Money

Manish Rohtagi is the Business Head for Simba Group of Companies. In this interview with The Guardian, he talks about how the company has impacted the lives of Nigerians.  Can we meet you? My name is Manish Rohtagi, I am the Business Head for Simba Group of Companies, Nigeria. I have about 26 years of…

The budget office released the 2017 budget implementation report a few weeks ago. It contained, as expected, some numbers on the federal government’s finances. Safe to say the numbers do not look good.

United Bank for Africa Plc (UBA) has been recognised as the ‘Most Innovative Digital Bank’ of the year, under the digital category of the International Finance awards. Organised by the International Finance Magazine, the award, according to the bank places UBA high in the digital banking space. In selecting the winner, International Finance Awards said…

For its leadership position in delivering development and growth of the Agricultural sector and Small and Medium Enterprises (SMEs), Heritage Bank Plc, ­­­­­­­­Nigeria’s Most Innovative Banking Service provider, has been adjudged “Best SME Bank Nigeria 2018” by Capital Finance International (CFI.co) It also emerged as the “Agriculture Bank of the Year 2018” by the Nigeria…

The Chief Judge of the Federal High Court, Abuja Division, Justice Adamu Abdu Kafarati, has reiterated the need for judges in Nigeria to support the recovery efforts of Asset Management Corporation of Nigeria (AMCON) since the corporation was established as a central element of government’s response to financial crisis in the country.   Justice Kafarati,…

The Nigeria Interbank Settlement System (NIBSS) has unveiled plans to enhance the country’s payment system through improved payment service platforms and better value proposition, in line with international best practice.   The Managing Director of NIBSS, Ade Shonubi, made the disclosure at a press briefing in Lagos, to herald the Hackathon 2018, with the theme: “Biometrics, Key…

The Federal Inland Revenue Service (FIRS) has said it generated N3.5 trillion for Federal Government between the months of January and September 2018.The Executive Chairman, FIRS, Tunde Fowler, who disclosed this in Lagos, during a stakeholders meeting, said the amount generated was N1trillion....

The Lagos State Government has delighted retirees from the state’s public service with the release of N720.445 million into the Retirement Savings Accounts (RSA) of 190 Contributory Pension Scheme retirees in the month of August 2018.

The National Insurance Commission (NAICOM) has said it is yet to receive a court order, restraining it from enforcing the October 1, 2018, deadline for the recapitalisation of the sector, under the Tier-Based Minimum Solvency Capital (TBMSC).

Paga, a mobile money company in Nigeria, said it has closed a $10 million growth financing deal, led by the Global Innovation Fund, with existing investors like Goodwell (managed by Alitheia Capital), Adlevo Capital, Omidyar Network and Unreasonable Capital, participating.

First City Monument Bank (FCMB) said it has demonstrated its commitment to the empowerment and realisation of youths’ aspiration by sponsoring the second edition of “The Bridge,”- a financial literacy reality television show.

The Chartered Institute of Taxation Nigeria (CITN) has again notified the general public, particularly the tax practitioners and administrators, that by ‪January 2, 2019, all tax returns without the CITN stamp and seal, prepared and submitted to FIRS on behalf of taxpayers, will no longer be accepted.