The Central Bank of Nigeria (CBN) has issued a strong warning to banks that restrict customers from withdrawing up to N20,000 per transaction at Automated Teller Machines (ATMs), despite having…
Nigerians will soon pay more to access cash from Automated Teller Machines (ATMs) as the Central Bank of Nigeria (CBN) has introduced new withdrawal charges, eliminating free interbank transactions and…
A total of N1.727 trillion, representing the November 2024 Federation Accounts Revenue, was distributed among the Federal, State, and Local Governments during the December meeting of the Federation Accounts Allocation…
The Central Bank of Nigeria (CBN) has said the old N1,000, N500, and N200 banknotes still in circulation are valid and should be accepted by all. In a statement issued…
The Federation Accounts Allocation Committee (FAAC) on Wednesday disbursed a total sum of N1.411 trillion to the three tiers of government and other relevant stakeholders, for the month of October…
The Federal Executive Council has approved a proposed national budget of ₦47.9 trillion for the 2025 fiscal year. The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this on…
The Federal, State, and Local Governments have shared N1.298 trillion from the Federation Account Allocation Committee (FAAC) for September 2024. The distribution took place during the FAAC October 2024 meeting,…
Chairman of the Federal Inland Revenue Service (FIRS), Zack Adedeji said on Wednesday that the tax reform bills recently presented to the National Assembly are not aimed at increasing taxes…
The Central Bank of Nigeria (CBN) has introduced an Electronic Foreign Exchange Matching System (EFEMS) for Foreign Exchange (FX) transactions within the Nigerian Foreign Exchange Market (NFEM). According to the…
Financial technology companies have started charging levies on electronic transfers into personal and business accounts in compliance with the Federal Inland Revenue Service regulations. In a notice to its customers…