BY GODWIN ANYEBE The recent naira redesign by the central bank of Nigeria has led to the expansion of the customer base of digital banks in an unprecedented rate leading to increase in the number of new banks in the country. This development resulted from the traditional banks inability to meet high demands of their […]
.Wants DMBs, CSCS, agencies to collaborate on tax collection, remittances .Says Police, VIO should clampdown on trucks not roadworthy The Senate has mandated its Committees on Banking, Insurance and Financial Institutions, and Finance to investigate withholding tax revenues on both bank deposits and dividends. This was even as it urged banks and Central Security and […]
Non-Performing Loans (NPLs) in the banking industry increased by a whopping N576.5 billion in two years , Afrinvest West Africa, has said in its 2016 Review and 2017 Outlook report. Commercial banks’ assets have depreciated in the last two years, with provisions for NPLs hitting N856.9 billion. The report showed that provisions for NPLs […]