November 23, 2024
Home Archive by category Banking (Page 2)

Banking

Banking Blogs Business Media Top Story

Banks yet to start cash payment, leaving customers stranded

By The Insight Team 224 0
Commercial banks in some satellite towns of the Federal Capital Territory (FCT) had yet to start cash payment, leaving customers stranded and frustrated in spite of the Supreme Court ruling. The News Agency of Nigeria (NAN) correspondent who monitored banks in Nyanya, Mararaba and Karu in Abuja on Tuesday, reports that none of the banks […]Continue Reading
cash squeeze
Banking Blogs Business Interviews Media Opinions Photos Top Story Zenith Bank, Cross Rivers, Nigeria, Banking, Economy

Cash squeeze: Kaduna residents turn to petrol stations

By The Insight Team 252 3
Kaduna residents have turned to petrol filling stations for salvation in their desperate search for cash to satisfy their pressing needs, reports the News Agency of Nigeria (NAN). This development is sequel to scarcity of cash in Automated Teller Machines (ATM) of most banks in the metropolis, just as PoS operators have closed shop for […]Continue Reading
Emefiele
Banking Blogs Business Media Opinions Top Story Zenith Bank, Cross Rivers, Nigeria, Banking, Economy

Is Nigeria prepared for Emefiele’s cashless policy?

By The Insight Team 265 2
Cashless monetary policy is the way to go, but Nigeria needs to deepen digital literacy as the starting point. By Daniel Adaji Key points: Internet penetration is barely above average Digital literary is also not impressive 36 per cent of Nigerians, over 50 million, are not literate Poor Nigerians cannot procure android mobile phones for […]Continue Reading
NGX
Banking Blogs Business Media Top Story

NGX appoints advisory panel on digital technology products

By The Insight Team 202 0
The Nigerian Exchange Ltd. (NGX) has set up NGX Digital and Technology Products Advisory Panel (The Panel) as part of efforts in advancing its digital transformation agenda. The Exchange said this in a statement issued by Mr Clifford Akpolo, Head, Marketing and Corporate Communications, NGX, on Tuesday in Lagos. The statement said the panel would provide […]Continue Reading
Banking Blogs Business Media Top Story

Tax harmonisation: FIRS signs MoU with LIRS for joint tax operations and audit

By The Insight Team 195 0
The Federal Inland Revenue Service (FIRS) yesterday signed a Memorandum of Understanding (MoU) with the Lagos Internal Revenue Service (LIRS) where the two tax authorities would collaborate on joint tax audit, investigation and automatic exchange of information. The MoU signing ceremony which took place at the State House, Marina, Lagos State, Monday was executed by […]Continue Reading
Osibanjo
Blogs Banking Business Media Opinions Photos Top Story

Cashless system helps in tracking election financing — Osinbajo

By The Insight Team 202 2
Vice President Yemi Osinbajo says a cashless policy, when effectively operated in Nigeria, can help stem the surge of illicit election financing by making it possible to track funds. Osinbajo’s spokesman, Laolu Akande, in a statement on Monday in Abuja, said the vice president received a delegation of the EU Election Observation Mission led by […]Continue Reading
Banking Blogs Business Education Media Opinions Top Story Zenith Bank, Cross Rivers, Nigeria, Banking, Economy

New Naira notes scarcity: Businesses shutdown in Kogi communities

By The Insight Team 267 2
By Daniel Adaji Anthony Esther, a resident in Okpo, Olamaboro Local Government Area of Kogi State, has lamented the non-availability of the new Naira notes in her community and how several businesses have shut down not wanting to continue to transact in the old currency for fear that they might not be able to change […]Continue Reading
Mr. Muhammad Nami, Executive Chairman, Federal Inland Revenue Service (FIRS) during a meeting at the FIRS HQ, Abuja
Banking Blogs Business Media Photos Top Story

FIRS breaks Its 2021 record, collects N10.1 trillion In 2022

By The Insight Team 274 0
By Daniel Adaji The Federal Inland Revenue Service (FIRS) has announced that it collected over N10 trillion in tax revenue in the year 2022, the highest tax collection ever recorded in its history.   The Service made this known in its “FIRS 2022 Performance Update,” report signed by its Executive Chairman, Mr. Muhammad Nami, and […]Continue Reading
Prof. Osinbajo
Banking Blogs Business Investigations Top Story

Nigeria will not be left behind in technology – Osinbajo

By The Insight Team 201 0
VP headlines Interswitch 20th anniversary event in Lagos *Says Africa is next frontier in innovations  With the rapid growth of innovation and technology recorded over the years globally, there are even more exciting new frontiers to be explored and harnessed by Nigeria’s talented and enterprising young entrepreneurs. This was the view of Vice President Yemi […]Continue Reading
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