Ways and Means are advances provided by the CBN to the Federal Government to cover revenue shortfalls in budget implementation. The National Assembl…
In July, the Senate amended the Finance Act to impose a 70 per cent windfall tax on banks’ foreign exchange profits. A windfall tax is a higher tax …
The apex bank ahead of announcing the new capital requirements of the banks said that the banks needed to be stronger and more stable to be able to d…
A banker who spoke with The PUNCH said, “You saw what happened during previous protests, banks were targets. We don’t want a repeat of a similar expe…
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