Bank group opposes Nigerian govt’s “ill-timed” dollar windfall tax
The Bank Directors Association of Nigeria (BDAN) has opposed a newly imposed 70% windfall tax on foreign exchange gains made by Nigerian banks.
The group...
Access Holdings Plc extends period for rights issue
Access Holdings Plc, the parent company of Access Bank, has announced an extension to the period for its ongoing rights issue.
Initially set to close...
Access Bank to spend N24 billion on new branches in three cities
Access Bank Plc will invest N52 billion in branch expansions and upgrades, including ATM and Point of Sale (PoS) machines, according to its parent...
Recapitalization: Access Holdings launches N365 billion rights issue
Access Holdings Plc, the parent company of Access Bank, has officially commenced its anticipated rights issue to recapitalize and meet the Central Bank of...
CBN warns banks against rejecting older, smaller dollar bills
The Central Bank of Nigeria (CBN) has warned commercial banks and forex dealers against rejecting old and lower denomination of U.S. dollars from customers.
Banks...