4 h. ago Savings in bank accounts won’t be taxed, only profits — NRS boss

Nigeria’s Revenue Service chief clarifies new tax laws. Your bank savings are safe from taxes; only profits are taxed, not personal funds or transfers. Read More: https://punchng.com/savings-in-bank-accounts-wont-be-taxed-only-profits-nrs-boss/

Economics

11 h. ago Cool Microfinance Bank Opens Headquarters in Lagos, Begins Operations

Cool Microfinance Bank Limited has officially opened its headquarters in Lagos, marking the start of its banking services in Nigeria. read more Cool Microfinance Bank Opens Headquarters in Lagos, Begins Operations

Politics

23 h. ago Three bank mergers loom ahead of recapitalisation deadline –Report

Three bank mergers are expected in Nigeria ahead of the 2026 recapitalisation deadline, as lenders scramble to meet new CBN capital requirements. Read More: https://punchng.com/three-bank-mergers-loom-ahead-of-recapitalisation-deadline-report/

Politics

39 h. ago NDIC Announces ₦24.3bn Second Liquidation Dividend For Heritage Bank Depositors

This latest payout follows the revocation of Heritage Bank’s operating license by the Central Bank of Nigeria (CBN) on June 3, 2024. The post NDIC Announces ₦24.3bn Second Liquidation Dividend For Heritage Bank Depositors appeared first on Channels Television.

Politics

44 h. ago Recapitalisation: Combined Capital Of 21 Banks Hits N5.14trn

Nigeria’s banking sector is fast approaching the end of the Central Bank of Nigeria’s recapitalisation programme with a combined capital base of about N5.142 trillion already locked in by lenders across the different licence categories, disclosures made by the banks have shown. The figures show that 21 out of the 37 commercial, merchant and non-interest […]

Politics

65 h. ago Transmission Company, Partners Educate Abia, Imo, Anambra Communities On Line Upgrades

The Transmission Company of Nigeria (TCN), in partnership with the African Development Bank (AfDB) and the Federal Ministry of Finance have carried out a sensitisation programme for Project Affected Persons (PAPs) on the proposed reconstruction and upgrade of the Alaoji–Onitsha 330kV Single Circuit Transmission Line line. The sensitisation exercise, which took place from January 6 […]

Politics

3 d. ago Becoming Wema Bank MD at 41 shaped my leadership – Fmr CBN Deputy Governor, Lemo

Discover Tunde Lemo’s leadership journey, from Wema Bank MD to CBN Deputy Governor. He shares insights on Nigeria’s economy, banking, and a life of integri Read More: https://punchng.com/becoming-wema-bank-md-at-41-shaped-my-leadership-fmr-cbn-deputy-governor-lemo/

Politics

4 d. ago UBA Meets Central Bank’s Requirement As Capital Base Surpasses N500bn

United Bank for Africa Plc has met the Central Bank of Nigeria’s N500 billion minimum capital requirement, following the successful completion of the second tranche of its rights issue, thereby strengthening its balance sheet well ahead of the March 2026 recapitalisation deadline. As at the bank’s 2025 half-year audited results, UBA’s share capital and share […]

Politics

4 d. ago NCC, CBN to unveil refund framework for failed airtime, data transactions

The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have drawn up a framework to address consumer read more NCC, CBN to unveil refund framework for failed airtime, data transactions

Politics

4 d. ago Commission, Central Bank Order Instant Refunds For Failed Data, Airtime Top

The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN), the two regulators in the telecommunications industry, have developed a framework to address consumer complaints arising from unsuccessful airtime and data transactions during network downtimes, system glitches, or human error. This was disclosed in a statement issued on Thursday by the Head of […]

Politics

6 d. ago CBN banks on growth, disinflation to lock in financial sector reform gains

The Central Bank of Nigeria (CBN) is anchoring its confidence in the sustainability of recent financial sector reforms on stronger read more CBN banks on growth, disinflation to lock in financial sector reform gains

Politics

6 d. ago TAJBank Surpasses Central Bank’s New Capital Base Ahead Of Deadline

TAJBank Plc has crossed the Central Bank of Nigeria’s new minimum capital requirement for national non-interest banks, positioning it among early movers ahead of the March 2026 enforcement deadline. The bank, in a note to its customers, assured that by surpassing the target, it is now better positioned to drive financial inclusion, support large-scale economic […]

Politics

6 d. ago TAJBank Surpasses Central Bank’s N20bn New Capital Base Ahead Of Deadline

TAJBank Plc said it has crossed the Central Bank of Nigeria’s N20 billion new minimum capital requirement for national non-interest banks, positioning it among early movers ahead of the March 2026 enforcement deadline. The recapitalisation, which affects all categories of banks, requires national non-interest banks to raise their minimum capital base to N20 billion by […]

Politics

6 d. ago FirstBank attains N500bn capital base ahead of CBN deadline 

First Bank of Nigeria has met the CBN’s N500bn minimum capital requirement ahead of the deadline, strengthening its financial resilience and growth outlook Read More: https://punchng.com/firstbank-attains-n500bn-capital-base-ahead-of-cbn-deadline/

Politics

6 d. ago No Tax On Bank Balances, Only ₦50 Stamp Duty On Transfers — CITN

The chairman of the Chartered Institute of Taxation of Nigeria (CITN), Abuja District, Ben Enamudu, has dismissed claims that Nigerians’ bank balances will be taxed under the new tax regime, clarifying that only certain electronic transfers attract a ₦50 stamp duty and that the reforms were designed to protect low-income earners. Speaking in an interview […]

Politics

6 d. ago “Bank Balances, Receiving Transfers Won’t Be Tax, Only Sender For N50” — CITN Clarifies

The Chairman of the Chartered Institute of Taxation of Nigeria, Abuja District, Ben Enamudu, has dismissed claims that bank balances are taxed under Nigeria’s new tax regime, saying only certain electronic transfers attract a ₦50 stamp duty and that the reforms are designed to shield low-income earners. Speaking in an interview with ARISE News on […] The post “Bank Balances, Receiving Transfers Won’t Be Tax, Only Sender For N50” — CITN Clarifies appeared first on Information Nigeria.

Politics

6 d. ago First Holding Company Confirms FirstBank’s New N500bn Capital Base

…As Standard Chartered, RMB Join List of Recapitalised Banks First HoldCo Plc has confirmed that its commercial banking subsidiary, First Bank of Nigeria Limited (FirstBank), has met the Central Bank of Nigeria’s (CBN) minimum regulatory capital requirement of N500 billion. This comes  as  Standard Chartered Bank Nigeria Limited and Rand Merchant Bank Nigeria Limited (RMBN)  […]

Politics

6 d. ago Bank recapitalisation may increase market concentration –CBN

The CBN warns that ongoing bank recapitalization risks increasing market concentration, crowding out non-bank issuers, and straining Nigeria’s capital mark Read More: https://punchng.com/bank-recapitalisation-may-increase-market-concentration-cbn/

Politics

7 d. ago Senders now responsible for N50 stamp duty payments – GT Bank

GT Bank reminds customers that under the Nigeria Tax Act 2025, senders now pay the N50 stamp duty on electronic transfers of N10,000 and above. Read More: https://punchng.com/2029100-2/

Politics

7 d. ago LOTUS Bank’s Balance Sheet Grows To N360bn As Araoye Retires, Ajani

LOTUS Bank, a frontrunner in Nigeria’s non-interest banking sector, has announced the retirement of its pioneer managing director/CEO, Kafilat Araoye, who led the bank to grow its balance sheet from N30 billion in 2021 to N360 billion in 2024. The bank also announced the appointment of  Dr. Isiaka Ajani-Lawal as her successor effective December 2025. […]

Politics