Sunday, August 23, 2026
EU fines 5 banks $1.2bn for foreign exchange rigging
Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion Euros (1.2 billion dollars)...
Read moreDetailsAgain, NFIU warns banks, state govts not to tamper with LG funds
The Nigerian Financial Intelligence Unit has restated its warning to banks to ensure that local government funds are not tampered...
Read moreDetailsNESG launches “Better Tax” initiative to drive voluntary tax compliance
. 761,000 register for tax payment out of 57m economically active people The Nigeria Economic Summit Group (NESG), a policy...
Read moreDetailsEuropean Commission prepares raft of banking reforms after Brexit
The European Commission is working on its largest regulatory push on banking since the financial crash that could curb Britain’s...
Read moreDetailsNon-oil sector boosts GDP by 1.93%
The Bank of Industry (BoI) yesterday said the non-oil sector was primarily responsible for the annual Gross Domestic Product (GDP)...
Read moreDetailsCombined FAAC allocations for 2017, 2018 inadequate to fund 2019 budgets of 35 states – NEITI
The combined net disbursements from the Federation Allocation Account Committee (FAAC) to the 36 states and the Federal Capital Territory,...
Read moreDetailsSenate backs NFIU’s directive on Local Government finance
The senate on Wednesday, threw its weight behind financial guidelines for local governments recently introduced by the Nigerian Financial Intelligence...
Read moreDetailsAfDB, Fidelity Bank to fund MSMEs with $50m
The African Development Bank and Fidelity Bank Plc have signed a $50m financing agreement aimed at the funding and promoting...
Read moreDetailsFG offers 2, 3-year savings bonds at 11.74%, 12.74% for May
The federal government has offered for subscription of two-year savings bond at 11.74 per cent and three-year savings bond at...
Read moreDetailsTaxpayers hit 45m soon, says FIRS
The Federal Inland Revenue Service (FIRS) says the country’s taxpayers will soon increase to 45 million. Wahab Gbadamosi, the head,...
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