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Latest News in Nigeria - Page 88

Understanding What Tax Reform Bills Means for Nigerians- Experts

N50 Transfer Levy: Another Form of Double Taxation As Government Set To Make Over N1bn daily

What is the Transfer Levy? Starting September 9, 2024, fintech companies in Nigeria such as OPay, Moniepoint, and others will begin deducting the N50 Electronic Money Transfer Levy (EMTL) from customer inflows of N10,000 and above. This new policy follows a directive

September 9, 2024

SERAP sues Tinubu, govs over cybercrime law abuse

Business·News

SERAP Urges Tinubu To Reverse Fuel Price Hike, Cites Legal Breach

The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to reverse the recent increase in the price of petrol. SERAP argues that the price hike by the Nigerian National Petroleum Company Limited (NNPCL) is illegal, and unconstitutional, and

September 9, 2024

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Nigeria’s Equity Market Sees N83 Billion Decline Amid Sell-Offs In Big Stocks

The Nigerian equity market saw a significant dip last week, losing N83 billion as a result of sell-offs in major stocks. Both the All-Share Index (ASI) and the market capitalisation fell by 0.15%, with the ASI closing at 96,433.53 points and the

September 9, 2024

Business·Markets·News

FBN Holdings Plc Sells 100% Stake In FBNQuest Merchant Bank To EverQuest LLP

FBN Holdings Plc has officially announced the sale of its entire equity stake in its subsidiary, FBNQuest Merchant Bank Limited, to EverQuest Acquisition LLP. The agreement aligns with FBN Holdings’ strategy to optimise its portfolio. This sale is subject to approvals from

September 8, 2024

Business·FEATURES·News

Top 15 African Countries With The Highest External Reserves

External reserves are critical to the financial health and stability of any country. These reserves, typically held in foreign currencies, enable countries to manage their monetary policies, stabilize their currencies, and support international trade. In Africa, various nations have amassed significant external

September 8, 2024

Business·News

Opay To Charge N50 Levy On Transfers Of N10,000, Above From September 9

Opay, a leading fintech company in Nigeria, will begin charging customers a N50 levy on electronic transfers of N10,000 or more from September 9, 2024. This move complies with the Federal Inland Revenue Service (FIRS) regulations. The company shared this update with

September 8, 2024

News·Politics

Just In: Tinubu’s Special Adviser, Ajuri Ngelale Steps Down

Ajuri Ngelale, the Special Adviser on Media and Publicity to President Bola Tinubu, has announced his resignation with immediate effect. Ngelale, who also held the roles of Special Presidential Envoy on Climate Action and Chairman of the Presidential Steering Committee on Project

September 7, 2024

Business·News

CAC Warns POS Operators As Registration Deadline Expires

The Corporate Affairs Commission (CAC) has reiterated its warning to Point of Sale (POS) operators following the expiration of the 60-day deadline for business registration. The directive, issued on July 7, 2024, gave operators until September 5, 2024, to comply. CAC moves

September 7, 2024

Nigerian Debt: Why Are States Still Borrowing Despite Increased FAAC Allocations?

Business·News

Top 15 Nigerian States With Highest External Debt Service Costs In 2024

Nigeria’s external debt continues to rise, with states facing increasing financial obligations to service their debts. In the first half of 2024, Nigerian states collectively spent about N139.92 billion on external debt servicing. This figure represents a significant increase of 122% compared

September 6, 2024

Business·Markets·News

Nigeria’s Equity Market Dips As Oando, RT Briscoe, FTN Cocoa Slide

The Nigerian equity market ended in negative territory on Thursday as cautious investor sentiment persisted, with little optimism driving stock prices. The Nigerian Exchange Limited (NGX) saw a downturn in trading activity, as stocks like Oando, RT Briscoe, and FTN Cocoa experienced

September 6, 2024

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Latest News in Nigeria - Page 88

N50 Transfer Levy: Another Form of Double Taxation As Government Set To Make Over N1bn daily

SERAP Urges Tinubu To Reverse Fuel Price Hike, Cites Legal Breach

Nigeria’s Equity Market Sees N83 Billion Decline Amid Sell-Offs In Big Stocks

FBN Holdings Plc Sells 100% Stake In FBNQuest Merchant Bank To EverQuest LLP

Top 15 African Countries With The Highest External Reserves

Opay To Charge N50 Levy On Transfers Of N10,000, Above From September 9

Just In: Tinubu’s Special Adviser, Ajuri Ngelale Steps Down

CAC Warns POS Operators As Registration Deadline Expires

Top 15 Nigerian States With Highest External Debt Service Costs In 2024

Nigeria’s Equity Market Dips As Oando, RT Briscoe, FTN Cocoa Slide

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Germany, Australia, and Lawyers Without Borders Urge Nigeria to Abolish Death Penalty

Unity Bank Corpreneurship Challenge Beneficiaries Hit 578 as 30 More Winners Emerge

Decarbonisation: Shippers Regret Failure to Reach Consensus on Net-Zero Framework

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Nigerian Lawyer Obamuroh Named Partner at White & Case, Earns Presidential Praise

EFCC Begins Investigation of 32 Suspects in Alleged Ponzi, Employment Fraud in Uyo

Tinubu Returns to Abuja After Attending Aqaba Process Summit in Rome

Olukoyede Praises Media, CSOs’ Efforts in Tackling Corruption, Urges More Collaboration

Investors Shrug Off Banking Jitters, But More Volatility Lies Ahead – deVere CEO

Crypto Dives Further Amid Renewed Deleveraging Events

Innovation Series: Michael Gelpke Brings Home a Governmental Contract Worth 160M USD In Africa

Markets Find Footing as Gold Shines

Nigerian Lawyer Obamuroh Named Partner at White & Case, Earns Presidential Praise

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