The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured Nigerians that the ongoing plan by the Federal Government to introduce new foreign exchange rules will reflect the true value of the naira. He also said the plan which would include a crackdown on illicit currency trading, would result in naira closing its gap …

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has unveiled the highly anticipated second season of its transformative and creative initiative – the FUZE Talent Show. Building on the success of the inaugural season, FUZE Talent Show 2.0 is set once again to ignite the talents and aspirations of Nigerian youths. The FUZE Talent Show initiative is evidence …

Polaris Bank shone brightest over the weekend as its bespoke home-grown digital bank, VULTe won for the third time, Nigeria’s ‘Best Digital Bank of the Year’ prize at the prestigious BusinessDay’s Banks And Other Financial Institutions (BAFI) Awards. Polaris Bank also scooped ‘Best MSME Bank of the Year’ award at the same event. VULTe, is a digital banking platform designed …

Former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele was released from the custody of the Department of State Services (DSS) on Thursday and reportedly subsequently picked up by the Economic and Financial Crimes Commission (EFCC). However, when newsmen contacted the spokesperson for the EFCC, Dele Oyewale, on Friday concerning the development, he simply said “I am …

The Akwa Ibom State Internal Revenue Service has shut down three banks for their alleged failure to remit outstanding tax liabilities of N228.6 million to the state government. The banks were shut down on Thursday during an exercise conducted by the board’s Enforcement and Recovery Department, following an order of Notice of Distrain from the Akwa Ibom State High Court, …

The much-anticipated second edition of the Fidelity International Trade and Creative Connect (FITCC) got off to a boisterous start on Tuesday, as leading financial institution, Fidelity Bank Plc hosted a broad range of businesses, regulators, members of the diplomatic corps and other guests to the opening ceremony in Houston, Texas, United States of America. Tagged FITCC Houston, the two-days event …

In a thought-provoking breakfast forum organised by the Nigeria-South Africa Chamber of Commerce (NSACC), key industry experts shed light on Nigeria’s economic outlook, microeconomic developments and emerging business opportunities in the country. Sponsored by Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, the event brought together a diverse panel of eminent industry experts who shared insights and actionable guidance, …

Guaranty Trust Holding Company (GTCO) Plc has reported a 181.87 per cent rise in its profit after tax, to N367.42 billion for the period ended September 2023, compared to N130.35 billion as of September, last year. This was revealed in the Unaudited Consolidated and Separate Financial Statements submitted to the Nigerian Exchange Limited on Tuesday. The rise was driven by …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has rewarded 70 customers with cash prizes in the maiden draw of its Reward4Saving 3.0 promo. The first draw of this season, which took place at the Stanbic IBTC Head Office in Walter Carrington Crescent, Victoria Island, Lagos, saw new and existing customers from seven regions win cash prizes of ₦100,000 …

In a groundbreaking move, Sterling Bank Limited’s Imperium Initiative has joined forces with JinkoSolar Holding Company Limited to tackle the import challenges faced by photovoltaic (PV) distributors and solar developers in Nigeria. The partnership aims to address significant foreign exchange burdens and operational constraints, ultimately driving the adoption of solar energy in the country. In a statement through which he …