News

FGs decision to sell public assets not well thought out, says ASSBIFI

Ihesiulo Grace 25 January 2021 0

Joy Obakeye The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), has urged the federal government to rescind its decision regarding selling government-owned assets to finnace the 2021 budget. According to the President of ASSBIFI, Comrade Oyinkan Olasanoye,

Business

Mixed reactions trail FIRS memo to telcos, financial institutions, others

Ihesiulo Grace 27 April 2020 0

Mixed reactions have trailed the statement released by the Federal Inland Revenue Service (FIRS) and addressed to essential service providers on payment of taxes during the COVID-19 lockdown In a personally signed press release, Executive Chairman of FIRS, Muhammad Nami acknowledged the difficulties being faced by businesses as the COVID-19 pandemic ravages on.

Banking Business

CBN orders banks to remove interest rate, CAP on goods and services

Ihesiulo Grace 10 September 2019 0

Philip Clement – Abuja The Central Bank of Nigeria has directed all financial institutions and mortgage banks to eliminate interest rate and lending fees on goods and services rendered to customers. In a circular signed by the Director, Financial Policy and Regulations of the bank, Kelvin N. Amugo, the apex bank said the decision was […]

Business

Afreximbank: Trade Transformation is task for all financial institutions

Ihesiulo Grace 27 October 2018 0

African Export-Import Bank (Afreximbank) Executive Vice President, Business Development and Corporate Banking Amr Kamel has said that the transformation of trade in Africa is a task that all African financial institutions must collectively pursue as major stakeholders in its quest to facilitate African trade. Speaking during a roadshowin Dar Es Salam on Tursday, organized

Business Labour

TUC appeals to financial Institutions to help rescue economy

Ihesiulo Grace 29 November 2016 0

The Trade Union Congress (TUC) has said financial institutions could help the economy come out of recession by not forcing more people out of work. Comrade  Bobboi Kaigama, National President of TUC, made the appeal  at a conference of members of the union from financial institutions held recently in  Abuja.   According to him, financial […]