Keystone Bank Limited has upgraded its digital banking experience through the launch of a truly customer-centric mobile application – ‘KeyMobile’ . A statement by the lender said the upgrade is in demonstration of its commitment to deliver superior, convenient and innovative banking solutions to its customers, thereby promoting the bank’s unwavering commitment to enable its…
FINANCE
US Lawmakers Agree $900bn COVID-19 Stimulus Package
US lawmakers agreed on a nearly $900 billion Covid-19 relief package for millions of Americans on Sunday, in a deal that follows months of wrangling and comes as the nation battles the world’s largest coronavirus outbreak. The package includes aid for vaccine distribution and logistics, extra jobless benefits of $300 per week, and a new…
Reps rush through passage of 2021 budget, MTEF before embarking on holiday
The House of Representatives on Monday passed the N13.58 trillion budget for 2021 before embarking on its Christmas/New Year holiday, to maintain the January 1st to December 31st fiscal cycle. The green chamber also passed the 2021-2023 Medium Term Expenditure Framework. It will be fair to describe the process as ‘rushing through ‘ as the…
Assembly okays Makinde’s CBN N2b loan request
Oyo State House of Assembly has approved the request of Governor Seyi Makinde to access N2billion loan facility from the Central Bank of Nigeria (CBN), for the implementation of the Anchor Borrowers Programme. The facility is to be accessed from the CBN through Fidelity Bank. The request was contained in a letter forwarded to the…
Senate Passes Finance Bill, 2020
The Finance Bill, 2020 has been passed by members of the Senate Chamber of the National Assembly in Abuja. This followed the consideration of the report of the Joint Committee on Finance, Customs, Excise and Tariff, Trade and Investment, as well as Public Procurement by the lawmakers during plenary on Tuesday. Senator Solomon Adeola, who…
BREAKING: Senate passes Finance Bill 2020
The Senate, on Tuesday, passed the Finance Bill 2020 transmitted to the National Assembly by President Muhammadu Buhari two weeks ago. The passage of the Bill followed the consideration of a report by the Senate Joint Committee on Finance; Customs, Excise & Tariff; Trade and Investment and Public Procurement at plenary by the upper chamber….
FCMB opens cash centre at Ipaja
First City Monument Bank (FCMB) has opened an ultra-modern cash centre at New Ipaja road, Lagos. The location takes into consideration the convenience of residents and businesses in Ipaja and environs, including the popular Iyana Ipaja, Egbeda and Abesan areas. The development is in line with the commitment of FCMB to bring financial services closer…
Finance Bill Critical To Success Of 2021 Budget – Gbajabiamila
Speaker of the House of Representatives, Femi Gbajabiamila has expressed the commitment of the House to speedily pass the 2020 Finance Bill at a public hearing organized by the House Committee on Finance. He stated on Friday that “The Finance Bill which we have gathered here to consider and to contribute to, will determine amongst other…
FG: No plan to introduce new taxes in 2021
The Federal Government said on Friday that it was not planning to introduce any new taxes in 2021, but is making efforts to reduce the tax burden on the Nigerian people in view of the current economic situation occasioned by the COVID-19 pandemic and the fall in the prices of crude oil in the international…
Finance Bill: Shareholders, Minister disagree over N150bn unclaimed dividends
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on Thursday, disagreed with the Independent Shareholders Association of Nigeria over plans by the Federal Government to take over unclaimed dividends worth over N150billion in the country. “While Ahmed insisted that the Federal Government has the right to borrow any unclaimed dividends that is…