By Magnus Onyibe In response to the Central Bank of Nigeria’s (CBN) proposal for a 70% tax on the excessive profits banks made from naira devaluation in 2023—profits which increased by at least 51% due to President Bola Tinubu’s economic reforms—there has been a noticeable rise in banks’ philanthropic activities. The proposed excess profits tax, […]
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Olayiwola Oshunrinade The Federal High Court in Abuja, on Wednesday, restrained the Central Bank of Nigeria, CBN, from further releasing monthly financial allocations to Rivers State government. The order also affected the Accountant-General of the Federation, AGF, Zenith Bank and Access Bank where the state government also banks. Justice Joyce Abdulmalik, in a judgment, held […]
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Victoria Ojugbana, Lagos Lagos State Governor Babajide Sanwo-Olu at exactly 8:03 am on Saturday crossed the finish line of the Access Bank Lagos City Marathon, ceremonially becoming the first athlete to breast the final ribbon. Ethiopia’s runner, Ulfata Deresa, finished the 42-kilometre-long race 11 minutes after the Governor’s arrival and became the winner of the […]
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