NB expressed concern over a proposed tax stamp regime for excise verification and product tracking.
The IMF’s economic counsellor and director of research, Pierre-Olivier Gourinchas, said this at the ongoing IMF/World Bank Spring Meetings in Washington, D.C. on Tuesday.
This represents a 0.9 per cent gain compared to Wednesday, when the local currency traded at N1,371.82 to the dollar.
The naira on Wednesday appreciated at the official market trading at N1,371.82 against the U.S. dollar.
Wema Bank Plc says its profit before tax rose to N221.85 billion in the 2025 financial year, representing a 116 per cent increase compared with N102.51 billion recorded in 2024.
CBN data showed that the Naira lost N5.86, representing a 0.4 per cent decline from N1,380.79 reported before the Easter break.
The House of Representatives has directed the Central Bank of Nigeria, NIRSAL, and SMEDAN to restructure the repayment system for the recovery of the COVID-19 loans.
This is where many Nigerians have legitimate questions, particularly regarding the three banks that did not meet the deadline: Union Bank, Keystone Bank, and Polaris Bank.
The CBN directed banks to conduct stress tests to identify vulnerabilities. The directive followed the conclusion of the banking sector recapitalisation.
A small number of banks are still undergoing regulatory and judicial processes.
