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Senate votes against putting VAT on exclusive legislative list

By Paul Fakayejo

March 3, 2022

The Nigerian Senate voted against adding the Value Added Taxes into the exclusive legislative list. This was disclosed by the Senate during Tuesday’s plenary session. This also comes as states governments and the Federal Government head to the…

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CBN increases currency in circulation by N418bn over cash transactions

By Paul Fakayejo

March 10, 2022

THE currency in circulation rose by N418bn from N2.91tn in December, 2020, to N3.33tn in December, 2021, according to figures obtained from the Central Bank of Nigeria. The CBN data showed that currency in circulation had increased by…

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CBN introduces Bank Neutral Cash Hubs to enhance cash management efficiency

By Paul Fakayejo

March 16, 2022

The Central Bank of Nigeria (CBN) in collaboration with the Bankers’ Committee has introduced cash collection centres called Bank Neutral cash hubs. This is to enable it to reduce cost and improve operational efficiency in the country’s cash…

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