Minister of Works, World Bank Delegation Meet on Boosting Nigeria’s Infrastructure
The Honourable Minister of Works, His Excellency Sen. (Engr.) David Umahi, CON, FNSE, FNATE, on Friday, January 23, 2026, received
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Banking
FG Directs Banks, Fintechs to Remit VAT on Service Fees Effective January 19
The Federal Government has directed all banks and fintechs to collect and remit 7.5 per cent value-added tax (VAT) on
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Oborevwori releases N1Bn to Bank of Industry as Revolving Loan for MSMEs in Delta
Delta State Government, has signed a Memorandum of Understanding (MoU) with the Bank of Industry (BoI) for the management of
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Anxiety Looms as FG Demands 7.5 Percent VAT on Mobile Bank Transfers, USSD
Anxiety looms as Nigerians will begin paying a 7.5 percent Value Added Tax (VAT) on selected banking services, including mobile
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FG Plans to Invest $460m World Bank Loan in Fibre Infrastructure
Federal Government plans to channel $460m World bank loan, representing about 92 per cent of a $500m, into the proposed
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Wema Bank Upgrades ALAT Banking App
Wema Bank Plc has launched the upgraded version of its flagship digital banking platform, ALAT by Wema. Designed as the
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19 Nigerian Banks Meet CBN Recapitalization Targets Ahead of March Deadline
Nineteen Nigerian banks have fulfilled the Central Bank of Nigeria’s (CBN) recapitalization requirements as of January 6, 2026, six weeks
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NCC, CBN Set to Unveil Refund Framework for Failed Airtime and Data Transactions
In line with the consumer-focused objectives of the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN), the
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GTCO Secures Regulatory Approval to Raise ₦10 Billion via Private Placement
Guaranty Trust Holding Company Plc (“GTCO” or “the Company”) has received the approvals of the Central Bank of Nigeria (CBN)
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AfDB Group Mobilises Global Private Capital to Close Africa’s Financing Gap
Building on the successful conclusion of the 17th replenishment of the African Development Fund (ADF-17), which mobilised $11 billion for
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