25 h. ago Banks to report transactions above N5m monthly under new tax law effective 2026

Tribune Online Banks to report transactions above N5m monthly under new tax law effective 2026 Nigerian banks have been mandated to report all customer accounts with monthly transactions exceeding N5 million to the country’s tax authorities, according to the latest update from the National Orientation Agency (NOA). This directive was part of a sweeping tax reform signed into law, aimed at improving tax compliance, curbing financial irregularities, and aligning Nigeria’s […] Banks to report transactions above N5m monthly under new tax law effective 2026 Tribune Online

Politics

26 h. ago Recapitalization watch: Nigerian banks tread carefully between capital targets and dividend payouts

Tribune Online Recapitalization watch: Nigerian banks tread carefully between capital targets and dividend payouts As Nigerian banks race to meet the Central Bank of Nigeria’s (CBN) new recapitalization requirements, a growing tension is emerging: how to comply with stringent regulatory benchmarks while maintaining attractive dividend payouts for shareholders. In the latest edition of Proshare’s Bank Recapitalization Watch, several lenders have made progress in their capital-raise programmes, although many are […] Recapitalization watch: Nigerian banks tread carefully between capital targets and dividend payouts Tribune Online

Politics

3 d. ago Nigerian banks resume international transactions on naira cards

Commercial banks in Nigeria have announced the resumption of international transactions on their naira cards. After years of suspension, United read more Nigerian banks resume international transactions on naira cards

Politics

5 d. ago Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide

Keystone Bank Limited has reaffirmed its commitment to entrepreneurial development as the lender recently held a nationwide SME Business Clinic across 10 major Nigerian cities. A statement by the bank said the initiative was in celebration of the United Nations’ World Small and Medium Enterprises (SME) Day 2025 themed “Empowering SMEs for Growth and Sustainability.” […]

Politics

5 d. ago Keystone Bank empowers Nigerian entrepreneurs with SME Business Clinic

Keystone Bank Limited has reaffirmed its commitment to entrepreneurial development as the lender recently held a nationwide SME Business Clinic read more Keystone Bank empowers Nigerian entrepreneurs with SME Business Clinic

Politics

6 d. ago How businesses are using AI to cut costs, save time and stay ahead

Walk into most modern Nigerian businesses today from Lagos banks to Abuja supermarkets and you’ll hear the same thing: “Time read more How businesses are using AI to cut costs, save time and stay ahead

Economics

8 d. ago How new tax law impacts banks’ operations in Nigeria — Analysis

Tribune Online How new tax law impacts banks’ operations in Nigeria — Analysis THE recently introduced tax reform bills spearheaded by the Presidential Fiscal Policy and Tax Reforms Committee, chaired by Mr. Taiwo Oyedele, are reshaping the Nigerian financial landscape—with the banking sector at the heart of the transformation. The reforms, which aimed to broaden the tax net and enhance government revenue, place significant operational and compliance responsibilities […] How new tax law impacts banks’ operations in Nigeria — Analysis Tribune Online

Politics

8 d. ago Nigerian banks present relief materials to Mokwa flood victims

Nigeria’s top banking executives presented critical relief materials to Mohammed Umaru Bago, governor of Niger state, in Abuja on saturday, read more Nigerian banks present relief materials to Mokwa flood victims

Events

9 d. ago Sterling Bank upgrades N2bn scholarships for 600 youth with guaranteed jobs

Sterling Bank has expanded its N2 billion scholarships initiative for 600 Nigerian youth with guaranteed jobs, reaffirming its position as read more Sterling Bank upgrades N2bn scholarships for 600 youth with guaranteed jobs

Politics

1 week ago CBN’s open banking is here: A new chapter for Nigerian consumers

After years of anticipation, the Central Bank of Nigeria (CBN) has finally approved the rollout of open banking, with full read more CBN’s open banking is here: A new chapter for Nigerian consumers

Politics

1 week ago Woodhall Capital, NEXIM, Others Partner To Close Africa SMEs Finance Gap

Woodhall Capital has partnered with the Nigerian Export-Import Bank (NEXIM), African Export-Import Bank (Afreximbank) and SEWA Capital Limited, to spearhead efforts in bridging Africa’s significant trade finance gap. At a pivotal gathering of Africa’s trade finance leaders, Woodhall Capital hosted a groundbreaking workshop in Abuja to champion the role of factoring as a transformative liquidity […]

Politics

1 week ago 2024: Dangote Cement spends N13.2bn on CSR, pays N502.6bn as dividends 

Tribune Online 2024: Dangote Cement spends N13.2bn on CSR, pays N502.6bn as dividends  Shareholders of Dangote Cement on Monday were full of praise for the Board, Management, and staff of the company after approving a dividend payout of N502.6 billion, which translates to N30 kobo per share at the 2024 Annual General Meeting, held in Lagos on Monday. In the same vein, the company also significantly increased its social investments by 469.8 […] 2024: Dangote Cement spends N13.2bn on CSR, pays N502.6bn as dividends  Tribune Online

Economics

2 w. ago Israel Launches Fresh Strikes On Tehran, Targets IRGC Headquarters

Israel has launched a wave of strikes on Tehran, targeting what it called “regime strongholds” in the Iranian capital with “unprecedented force,” Defence Minister Yoav Gallant confirmed on Monday. The latest escalation marks one of the boldest Israeli military actions inside Iranian territory and signals a dangerous deepening of the Middle East conflict. The Israeli […]

Politics

2 w. ago Telcos Recover N171bn From Banks As USSD Billing Model Changes

Thirteen Nigerian banks have cleared N171 billion out of the N180 billion they collectively owned telecommunications companies for Unstructured Supplementary Service Data (USSD) services, representing 95 per cent of the total debt. With the resolution of the long-standing dispute, telecom operators have now fully commenced the implementation of End-User Billing (EUB), which shifts USSD service […]

Politics

2 w. ago BNY Mellon, Standard Bank To Facilitate Access To Nigerian Naira Debt – Bloomberg

Bank of New York Mellon Corp., in collaboration with Standard Bank Group Ltd., is launching global depositary notes backed by Nigerian sovereign debt denominated in naira, Bloomberg reported Wednesday. The initiative is reportedly designed to give international investors streamlined access to the elevated yields available in Nigeria, Africa’s most populous nation. The depositary notes will […]

Politics

2 w. ago Top banks build N2.4trn capital buffer as recapitalisation gains pace

•Analysts see lenders surpassing N500bn mark By Chinwendu Obienyi Six top Nigerian banks are on course to exceed the Central Bank of Nigeria (CBN)’s minimum capital requirement of N500 billion, Daily Sun’s findings have shown. The big lenders; Zenith Bank, Access Holdings, United Bank for Africa (UBA), Guaranty Trust Holding Company (GTCO), FBN Holdings, Fidelity […] The post Top banks build N2.4trn capital buffer as recapitalisation gains pace appeared first on The Sun Nigeria.

Politics

2 w. ago Nigerian business environment holding back competition, World Bank laments

  As fuel imports remain in force-Major marketers   By Adewale Sanyaolu   The World Bank Group has lamented that businesses and investors perceive the policy environment in Nigeria to be holding back competition.   Senior Economist, World Bank Group, Samer Matta, stated this at the quarterly webinar organised by the Major Marketers Association of […] The post Nigerian business environment holding back competition, World Bank laments appeared first on The Sun Nigeria.

Politics

2 w. ago BNY Mellon, Standard Bank to facilitate access to Nigerian sovereign debt — Bloomberg

Tribune Online BNY Mellon, Standard Bank to facilitate access to Nigerian sovereign debt — Bloomberg Bank of New York Mellon Corp., in collaboration with Standard Bank Group Ltd., is launching global depositary notes backed by... BNY Mellon, Standard Bank to facilitate access to Nigerian sovereign debt — Bloomberg Tribune Online

Politics

2 w. ago My boss for life – Akin Adesina hails Jonathan over AFDB job nomination

By John Ogunsemore Outgoing President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has hailed former Nigerian president, Dr Goodluck Jonathan for nominating and supporting him for the job. Adesina served as Minister of Agriculture and Rural Development under Jonathan when he was tipped for the AfDB job in 2015. He won re-election for […] The post My boss for life – Akin Adesina hails Jonathan over AFDB job nomination appeared first on The Sun Nigeria.

Politics

2 w. ago BOI reaffirms support for artisans, says development must be built by skills

The Bank of Industry has reaffirmed its unwavering commitment to empowering Nigerian artisans and technicians. read more BOI reaffirms support for artisans, says development must be built by skills

Politics