By Omolara Ojugbele, Ayomide Kasali & Olaoluwa Olaleye The Nigeria Deposit Insurance Corporation (NDIC) has reiterated its directive to banks to resolve customers’ complaints within two weeks, warning that unresolved cases after the deadline can be escalated directly to the Corporation for intervention. The move, according to the NDIC, is part of its renewed commitment to […]

•As MOFI Real Estate Investment Fund Lists on NGX By Peter Egwuatu The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has assured investors that the Federal Government will revisit provisions on Capital Gains Tax (CGT) in the new tax reform framework to ensure a fair and investor-friendly outcome. Edun made this […]

By Economy Editor, Babajide Komolafe InfraCraCredit, a ‘AAA’-rated specialised infrastructure credit guarantee institution has announced its credit enhancement of CEESOLAR Energy Limited’s local currency debt issue under a co-financing arrangement with the Climate Finance Blending Facility (CFBF). This marks the fifth transaction under the Facility, which was seeded with £10 million concessional capital from the […]

By Elizabeth Adegbesan The Financial Reporting Council of Nigeria (FRC) has announced plans to formally integrate Islamic Finance Services into the country’s financial reporting framework by adopting standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). The Executive Secretary/CEO of the FRC, Dr. Rabiu Olowo, disclosed this in Lagos during his […]

…makes special offer to customers The United Bank for Africa (UBA) Plc, has reiterated its commitment towards supporting the growth of Small and Medium Enterprises, SMEs, for global impact, as it headlines the sponsorship of the Lagos International Trade Fair (LITF) for the seventh consecutive year. Organised by the Lagos Chamber of Commerce and Industry (LCCI), […]