May 6, 2021
  • May 6, 2021

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Covid-19: Banks are leveraging digital tech to drive growth ~Ecobank chief

by on September 11, 2020 0
Nigerian Banks are leveraging Digital technology to drive customer satisfaction, especially in response to the demands of COVID-19, the chairman of the Chartered Institute of Bankers (CIBN) Consultative Committee organizing its bankers’ conference, Patrick Akinwuntan has said. Akinwuntan, who is also the chief executive of Ecobank Nigeria said the evolution of digital banking is... Read More

FIRS opens online income tax portal for financial institutions

by on September 6, 2020 0
The Federal Inland Revenue Service (FIRS) on Sunday said it has inaugurated a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for the use of financial institutions in the country. In a statement FIRS Director, Communications and Liaison, Abdullahi Ahmad, said the step was part of the service’s ongoing reforms to align the... Read More

CBN moves to check over-invoicing of imported goods

by on August 25, 2020 0
By Samuel Bankole The Central Bank of Nigeria (CBN) said it plans to introduce a Product Price Verification Mechanism as part of measures to check over-pricing and wrong pricing of goods and services imported into the country. The regulatory bank said in a circular to all foreign exchange dealers that the measure was meant... Read More

CBN probes 12 firms for forex infractions, freeze bank accounts

by on August 24, 2020 0
* Court grants permission to freeze accounts * Allegations of illegal importations The Central Bank of Nigeria (CBN) is investigating the activities of 12 companies discovered to have engaged in foreign exchange manipulations and causing negative impacts on the domestic forex market. The regulatory bank said the companies have been engaging in the importations... Read More