Banking |

Concerns Mount Over VAT On Digital Banking Charges In Nigeria

Kingsley Chukwu5 months ago04 mins

Concerns are growing among Nigerian bank customers following the introduction of a 7.5 per cent Value Added Tax (VAT) on certain electronic banking services, with many warning that the increasing cost of banking could discourage usage. Customers who spoke to the News Agency of Nigeria (NAN) in Abuja called on the Central Bank of Nigeria…

Trump Mulls Large-Scale Banking Sanctions, Tariffs For Russia

Nathaniel Chinemerem Chinemerem1 year ago04 mins

U.S. President Donald Trump on Friday said he is considering imposing tariffs and large-scale sanctions on Russia’s banking sector over its continued bombardment of Ukraine. In a post on his Truth Social platform, Trump said the sanctions would be in place until a ceasefire deal is reached. “Based on the fact that Russia is absolutely…