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BREAKING: CBN Withdraws Licences of Aso Savings, Union Homes
– The Central Bank of Nigeria (CBN) has withdrawn the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc.
In a statement issued Tuesday, the apex bank said the action followed persistent regulatory breaches and worsening financial conditions at the two mortgage institutions.
The CBN explained that the revocation was carried out under Section 12 of the Banks and Other Financial Institutions Act (BOFIA) 2020 and Section 7.3 of the Revised Guidelines for Mortgage Banks in Nigeria.
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Visa, Zenith Bank unveil premium Signature Card for affluent Nigerians
By: Amarachi Okonkwo Visa Inc. has partnered with Zenith Bank to introduce the Visa Signature Card, a premium payment solution designed to cater to the lifestyle and financial needs of affluent customers in Nigeria. The card was unveiled during a media briefing held at Zenith Bank’s headquarters in Victoria Island, where executives from both organisations…
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AfDB Approves $5.52m Grant to Support Tax Reforms in Nigeria, West Africa
The African Development Bank (AfDB) Group has approved a $5.52 million grant aimed at strengthening tax administration and boosting domestic revenue mobilization in Nigeria and several West African countries. The announcement was contained in a statement confirming the signing of a grant agreement between the AfDB and the West African Tax Administration Forum (WATAF). The…