Fidelity Bank Plc, one of Nigeria’s leading banking services provider, is championing an innovative approach in technology-aided federally collectible revenues nationwide.
Banking
Morgan Stanley To Take $1.25bn Hit In Q4 On U.S Tax Reform
Morgan Stanley said today that it would take a $1.25 billion hit in its fourth-quarter earnings due to a cut in corporate tax rate
FCMB Customer Wins Car in Jumia Black Friday Promo
A customer of First City Monument Bank (FCMB), Mr. Clinton Nnajiaku, has emerged winner of a brand new Ford Figo car after he shopped and entered the Jumia Black Friday festival lottery.
Tanzania’s Central Bank Shuts 5 Banks Over Poor Performance
The Bank of Tanzania (BoT) today revoked the operating licences of five banks and took them over for being under-capitalized
Ravi Menon Named Best Central Bank Governor In Asia-Pacific
The Banker, the UK-based magazine, has named the managing director of the Monetary Authority of Singapore (MAS), Ravi Menon, as the best central bank governor in Asia-Pacific
US Blocks Sale Of Moneygram To China’s Ant Financial
The US has blocked the $1.2bn (£880m) sale of money transfer company, Moneygram. to China’s Ant Financial, the digital payments arm of Alibaba
Angola’s Central Bank Plans to Loosen Kwanza’s Peg to Dollar
Angola has unveiled plans to loosen its currency peg to the dollar by establishing a band in which the kwanza can float freely.
Swiss Banks To Begin Collecting Foreign Taxpayer Data
Several of Switzerland’s agreements for the automatic exchange of information (AOEI) in tax matters will become effective with numerous other territories from January 1, 2018.
Goldman To Take $5Bn Hit To Profit From New Tax Law
Goldman Sachs Group Inc said today that it expected its fourth-quarter earnings to decrease by about $5 billion, as the bank looks to take advantage of a new tax law
Barclays Expects $1.3BN Writedown From U.S. Tax Reform
Barclays on Wednesday stated that it expected to take a writedown of about 1 billion pounds ($1.34 billion) on its annual post-tax profit as a result of the U.S. tax overhaul.