Online News Magazine
Online News Magazine
…….. Issues Routine Transitional Guidance for Select Institutions As part of its ongoing efforts to strengthen the banking system, the Central Bank of Nigeria (CBN) has introduced time-bound measures for a small number of banks still completing their transition from the temporary regulatory support provided, mostly in response to the economic impact of the COVID-19 […]
Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has directed the extension of tax office operations to weekends for the month of June. The directive, according to a statement by Dare Adekanmbi, Special Adviser on Media to the FIRS chairman, is part of Adedeji’s commitment to matching the agency’s customer-centric policy with tangible […]
The Central Bank of Nigeria (CBN) has debunked a news story in circulation suggesting that the bank has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. The CBN, through its Acting Director of the Corporate Communications Department, Mrs. Hakama Sidi Ali described the information as false, misleading, […]
The Central Bank of Nigeria (CBN) has debunked a news story in circulation suggesting that the bank has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. The CBN, through its Acting Director of the Corporate Communications Department, Mrs. Hakama Sidi Ali described the information as false, misleading, […]
The Nigeria Deposit Insurance Corporation (NDIC) has called for feedbacks from financial services industry stakeholders, policy makers and the general public towards the ongoing revision of the International Association of Deposit Insurers (IADI) Core Principles for Effective Deposit Insurance System. The proposed revision launched by IADI in May 2025, is a significant step towards enhancing […]
The Securities and Exchange Commission (SEC) has sounded a renewed warning on the dangers of Ponzi schemes, highlighting their devastating impact on investor confidence, financial stability, and the Nigerian capital market. This was the central theme of a paper titled “Ponzi Schemes: Avoiding the Pitfalls of Illegality” presented by Head of the Enforcement Department of […]
United Capital Asset Management (UCAML), a leading asset management company and subsidiary of United Capital Group, has announced the official launch of its latest mutual fund – The Children Investment Fund (CIF) at an event held at the Wheatbaker Hotel, Lagos. The Children Investment Fund is a naira-denominated, open-ended mutual fund designed to provide Nigerian […]
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.50 per cent. This is the second consecutive time the CBN will fix the MPR at 27.50 per cent. Olayemi Cardoso, the CBN Governor, announced the decision on Tuesday after the meeting of its Monetary Policy Committee (MPC) in Abuja. He […]
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.50 per cent. This is the second consecutive time the CBN will fix the MPR at 27.50 per cent. Olayemi Cardoso, the CBN Governor, announced the decision on Tuesday after the meeting of its Monetary Policy Committee (MPC) in Abuja. He […]
The Central Bank Nigeria (CBN) has reassured the public, depositors and stakeholders that the Nigerian banking sector remains resilient, safe and sound. Reacting to certain publications and social media reports containing misleading information regarding the operations of a regulated financial institution, the apex bank allayed the fears of Nigerians that there is no cause for […]
