Kogi Gov't Orders Arrest of Persons Rejecting Old Notes
The Kogi State Government on Friday ordered the arrest and prosecution of individuals and businesses rejecting the old naira notes.
A statement by Commissioner for Information, Kingsley Fanwo congratulated Nigerians on the “historic ruling of the Supreme...
Customers Reject Deposit Conditions As Banks Dispense Old Notes
More Commercial Banks have begun to dispense old N1,000 and N500 notes to their customers, about three days after a few banks started doing so.
Findings revealed that Polaris Bank and First Bank had started to pay...
Companies, Consumers Taxes Hit N5.3tn – NBS
The National Statistics Bureau data shows that consumers of goods and services and companies paid N5.34tn as taxes to the government in 2022.
This represents a 42.14 per cent increase from the N3.76tn that was raised in 2021. The...
Open Banking: CBN Issues Guidelines for Financial Stability
The Central Bank of Nigeria has issued operational guidelines for open banking to ensure stability in the nation’s financial system.
The apex bank in a circular referenced, ‘PSM/DIR/PUB/CIR/001/043’, and dated March 7, 2023, said the guidelines would create...
CBN Trains over 400 Kano Residents On e-Naira Usage
By Ozumi Abdul
The Central Bank of Nigeria (CBN) on Wednesday trained over 400 people in Kano state on the usage of the Central Bank Digital Currency (CBDC), popularly called e-Naira.
The training which was held in Gadun...
FG Raked In N697.38bn Through VAT In Q4, 2022 — NBS
The National Bureau of Statistics, NBS, said the aggregate Value Added Tax, VAT, stood at N697.38 billion in Q4 2022.
This is according to the VAT Q4 2022 Report released in Abuja on Wednesday.
The report...
