CBN Releases Guidelines For Payment Service Holding Companies

CBN Releases Guidelines For Payment Service Holding Companies

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for the establishment and regulation of Payments Service Holding Companies (PSHCs) in Nigeria.  A circular issued by Mr Musa Jimoh, CBN’s Director, Payments System Management Department instructed deposit money banks,...
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Sekibo: Market Formation Framework, Driver To Optimally Develop Solid Mineral Sector

Sekibo: Market Formation Framework, Driver To Optimally Develop Solid Mineral Sector

MD/CEO of Heritage Bank Plc, Ifie Sekibo has said that market formation framework is the key to optimally exploit Nigeria’s precious metal and solid minerals endowments.  He disclosed this during a webinar organised by the Securities and Exchange Commis...
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SEC Nigeria Proposes N10m Registration Fees For Issuing Houses, Others

SEC Nigeria Proposes N10m Registration Fees For Issuing Houses, Others

The Securities and Exchange Commission (SEC) has proposed N10 million registration fee for issuing houses, underwriters and fund managers from the current fee of N500,000.  The commission stated this in a document titled, “Exposure of proposed new rule ...
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G20 Finance Ministers Back Deal To Tax Companies

G20 Finance Ministers Back Deal To Tax Companies

G20 finance ministers have backed an “historic” plan which will see multinational companies pay their “fair share” of tax around the world. The plan to battle tax avoidance puts in place a minimum global corporate tax rate of 15%. ...
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FirstBank Shines In Global Banking, Finance Awards

FirstBank Shines In Global Banking, Finance Awards

First Bank of Nigeria Ltd., has been awarded the 2021 ‘Retail Banking CEO of the Year Nigeria’; ‘Most innovative Retail Banking App Nigeria’ and ‘’Best CSR Bank Nigeria.’’  In a statement issued on Sunday, Dr Adesola Adeduntan, Chief Execu...
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Fidelity Bank Declares N10.1B Profit Before Tax In Q1

Fidelity Bank Declares N10.1B Profit Before Tax In Q1

For the first quarter ended March 31, 2021, Fidelity Bank Plc has recorded improvement in its financial performance.  Details of the unaudited results, released at the Nigerian Stock Exchange (NSE) show that Profit before Tax (PBT) grew by 53.9% from...
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SIFAX Group, South Africa Chamber Discuss Financing Model For Maritime Sector

SIFAX Group, South Africa Chamber Discuss Financing Model For Maritime Sector

SIFAX Group, a group of companies with investment in Maritime, Aviation, Oil & Gas, Haulage & Logistics, Financial Services and Hospitality, in line with its industry leadership objectives takes the lead again in charting a new course for the funding.....
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NSE Begins Application Of 0.08% Stamp Duty On Securities Transactions Dec 7

NSE Begins Application Of 0.08% Stamp Duty On Securities Transactions Dec 7

The Nigerian Stock Exchange (NSE) has announced the revision of Stamp Duty on securities transactions to 0.08% from 0.075%, effective 7 December 2020.    In a statement on Thursday, NSE explained that the change is necessitated by the classifica...
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Unclaimed Dividend: ICSAN Urges Review Of Finance Bill

Unclaimed Dividend: ICSAN Urges Review Of Finance Bill

The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has called for review of Section 39 of the Finance Bill 2021 over its provision for take-over of unclaimed dividends of public listed companies. ICSAN President, Bode Ayeku made the.....
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Mixed Reactions Trail CBN‘s MPR Cut

Mixed Reactions Trail CBN‘s MPR Cut

Finanical experts on Tuesday expressed mixed reactions to the 100 basis points slash in the Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). The financial experts spoke with the News Agency...
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Ecobank Wins Innovation In Financial Services Award

Ecobank Wins Innovation In Financial Services Award

Ecobank Group has emerged winner of Innovation in Financial Services award at the 2020 edition of the prestigious African Banker magazine Awards.    The Awards, which reward banking excellence in Africa, were announ...
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Heritage Bank Upgrades HB ‘Padie’ Mobile App

Heritage Bank Upgrades HB ‘Padie’ Mobile App

Heritage Bank has upgraded its HB ‘Padie’ mobile application to HB ‘Padie’ 2.0, which comes with new improved features for convenient, quick, secure and affordable way for seamless 24/7 banking transaction.     A statement explained that the HB ‘...
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Labour Commends FIRS Over Increase In Revenue Generation

Labour Commends FIRS Over Increase In Revenue Generation

Organised Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has commended the management team of the Federal Inland Revenue Service (FIRS) for considerably boosting Federal Government revenue via stamp duty collection just as it...
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Stockbrokers Task FG On Fixed Income Securities

Stockbrokers Task FG On Fixed Income Securities

Stockbrokers on the Nigerian Stock Exchange have called for more issuance of fixed income securities by the government to finance infrastructure deficit. They described the recent over-subscription of Sukuk Ijarah, issued by the Federal Government, as a clear ...
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