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CBN fines GTBank over failure in money laundering test, others

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CBN fines GTBank over failure in money laundering test, others

Central Bank of Nigeria (CBN) fines Guaranty Trust Bank (GTBank) N128.6 million for failing to meet several regulatory requirements.Information Guide Nigeria According to RIPPLES NIGERIA, they gathered that CBN fined GTBank for offences relating to failure in the Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) examination. GTBank was also penalised for infractions … Read more

FG Suspends Increase in Taxes on Soft Drinks, Beverages, Alcohol, Others

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FG Suspends Increase in Taxes on Soft Drinks, Beverages, Alcohol, Others

The Manufacturers Association of Nigeria has praised the Federal Government’s decision to suspend the proposed increase in excise duty on alcohol, non-alcoholic beverages, and tobacco. The association appreciated the Nigerian government for letting the 2022-2024 Federal Government Sectoral Roadmap run its full circle. Information Guide Nigeria Recall that the proposed tax increase was part of … Read more