including the United Bank of Africa (UBA) and Access Bank, among others, have jointly announced their intention to initiate a nationwide strike...

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