Regulatory, cyber, economic risks worry Nigerian businesses —Report
In Nigeria, the Allianz Risk Barometer Report has highlighted the increasing worries surrounding Changes in legislation and regulation, Cyber incidents, and Macroeconomic developments, which have emerged as joint top risks with 36% of responses. Changes in legislation and regulation climbed…
JTB, Customs partner for Effective Tax Management
In a bid to enhance effective tax management in Nigeria, Mr. Olusegun Adesokan, the Secretary of the Joint Tax Board, paid a visit to the Comptroller General of Customs, Bashir Adewale Adeniyi, on January 16, 2023. The visit aimed at…
Chief Economists Outlook: More Economic Uncertainty on the Horizon
Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released today, as the global economy continues to grapple with headwinds from tight financial conditions, geopolitical rifts and rapid advances in generative artificial intelligence…
DSS arrests CBN Deputy Gov. Aisha Ahmad over fraudulent bank acquisition
The Deputy Governor of the Central Bank of Nigeria in charge of Financial System Stability, Aisha Ahmad, has been arrested and detained by the Department of State Services (DSS) over the alleged fraudulent acquisition of shares in Polaris Bank, Titan…
CBN replaces sacked Board of Union, Keystone, Polaris Banks
Few hours after dissolving the board and management of Polaris, Union, and Keystone banks, the Central Bank of Nigeria (CBN) has appointed new chief executives and executive directors to oversee the affairs of the banks. The apex bank in a…
Zenith Bank CEO not arrested by EFCC, He’s on duty—Mgt.
Zenith Bank PLC, one of Nigeria’s leading financial institutions, has dismissed as entirely untrue reports on the purported arrest of its Group Managing Director, Dr. Ebenezer Onyeagwu, in a section of the media. The reports had claimed Onyeagwu was arrested…
Obazee Report takes toll on 4 Banks as CBN sacks Boards
As part of the drive to clean up the mess in the banking sector, President Bola Tinubu has started the implementation of the report of the Special Investigator on Central Bank of Nigeria (CBN) and Related entities, Jim Obazee with…
Zenith, Providus, Jaiz Banks to assist EFCC In Humanitarian Ministry Probe
The Group Managing Directors (GMDs) of Zenith, Providus and Jaiz banks, on Tuesday, honoured the invitation by the Economic and Financial Crimes Commission (EFCC), to hand over documents relating to accounts operated by the Ministry of Humanitarian Affairs to the…
Revalidate your KYC Details Ahead of January 31 Deadline, PalmPay Urges Users
Ahead of the January 31, 2024 deadline by the Central Bank of Nigeria (CBN) for existing users of fintech companies to upgrade their wallets, leading fintech company PalmPay has urged its users to upgrade their KYC details. Fintech users affected…
Dangote says EFCC only visited and not raided head office
Contrary to viral news report that offices were ransacked, the management of Dangote Industries Limited has doused the concerns of stakeholders following the visit to its Head office in Lagos by officials of the Economic and Financial Crimes Commission (EFCC)…
