Section
322 stories from 2016 to 2025.
Small Businesses Get Relief, But Suppliers Without TIN Face Tougher Penalties Firms without a Tax Identification Number (TIN) will no longer qualify for exemptions under Nigeria's new Withholding Tax regulations, which…
All Versions of Naira Notes Remain Legal Tender, No Expiry Date The Central Bank of Nigeria (CBN) has reassured the public that all versions of the naira, including the old and new N1000, N500, N200 notes, as well as…
Federation Accounts Committee Details Revenue Sources, Allocation The Federation Accounts Allocation Committee (FAAC) has distributed a total of N1.727 trillion to the federal, state, and local governments for November…
2024 IFIC honors OPay for advancing financial inclusion in Nigeria Leading Nigerian financial services provider OPay has been honored with the prestigious International Financial Inclusion Conference (IFIC) Award for…
Spot Checks Begin Nationwide, Customers Advised to Report Cash-Withdrawal Challenges The Central Bank of Nigeria (CBN) has announced immediate nationwide spot checks on bank branches to enforce cash distribution…
South Africa Leads the Pack, While Nigeria Ranks Third Despite Being Africa’s Largest Economy Africa’s billionaires represent the continent's entrepreneurial spirit and economic potential. While Nigeria boasts Africa’s…
New Facility at Baptist Grammar School, Ibadan, Includes Mini-Conference Room, Home Economics Laboratory, and More The Chairman of SIFAX Group, Dr. Taiwo Afolabi, has donated a fully equipped building to Baptist Grammar…
Losses Highlight Challenges of Doing Business Amid Nigeria’s Economic Volatility MultiChoice Group Limited has written off $21 million held in Nigeria's Heritage Bank following the financial institution’s liquidation…
VAT Set to Rise from 7.5% to 10% in 2025, with Further Hikes Through 2029 The National Assembly is considering a new bill aimed at increasing Nigeria's Value-Added Tax (VAT) rate from its current 7.5% to 10% by 2025.…
Winners Chapel Founder David Oyedepo Celebrates New Airstrip Approval The Minister of Aviation and Aerospace Development, Festus Keyamo, has confirmed the approval of a private airstrip for Canaanland, the sprawling…
Nick Imudia, the former CEO of Konga, a major e-commerce company in Nigeria, has reportedly died by suicide. The incident occurred on the evening of Tuesday, June 25, 2024, when Imudia allegedly jumped from the balcony…
Peter Obi called on the Federal Government, through the Nigeria Deposit Insurance Corporation, to promptly and fully compensate all depositors. Labour Party presidential candidate Peter Obi has responded to the Central…
The Nigerian Central Bank (CBN) has successfully eliminated the $7 billion foreign exchange (forex) backlog that was pending when Governor Yemi Cardoso took office. Yesterday, the Acting Director of Corporate…
In the past 24 hours, the cryptocurrency market witnessed a 6% drop, bringing its total value down to $2.42 trillion. Solana, experiencing a 9% decline within the same timeframe, marked the final major alternative coin…
Nigeria witnessed an unprecedented surge in its broad money supply, reaching a new peak of N93.72 trillion as of January 2024, illustrating a significant leap forward. This amount reflects a remarkable increase of 76%…
The Federal Government has taken action against the online operations of Binance along with several other digital currency entities due to purported manipulations within the foreign exchange market. Binance operates as…
A noteworthy advancement in the technology sector has transpired: Apple is on the verge of incurring a substantial financial penalty of around $539 million due to an antitrust complaint that Spotify has filed. This…
The process from original concept to minimal viable product has changed from a straight line to a complex dance of iteration, validation, and refinement in the quick-paced world of product development. Prototyping no…
A recent BBC article states that a former employee of electric car manufacturer Tesla has voiced serious worries regarding the safety of the company's self-driving technology. Lukasz Krupski asserts that his attempts to…
In what seems to be an unsettling trend, reports suggest that the pump price of petrol is on the verge of yet another hike, marking the third consecutive increase within a mere span of 10 weeks. Insider sources within…
