NCC Compensation Policy Wins Praise for Telcos Reward
NCAN praises NCC's policy for automatic compensation to subscribers for poor service, hailing Maida's consumer-focused approach and local monitoring.
Category : Banking
Banks Deduct 10% Tax on FX Savings Interest in Nigeria
Nigerian banks now deduct 10% withholding tax on interest from foreign currency savings accounts under the Nigeria Tax Act 2025, affecting dollar, pound, and euro accounts.
Tatum Bank Celebrates First Year with Strong Growth
Tatum Bank celebrates its first anniversary, highlighting strong financial performance, digital innovation, and meeting CBN recapitalisation requirements, with plans for continued growth.
Lagos Retirees Get N1.13 Billion Pension Bond Payouts
Lagos State releases N1.13 billion to 668 retirees under pension reform, reinforcing commitment to prompt benefits and financial security.
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Nigeria Hits 185.7m Active Subscribers; Telcos Compensate
Nigeria's active telephone subscribers rose to 185.7 million in March 2026. Meanwhile, NCC enforces compensation for poor service, with Airtel and MTN issuing airtime refunds.
ICAN Tasks 1,113 New Fellows on Best Practices
ICAN President Dr. Haruna Yahaya urged 1,113 new fellows to prioritize financial integrity and global best practices amid economic uncertainties and technological disruption.
Zenith Bank Launches in Côte d’Ivoire, Expands West Africa
Zenith Bank Plc has launched a new subsidiary in Côte d’Ivoire, marking its entry into Francophone West Africa. The move strengthens its pan-African footprint and trade finance capabilities.
Telcos Start Compensating Subscribers for Network Failures
Nigerian telecom operators have started compensating subscribers for poor network service following an NCC directive. Airtel and MTN have credited airtime to affected customers.
Otedola Denies Funding Dangote Refinery: Not One Naira
Femi Otedola refutes claims of funding Dangote Refinery, stating he invested no money. He clarifies interest only in future IPO, not construction.
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CBN Scraps Card Fees, Free Email Alerts in New Banking Charges
The Central Bank of Nigeria has eliminated card maintenance fees and made email alerts free under a revised banking charges framework effective May 1, 2026, bringing relief to millions.
Nigeria Needs Domestic Capital for Infrastructure, Says PIDG CEO
PIDG CEO Phillipe Valahu discusses domestic capital mobilisation, credit enhancement, and PPPs to bridge Nigeria's infrastructure gap.
Lagos Workers Demand N225,000 Minimum Wage Amid NLC Talks
Organised labour plans to renegotiate the national minimum wage by July 2026, while Lagos NLC demands an increase from N85,000 to N225,000 due to rising living costs.
ATOPCON Urged to Leverage New Tax Act Incentives
ATOPCON has been urged to embrace the new Nigerian Tax Act's incentives for real estate professionals. Experts advise proper record-keeping and tax compliance to reshape urban planning practice.
Cynthia Ikponmwosa Leads LAPO Microfinance Bank into New Era
Cynthia Ikponmwosa, MD of LAPO Microfinance Bank, discusses leadership, digital transformation, and balancing social impact with profitability in Nigeria's tough economy.
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Mum Shocked by N37,088 Monthly Interest on Daughter's Bank Account
A Nigerian mother expresses amazement after her daughter's bank pays N37,088.56 monthly interest, deducting N3,708.86 state withholding tax, sparking online reactions.
MTN Nigeria Sheds MoMo Stake to Focus on Core Telecoms
MTN Nigeria shareholders approved the sale of majority stakes in fintech arms MoMo PSB and YDFS, allowing MTN Group to invest ₦152.06 billion for a 60% stake, reducing MTN Nigeria's ownership to 40%.
Sanwo-Olu Assures Workers of Salary Review in Lagos
Governor Sanwo-Olu promises further minimum wage review and improved welfare for Lagos workers during Workers' Day celebration, while gig unions demand recognition.
Wema Bank Marks 81st Anniversary, ALAT at Nine
Wema Bank celebrates 81 years and ALAT's ninth anniversary, launching the '5 for 5' season five and customer-focused support programs.
Access Holdings Posts Over N1 Trillion Profit
Access Holdings Plc reports over N1 trillion profit before tax for 2025, a 16.2% increase, driven by diversified income and strong deposit growth.
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Eterna Q1 2026: Revenue N70.45bn, Profit N1.38bn
Eterna Plc reports N70.45bn revenue and N1.38bn profit after tax for Q1 2026, driven by operational efficiency and growth in core segments.
MTN Nigeria Shareholders Approve N152b Fintech Stake Sale
MTN Nigeria shareholders approved the sale of a majority stake in its fintech arms to MTN Group for N152 billion, shifting capital burden and regulatory oversight.
UBA Pushes Bank-Fintech Collaboration at African Conference
UBA hosted its inaugural Fintech Conference, urging deeper collaboration between banks and fintechs to drive financial inclusion and innovation across Africa.
Data-Driven Trust Key to Unlocking $32.3bn SME Gap
CRC Credit Bureau calls for data-driven trust infrastructure to unlock Nigeria's $32.3 billion SME financing gap, as MD Dr Popoola delivers lecture at KWASU.
Cybervergent v3.0 Launch and Expansion into Kenya, Ghana, SA
Cybervergent launches AI-powered v3.0 platform for continuous risk and compliance management, expanding into Kenya, Ghana, and South Africa with local partnerships.
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German Firms Partner Nigerian Talents for Labour Mobility
German and Nigerian companies strengthen ICT partnership to boost labour mobility, trade ties, and address skilled talent deficit through business matching.
Nigeria Rev360: NRS Launches Digital Tax Platform
The Nigeria Revenue Service launches Rev360, a digital tax platform ushering in Tax Administration 3.0 to enhance efficiency, transparency, and taxpayer experience.
CBN New BVN Rules: Key Changes Effective May 1, 2026
The Central Bank of Nigeria introduces tough BVN regulations from May 1, 2026, including one-time phone number change, one-device rule, and transaction caps to combat fraud.
ACCI Roundtable to Bridge Funding Gap for Women Businesses
ACCI hosts a stakeholder roundtable on non-interest funding for women-owned businesses to improve financial inclusion and expand access to capital for female entrepreneurs.
Senate Fast-Tracks Yuguda’s CBN Deputy Governor Confirmation
The Senate swiftly advanced Lamido Abubakar Yuguda's confirmation as CBN Deputy Governor, granting him a 'take a bow and go' privilege to bypass questioning.
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United Capital Beats SEC Capital Deadline, Fully Compliant
United Capital Group completes recapitalisation of SEC-regulated subsidiaries, meeting revised minimum capital requirements 14 months before the June 2027 deadline.
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