The Federal Government, on Wednesday, revealed that states had received N471.9bn of the $1.5bn World Bank-assisted States Fiscal Transparency, Accountability and Sustainability Programme for Results.
The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, disclosed this at the launch of the States Charter to sustain fiscal transparency, accountability and sustainability reforms at…
Mobile transactions have risen by N8.981 trillion between the first seven months of 2019 and the corresponding period of 2022.
They have risen from N289.12bn to N9.27tn, according to data from the Nigeria Interbank Settlement System.
This is as the value of cheque…
Jaiz bank pic says in that in the 10 years of its existence, it has grown its balance sheet from N12 billion in 2011 to N300 billion in 2021.
Within the same period, the bank witnessed rapid branch expansion from three to 45 branches spread across the country today.
Managing…
The Federal Government is set to make a total of N483.73bn in three years from electronic payment boom by way of the Electronic Money Transfer Levy.
This projection was made by the Budget Office of the Federation and revealed in its 2023 – 2025 Medium Term Expenditure Framework and Fiscal Strategy Paper.
The EMTL was introduced in the Finance Act 2020, which amended the Stamp Duty Act to tap…
The naira yesterday weakened against the dollar at the parallel section of the foreign exchange (forex) market.
Bureaux De Change operators (BDCs), popularly known as ‘abokis’, said the local currency depreciated by N15 or 2.3 per cent to trade at N680 per dollar at the…
A former Minister of Finance, Dr. Shamsuddeen Usman, has been appointed as the Chairman of Citibank Bank Nigeria.
He is the third chairman of the bank in Nigeria since inception.
Usman has been on the Board of Citibank Nigeria as an Independent non-Executive Director since…
The National Pension Commission (PenCom) has said that Pension Fund Administrators (PFAs) generated total earnings of N125.39 billion in the financial year ended 31 December 2021.
The total earnings of the PFAs indicate a 14.33 per cent increase, when compared with total income of N109.68 billion earned in 2020.
This was made known by the commission in its 2021 annual report obtained by the…
Digital banking is the new route that financial service providers and regulators are travelling to offer seamless services to the banked, and encourages the unbanked and underbanked to join the financial services net.
Two channels have for long dominated the digital banking…
Unity Bank Plc has posted gross earnings of N27.6 billion for its half-year results, representing a growth of 17 per cent year-on-year.
In its unaudited half-year financials submitted to the Nigeria Exchange Group Limited, the bank also made significant improvements across…
Famous Baker and cake designer, who runs the popular YouTube Channel ‘How to cake it’ Yolande Gampp from Toronto, Canada, top Nigerian bakers in Diaspora and bakers in Nigeria will facilitate sessions at Bakers’ seminar in Lagos slated for September 5-7 at the Eko Convention Centre, Eko Hotel and Suites.
The Convener Dewdrops Uncut Learning and CEO Dew Drops Cakes, Mrs Ezinne Okonkwo, stated…