#Financial institutions

The Federal Inland Revenue Service (FIRS) has directed banks, stockbrokers, and other financial institutions to begin deducting a 10% withholding tax on interest earned from short-term securities. ....stay tuned for more!

China's commerce ministry has on Wednesday announced countermeasures against two financial institutions in the European Union (EU). This was after the EU listed two Chinese financial institutions in its sanctions against…

The federal government has just issued a directive requiring banks and other financial institutions to report monthly financial transactions exceeding N25 million for individuals and N100 million for corporate entities to the tax…

Following the default of Central Bank of Nigeria (CBN), Seven Deposit Money Banks out of others have  paid a total of N1,088,334,000 as fines to the Central Bank of Nigeria, Securities and Exchange Commission, National Insurance Commission,…

MoMo Payment Service Bank (PSB), an electronic service provider and financial technology stakeholders have called for collaboration within the industry to drive financial inclusion and improve quality of lives of Nigerians. …

Moni has launched a new range of business loans that will enable market traders, spare part dealers, textile traders, and other small business owners in Nigeria and other African countries to leverage the power of their communities to…