30 results
- 14 Nov 2023
Finance Houses Association of Nigeria Elects Sonnie Ayere as President
Founder & GCEO, DLM Capital Group, Dr. Sonnie Babatunde Ayere has been elected as the President of the Finance Houses Association of Nigeria (“FHAN”). He was elected unopposed on the 10th of…
- 14 Sept 2021
Osinbajo Tasks Banks on Transformation Projects
Vice President Yemi Osinbajo yesterday tasked the banking and finance sector to take on more transformative projects such as housing and renewable energy, among others, in ways that will…
- 4 Mar 2024
Reps Summon Binance CEO over Alleged Terrorism Financing
The House of Representatives Committee on Financial Crimes has summoned Richard Teng, chief executive officer (CEO) of Binance Holding Limited, over alleged terrorism financing and money laundering.…
- 24 Oct 2019
Reps Kick as FG Repay $460m Chinese Loan for Failed Abuja CCTV Project
House of Representatives Committee on Finance has demanded further explanations on the $460m Abuja CCTV project from the Ministry of Finance. Mrs. Zainab Ahmed, minister of Finance, however…
- 14 Feb 2013
Reps Ask NNPC to Remit Debit to FG
House of Representatives’ Committee on Finance yesterday said the Nigerian National Petroleum Corporation (NNPC) would be compelled to remit to the consolidate revenue fund, four years of…
- 11 Mar 2026
Reps Give FAAN Two-week Ultimatum to Recover N18.98bn Debts from Foreign Airlines
House of Representatives Committee on Finance has given the Federal Airports Authority of Nigeria (FAAN) two weeks to recover N18.98 billion owed to the Federal Government by foreign airlines…
- 19 Apr 2019
Property Experts Task FG on Practicable Housing Policy, Others
Operators in the Nigerian real estate development industry, say that there is a need to look at the sources of financing construction of housing to make life meaningful for Nigerians and also make…
- 27 May 2021
Path Solutions Successfully Completes System Upgrade at KFH
Path Solutions, the global Islamic banking software company, announced that Kuwait Finance House (“KFH”), Kuwait’s Islamic banking pioneer has successfully completed the upgrade of its fully…
- 25 Jan 2018
IFC Uses Innovative Tool to Help Unlock $500M Investment in West Africa
Using an innovative finance tool to spur more development in low-income countries, IFC, a member of the World Bank Group, announced yesterday the completion of a $9 million investment that aims to…
- 8 Nov 2023
Reps Query NIPOST over Irregularities in Subsidiaries’ Registration, N10Bn Withdrawal
House of Representatives Committee on Finance has raised issues against the Nigeria Postal Service (NIPOST) over alleged irregularities in the registration of subsidiary companies. Hon. James Abiodun…
- 25 Aug 2013
Reps Say Banks Evade Taxes in Billions
House of Representatives Committee on Finance, probing tax remittances, tax assessments and payments by banks, has accused some Nigerian banks of inflating their operating costs to reduce their…
- 17 Aug 2020
Reps Fume as Foreign Partners Pocket N72Bn NIS Revenue
House of Representatives Committee on Finance has asked Nigerian Immigration Service (NIS) to explain how some N72billion of over N80billion generated from the issuance of international passports and…
- 11 Mar 2013
Reps Order Arrest of NNPC Boss, Others over N142.7Bn Debt
House of Representatives Committee on Finance has said that the Nigerian National Petroleum Corporation (NNPC) owes the Federal Government N142.7 billion and that the Corporation has not shown any…
- 23 May 2013
Bank Chiefs Appear before Reps over N83Bn Tax Remittance
The bank chief executive officer that were threatened with arrests on Monday for failing to appear before the House of Representatives Committee on Finance investigative hearing on tax remittance…
- 18 Aug 2021
Reps Ask FIRS to Produce Receipts of Tax Payments by MTN
House of Representatives Committee on Finance has asked the Federal Inland Revenue Service (FIRS) to submit receipts of the tax payments made by MTN to the agency for 2007 and between 2010 and 2017.…
- 19 Aug 2024
FG Mulls New Tax Law
Federal government would soon enact a new law to transform Nigeria’s revenue administration, according to Zacch Adedeji, executive chairman, Federal Inland Revenue Service (FIRS). Adedeji revealed…
- 5 Mar 2013
Reps Battle Okonjo-Iweala, Dikko over Auction of Overtime Cargo
House of Representatives has queried Dr. Ngozi Okonjo-Iweala, minister of finance and coordinating minister of the Economy, over the suspension of sales of overtime cargo. The Joint House Committee…
- 20 Sept 2021
Sekibo Urges Govt., Stakeholders to Prioritise SMEs, Youth Entrepreneurship
Bridging the gap to attain sustainable solutions to economic recovery will be the most impactful route to drive lasting and meaningful growth; for this to be achieved, creation of opportunities,…
- 15 Jul 2014
FBN Capital Partners LBS on Development of Data Terminals
FBN Capital Limited has initiated a partnership with the Lagos Business School (LBS) as it commissions the LBS Bloomberg Room, which houses Bloomberg terminals to help students in finance related…
- 23 Jan 2014
IFC Invests in Nigeria to Expand Microenterprises
IFC, a member of the World Bank Group, has signed an agreement to invest N650 million (about $4 million) in Nigerian microfinance institution Grooming Centre to increase access to finance for up to…
- 28 Jan 2015
IFC Invests in Lafayette Microfinance Bank to Expand Access to Finance for SMEs
IFC, a member of the World Bank Group, yesterday announced a loan facility of 400million Nigerian naira approximately $2.5 million, to Lafayette Microfinance Bank. The financing will support…
- 14 Jul 2020
Reps Ask Ministry, CBN to Account for $500m Extra Budgetary Spending
The House of Representatives is to investigate the Federal Ministry of Finance and the Central Bank of Nigeria (CBN) for engaging in extra budgetary spending of over 500 million dollars from Nigeria…
- 8 Sept 2017
Bank ATM Dispenses Fake Naira Notes in Edo
Charles Ajiboye, a federal civil servant in Edo State, has petitioned Edo State House of Assembly, alleging that the Automated Teller Machine (ATM), of a new generation bank in Benin, was dispensing…
- 31 Mar 2017
FBN Capital Named ‘Best Asset Manager’
FBN Capital Limited, a subsidiary of FBN Holdings Plc has started off 2017 on a winning note with awards and recognition from reputable financial awards institutions. The firm was recognised as the…
- 16 Dec 2025
CBN Revokes Licenses of Two Mortgage Banks, NDIC Begins Liquidation
Nigeria’s banking regulators have moved to shut down two mortgage lenders after prolonged financial distress, as authorities intensify efforts to enforce capital discipline and restore confidence in…
- 23 Mar 2009
Oceanic Homes’ Affordable Houses
Oceanic Homes Savings and Loans Limited in conjunction with AHCON Estates Limited is developing an 800 Unit housing Estate, AHCON Garden Estate in Agbara, Ogun State to boost government efforts at…
- 14 Aug 2020
Reps Move to Settle FIRS, NIPOST Rift over Stamp Duty
House of Representatives has offered to play the role of a mediator in the ongoing feud between the Nigerian Postal Service (NIPOST) and the Federal Inland Revenue Service (FIRS) over collection of…
- 30 Dec 2022
Nigerians to Pay More on Calls, Data In 2023
The 160 million mobile phone users in the country, are expected to pay more on calls and data in 2023 as the federal government infused 5 per cent excise duty on telecoms services in the 2022 Finance…
- 13 Dec 2020
FG Rules Out New Taxes in 2021
federal government has said that it has no plan to introduce new taxes or increase current taxes in 2021. Zainab Ahmed, minister of finance, budget and national planning, disclosed this at a public…
- 12 May 2017
IFC Invests in Africa Local Currency Bond Fund to Support Capital Markets
IFC, a member of the World Bank Group, has announced that it is investing $20 million in debt in the African Local Currency Bond Fund (ALCB Fund Ltd.) to help develop local currency capital markets…