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Reps mull plans to adopt non-interest banking in Nigeria Reps mull plans to adopt non-interest banking in Nigeria • As Finance bill scales through Second Reading Share The House of Representatives, on Thursday, unveiled plans to adopt non-interest banking services in Nigeria as part of efforts to stimulate the nation’s economy. The resolution was passed sequel to the adoption of a motion sponsored by Hon Kabir Tukura, stressed the need for Federal Ministries of Finance, Agriculture and Commerce to provide a deliberate policy that will encourage Bank of Industry (BOI), Bank of Agriculture...

3 min read The Securities and Exchange Commission is opposed to a proposed amendment in the Finance Bill 2020 that prescribes that unclaimed dividends be handed over to the federal government as trustee. The Head of Department, SEC, Abdulkadir Abbas, stated this at the public hearing of the bill organised by the Senate Committee on Finance on Thursday. His submission was in reaction to the presentation of the finance minister, Zainab Ahmed, on the key reforms intended in the bill. She explained that under the Companies and Allied Matters Act (CAMA), the federal government prop...