World News

Multiple taxation reducing our profits –Banks

Deposit money banks in the country have raised concerns about the negative effect multiple taxation is having on their financial performance . According to the banks, the issue is becoming worrisome as it has drastically reduced their profits as well as shareholders’ funds. The chief financial officers of banks in […]

Nigeria expedites action to avoid global financial blacklisting

Nigeria stands the risk of being blacklisted by the global Financial Action Task Force, if it does not amend some of its money laundering and terrorism laws before October 15. The chairman of the Presidential Committee on FATF, Mr. Steve Oronsaye, made the declaration in Abuja on Wednesday when he […]

Skye Bank to divest from Skye Shelter Fund

Skye Bank Plc has said it will soon conclude its divestment from the Skye Shelter Fund, its real estate investment trust. The Managing Director/Chief Executive Officer, Skye Bank, Mr. Kehinde Durosinmi-Etti, disclosed this on the sidelines of the Fund’s fourth Annual General Meeting held in Lagos on Wednesday. Durosinmi-Etti said, […]