The Nigerian Senate has approved an amendment to the Finance Act of 2023, increasing the windfall levy on banks’ foreign exchange gains from 50% to 70%....
Jaiz Bank has announced a 20% increase in its chairman’s annual income to N24 million. This decision was unveiled in a recent statement filed with the...
Nigerian President Bola Tinubu has announced a one-time 50% tax on windfall profits that banks reaped from currency gains following last year’s naira devaluation. This decision...
Zenith Bank Plc, Nigeria’s leading financial institution, held its Capital Markets Day last week to showcase the bank’s inherent values as it embarks on its recapitalisation...
Fidelity Bank PLC has launched a rights issue, offering 10 billion ordinary shares of 50 kobo each at N9.75 per share and an additional 3.2 billion...
Nigerian Deposit Money Banks borrowed N5.38 trillion from the Central Bank of Nigeria (CBN) in the first five days of July 2024. This was a 245...
The Nigerian government generated N78.95 billion from the N50 levy imposed on electronic bank transfers in the first five months of 2024. This revenue collection revealed...
Access Holdings Plc has received approval from the Securities and Exchange Commission (SEC) to proceed with its N351 billion rights issue capital raising programme. The approval,...
In a bid to stabilize the foreign exchange market and ensure efficient management of excess foreign currency, the Central Bank of Nigeria (CBN) has introduced new...
Guaranty Trust Holding Company Plc (GTCOPLC) has announced plans to raise up to N500 billion through a new share offering, according to a preliminary prospectus filed...