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Breaking news and reports on financial institutions, fiscal policies, government spending, and corporate finance developments.
FinanceNew Tax Laws
Banks Begin 10% Tax on Foreign Currency Deposit Interest
Nigerian banks have begun deducting a 10 percent withholding tax on interest earned from foreign currency deposits, effective January 1,...
Finance
GTCO gets approval to raise N10bn through private placement
Guaranty Trust Holding Company Plc has received approvals from the Central Bank of Nigeria and the Securities and Exchange Commission...
Finance
FG Begins $500m World Bank HOPE-GOV Programme Implementation
The federal government has commenced the implementation of the World Bank-assisted Human Capital Opportunities for Prosperity and Equity–Governance (HOPE-GOV) Program,...
Finance
Shareholders approve N15bn recapitalisation plan for Guinea Insurance
Shareholders of Guinea Insurance Plc have approved a plan to raise up to N15 billion in additional equity as part...
CompetitionFinance
Wema Bank Announces N120m Prize Pool for Hackaholics 6.0 Grand Finale
Wema Bank has announced a N120 million prize pool for the Hackaholics 6.0 grand finale following the emergence of 35...
Finance
Moneda Invest launches Africa Funds Africa to mobilize capital for SMEs
Moneda Invest, a pan-African alternative credit provider, has marked its 10th anniversary with the launch of Africa Funds Africa (AFA),...
Finance
World Bank Set to Approve $500m FINCLUDE Loan for Nigeria Today
The World Bank is set to approve a $500m loan to Nigeria on Friday to expand access to finance for...
Finance
NGF Pledges Effective Use of World Bank NG-CARES Funds
The Nigeria Governors’ Forum has pledged to ensure the proper and effective use of funds under the Nigeria Community Action...
Finance
UBA Backs Lagride with $100m to Expand EV Charging, Driver Ownership
The United Bank for Africa (UBA) Plc has provided a financing facility worth about $100 million to support Lagride in...
Finance
Ekiti approves PFF documents for World Bank SABER programme
The Ekiti State Executive Council has approved the Project Facilitation Fund (PFF) documents for implementation under the World Bank State...
