Windfall Tax: Why Nigerian banks are still positioned for resilient growth
Given the recent policy shifts affecting the Nigerian banking sector, including the Central Bank of Nigeria's (CBN) revised capital requirements ...
Tag: Nigerian Banks
News and stories about Nigerian banks
Nigeria may get up to 0.3% of 2024 GDP as revenue from windfall tax on banks’ FX gains
Nigeria's proposed windfall tax on foreign-currency revaluation gains of Nigerian banks could generate up to 0.3% of the country's Gross ...
Recapitalization: Banks to spend N186 billion on IT infrastructure from offer proceeds
Three major Nigerian banks—GTCO, Access Holdings, and Fidelity Bank—are set to allocate a total of N186 billion ($244 million) from ...
Why depositors will bear the burden of Tinubu’s “ill-thought out” 50% windfall tax on Nigerian banks – Olisa Agbakoba
Dr. Olisa Agbakoba has explained how the federal government's proposed 50% windfall tax will negatively impact bank operations and its ...
FG to tax banks 50% of realised profits on FX gains in amended 2023 Finance Act
The federal government plans to tax bank 50% of profit realised from foreign exchange revaluation in 2023.
Tinubu seeks to tax FX gains by banks in proposed amendment to finance act
President Tinubu has asked the Senate to amend the 2023 Finance Act to impose a one-time windfall tax on the ...
Nigerian banks sack 35 workers for involvement in fraud in Q1 2024
Commercial banks in Nigeria sacked 35 of their employees between January and March this year over their involvement in fraud.
Nigerian banks’ losses to fraud decline by 77.62% in Q1 2024 – Report
Banks in Nigeria recorded a significant drop in losses to financial fraud in the first quarter of this year as ...
Analysts warn of asset liability risks as Nigerian banks scale up for $1 trillion economy
As lenders expand in size and scale to meet the demand of a $1 trillion economy, analysts at Proshare have ...
Nigerian banks pay N166.4 billion to NDIC as Deposit Insurance premium in 2023
Nine publicly listed commercial banks paid a sum of N166.4 billion as deposit insurance premium to the Nigerian Deposit Insurance ...
