Ecobank educates customers on FG’s EMTL
Ecobank Nigeria has issued notice to its customers on the enforcement of the new transfer levy introduced by the government. In a message to its customers, the bank said “In line with the Federal Government’s Money Transfer Levy (EMTL)…
Saudi Arabia officially joins BRICS
The BRICS group has welcomed five new members, with further expansion expected later this year. Saudi Arabia on Tuesday officially announced that it has joined the BRICS+ group, with the news carried by state TV. Riyadh has been in negotiations…
Zenith Bank Explains EMTL to Customers
Zenith Bank Plc has given further clarification to the newly introduced Electronic Money Transfer Levy (EMTL) by the Federal Government. In an email sent to its customers, the bank said as follows: “Dear Valued Customer, “We have been mandated by…
NGX, PenCom to drive PFAs equity participation with Pension Broad Index
Nigerian Exchange Limited (NGX or The Exchange), in collaboration with the National Pension Commission (PenCom) launched the NGX Pension Broad Index (NGXPENBRD) on 15 June 2023, which provides a broader benchmark for equities investment by the pension industry. The NGX…
As Tinubu shuts down Buhari’s Single Treasury Account
President Bola Ahmed Tinubu’s administration has shut down the Single Treasury Account (TSA) formerly activated and used by Muhammadu Buhari’s government for revenue collection in the country. Therefore, the President, by this decision shown in a circular dated December 28,…
Trade Fair Complex ED calls for new partnership with stakeholders
The Executive Director of Lagos International Trade Fair Management Board, Barr. Vera Ndanusa has called for renewed partnership with stakeholders’ doing business in the complex in the new year, 2024. In a terse complementary message sent to all stakeholders and…
FG hangs new electronic money transfer tax on bank customers
At a time the government is encouraging cashless policy, effective January 1, 2024, the Federal Government has imposed yet another tax on electronic transfers it calls Electronic Money Transfer Levy EMTS. According to a memo by the Federal Inland Revenue…
NGX Releases Results of Half-Year Review of Market Indices
Nigerian Exchange Limited (“NGX” or “The Exchange”), the sustainable exchange championing the development of Africa’s largest economy, has announced the results of its half year market index review for the following indices – NGX 30; NGX Lotus Islamic; NGX Pension;…
Dollar losing share in oil transactions – JP Morgan
A fifth of global supplies were sold and purchased in other currencies, according to analysts’ estimates Global consumers and exporters of crude are now managing without dollar-denominated trade deals, the Wall Street Journal reported this week, citing the head of…
KPMG 2023 Customer Experience Report ranks Fidelity Bank high
The recently issued KPMG 2023 West Africa Banking Industry Customer Experience Survey, Fidelity Bank Plc recorded a marked improvement in its service delivery to customers from 2022 figures; moving from 13th to 5th position in Retail, 13th to 5th position…
