The Tribunal held that Section 56(2)(viib) could not be applied once the assessee qualified as a company in which the public are substantially interested. The ruling clarifies that the charging ...

Cash deposits arising from routine business collections cannot be wholly treated as unexplained income. The ruling confirms that estimations must reflect the nature of the taxpayer’s ...

ASHA Microfinance Bank has concluded a three-day bursary and client empowerment programme across Lagos, Ogun, and Oyo states, reinforcing its commitment to financial inclusion and sustainable ...

Restructuring the country’s microfinance architecture will gather pace this year, Governor of Bank of Ghana Dr. Johnson Pandit Asiama has insisted, urging commercial banks to scale up export finance ...

The proposed bank will be authorised to accept public deposits, a move the CDF said would reduce microfinance institutions’ reliance on borrowing from commercial banks at comparatively high interest r ...

A key feature of the proposed bank is that at least 60% of the paid-up capital will be held by the bank’s borrowers ...

The Credit and Development Forum (CDF), a national association and network of microfinance institutions, has said the proposed Microcredit Bank will be a social business, strictly regulated by ...

Niche banks cater to specific demographics by tailoring their services and products to meet unique customer needs. Discover ...

PayPal PYPL0.88%increase; green up pointing triangle has applied to form a bank offering business loans and savings accounts. The digital payments company, which owns Venmo, said Monday it had filed ...

“First they ignore you, then they laugh at you, then they fight you, then you win.” That quote is often attributed to Mahatma Gandhi, though the Indian independence leader never said it. To the crypto ...

Consumer banking is moving far beyond traditional branch-based models. A clear trend is the ascendancy of the “super app” strategy, where institutions consolidate hundreds of functions—from daily ...

SpaceX executives are starting the process to select Wall Street bankers to advise it on its initial public offering, according to people familiar with the matter. Investment banks are scheduled to ...