The Central Bank of Nigeria (CBN) has stated that its newly introduced policy, which imposes fees on cash withdrawals from Automated Teller Machines (ATMs) of banks other than the customer’s own, is advantageous for both banks and their clients.
Category: Business
FBN Holdings Plc has officially announced its rebranding to First HoldCo Plc (FirstHoldCo).
The Central Bank of Nigeria (CBN) says it will begin implementation of its reviewed transaction fees for automated teller machines (ATMs) from March 1.
The Trade Union Congress (TUC) has warned that it will not hesitate to take to the streets if the federal government does not reverse its recent decision to increase telecommunications rates by 50%.
The federal government has announced that it plans to raise electricity prices “in the coming months”.
The Nigerian National Petroleum Company (NNPC) on Thursday launched five liquefied natural gas (LNG) mini-plants in Ajaokuta, Kogi State.
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu for the alleged “arbitrary, unconstitutional, unlawful, unfair, and unreasonable 50% telecommunications rate increase” by the Nigerian Communications Commission (NCC).
The Federal Government, States and Local Government Councils have shared the total sum of ₦1.424trillion from FAAC, being December 2024 Federation Accounts Revenue.
After some Governors’ initial rejection of the controversial tax reform bills by President Bola Tinubu, all the governors have now thrown their weight behind the Federal Government’s but with a proposal for a new sharing formula for value-added tax (VAT).
The Nigerian National Petroleum Company (NNPCL), has revealed that N10 trillion was remitted to the Federation Account in 2024, which made it the highest taxpayer in Nigeria and the only company in Nigeria with 100% of its financial statements published annually.