Crypto Payments Coming to WhatsApp in Pilot Phase
Meta Platforms’ cryptocurrency wallet, Novi, will allow users to send and receive money through the social media giant’s messaging app,…
Presidency Debunks Claims of “No TIN No Bank Account”
The Presidency has said that there is no provision in the Finance Bill (2022) that states that banks will be…
IMF Warns That Crypto Assets May Displace Local Currencies in Developing Countries
The International Monetary Fund has said some emerging markets and developing economies face immediate and serious risks of currency substitution…
From Jan 1, Nigerians will pay 7.5% VAT on Facebook ads
Facebook says Nigerians will pay 7.5 percent value-added tax (VAT) on all ad placements from January 1, 2022. The social…
CBN Says Construction Sector Defaults Trigger Rise in Banks’ Bad Loans
The banking industry recorded a 13.6 per cent, month-on-month, MoM, increase in bad loans to N2.76 trillion in August, 2021,…
Loan Default: UBA Takes Over Abuja Disco
The United Bank for Africa Plc has taken over the majority stake in the Abuja Electricity Distribution Company and has…
Finance Bill Makes TIN Mandatory for Banks’ Account Holders
The Finance Bill 2021 has made it mandatory for commercial banks to demand Tax Identification Number from any individual seeking…
FG’s 2021 Deficit Rises 39% to N5.5trn in August – CBN
The Federal Government deficit spending in 2021 rose by 39 per cent, year-on-year, YoY, to N5.5 trillion in August. The…
Ecobank Nigeria Poaches MD Designate From GTBank
There has been a change of guard at trans-African lending powerhouse Ecobank Group, Nigerian subsidiary with the Bank announcing the…
ECOWAS Commission Technical Committee Meets on Single Currency Programme
The ECOWAS Commission through the Directorate of Macroeconomic Stability and Multilateral Surveillance has organized a two-day technical committee meeting on…