FG breaks silence on proposed new naira notes, raises alarm
FG breaks silence on proposed new naira notes, raises alarm Forty Eight hours after announcement of Naira redesign fixed for December 15, 2022 by the Central Bank of Nigeria (CBN), the Minister of Finance, Budget and National Planning, Zainab Ahmad, has disowned the policy. The Minister who commented on the policy in response to question raised by Senator Opeyemi Bamidele (APC Ekiti Central) during 2023 budget defence session she had with the Senate Committee on Finance, warned CBN of consequences that may arise from it. Senator Bamidele had …
FG clarifies gaming taxes to be collected by FIRS
FG clarifies gaming taxes to be collected by FIRS * Nigeria licensed online operators to deal with NLRC The Federal Government, weekend, clarified the controversy surrounding the collection of taxes from registered online gaming operators in the country. The clarification came on the heels of a recent statement from the Federal Inland Revenue Service, FIRS, to the effect that it (FIRS) has commenced direct collection of taxes from online gaming operators. The FIRS statement was said to have confused the operators in the gaming industry as the …
Unity Bank Declares N2.2 Billion Profit in Q3/2022, Grows Gross Earnings by 17%
Unity Bank Declares N2.2 Billion Profit in Q3/2022, Grows Gross Earnings by 17% LAGOS. 26.10.2022. Retail lender, Unity Bank Plc has declared a N2.2 billion profit for the nine-month period ended September 30, 2022, with 17% growth in gross earnings to N42.2 billion for the same period, as against N36.2 billion in the corresponding period of 2021. The increase can be attributed to new products that are focused on deep penetration and driving volume in the retail market space. A review of the Agric-focused lender’s unaudited nine-month res…
FIRST BANK OF NIGERIA LIMITED PARTNERS CFA SOCIETY NIGERIA TO HOST ITS ANNUAL FLAGSHIP EVENT, THE UNIVERSITIES ETHICS CHALLENGE
FIRST BANK OF NIGERIA LIMITED PARTNERS CFA SOCIETY NIGERIA TO HOST ITS ANNUAL FLAGSHIP EVENT, THE UNIVERSITIES ETHICS CHALLENGE First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its partnership with CFA Society Nigeria to host its annual flagship event, the Universities Ethics Challenge final, scheduled to hold at Radisson Blu Hotel, Victoria Island Lagos on Saturday, 29 October 2022. The Universities Ethics Challenge is designed to increase students' awareness of the eth…
UBA opens Saturdays for naira notes deposit
UBA opens Saturdays for naira notes deposit The United Bank for Africa (UBA) has opted to open on Saturdays to enable customers to deposit their existing naira notes pending the circulation of new ones in December 2022. This Central Bank of Nigeria (CBN) announced the redesign of naira notes on Wednesday, stating that the new notes will come into circulation on December 15. As a result, UBA in a circular, has encouraged its customers to deposit the current naira notes to the bank before it becomes banned in January 2023. “On 26th October …
Fidelity Bank Posts N25.1b H1 Profit, Proposes 10k Interim
Fidelity Bank Posts N25.1b H1 Profit, Proposes 10k Interim Amid harsh operating environment, Fidelity Bank Plc has posted Profit Before Tax (PBT) of N25.1 billion for its half-year (H1) 2022 operations, against N20.6 billion achieved in the corresponding period in 2021. Specifically, an analysis of the bank’s half year performance showed that PBT rose by 21.6 per cent, from N20.6 billion to N25.1 billion, while gross earnings increased by 37.9 per cent from N154.8 billion on account of 52.9 per cent growth in interest income. According to the…
Buhari Returns From South Korea
Buhari Returns From South Korea President Muhammadu Buhari on Friday returned to Abuja after a six-day official visit to Seoul, the capital of South Korea, for the First World Bio Summit 2022. The President arrived at the Presidential Wing of the Nnamdi Azikiwe International Airport, Abuja, around 6am. He was received by two governors, senior government officials and security chiefs. They included the governors of Katsina and Niger States; Hon. Aminu Bello Masari and Alhaji Abubakar Sani Bello; Minister of the Federal Capital Territory (FCT)…
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