Online News Magazine
Online News Magazine
The Central Bank of Nigeria (CBN) has clarified recent speculations regarding charges related to the newly launched Non-Resident Bank Verification Number (NRBVN) platform, affirming that no hidden fees have been introduced and that the BVN enrolment for Nigerians residing within the country remains entirely free of charge. Making the clarification in Abuja on Friday, the […]
Jaiz Bank Plc. Nigeria’s pioneer non-interest bank, has announced the appointments of Ahmed Mohammed Indimi as a Non-Executive Director and Nike Kolawole as an Independent Non-Executive Director on its Board. In a statement issued by the bank in Abuja, the bank said the appointments were made to enhance its leadership with professionals and experienced individuals […]
……To Pay Shareholders 7 kobo Dividend Jaiz Bank Plc, Nigeria’s pioneer non-interest bank, has released its full year audited result and accounts ended December 31, 2024, with profit after tax (PAT) of N23.48 billion. The bank, in a press statement, reported an impressive PAT of 108.99 percent over N11.05 billion declared in full year ended […]
The International Monetary Fund (IMF) has lauded Nigeria for making meaningful progress following a series of significant structural reforms to restore financial discipline and credibility. According to the IMF’s latest Article IV Consultation, Nigeria’s authorities have implemented bold and politically difficult policies that have “improved macroeconomic stability and enhanced resilience.” The IMF noted that a […]
…….. 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 […]
