Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has announced that the Federal Government has waived withholding tax for farmers, small businesses, and manufacturers. Oyedele disclosed this in a…
The Creative Industries Initiative for Africa (C.I.I.F.A.), in collaboration with Google, has launched the second cohort of the Engage Nigeria programme, a transformative initiative aimed at equipping 8,000 youth with creative industry…
The banking sector is playing a big role in attracting foreign investments, with the sector receiving the highest capital inflow, as revealed by the National Bureau of Statistics (NBS) report.
The National Bureau of Statistics (NBS) recently released its report on Nigeria’s capital importation for the first quarter of 2024, highlighting a surge in foreign investments.
The potential for mobile money and digital payments to drive financial inclusion is immense. We can see this potential being unlocked on the African continent as it accounts for 70% of the world’s $1 trillion mobile money value and…
Ecobank Nigeria, a subsidiary of the Ecobank Group, has unveiled a deposit mobilisation campaign ‘Ecobank Super Rewards ‘Millionaire Geng Promo’ targeted at rewarding customers’ loyalty. The six-month campaign, which is set to run between…
Nigeria saw a significant increase in total capital importation, which rose by 210.16% in the first quarter of 2024, reaching $3.37 billion compared to $1.08 billion in the previous quarter of 2023. The National Bureau of Statistics (NBS)…
Access Holdings Plc. has announced that its Board of Directors will meet on July 30, 2024, to review and approve the Group’s Audited Financial Statements for the half-year ending June 30, 2024. At the same time, the Group may also discuss…
Idris Babatunde Olayiwola, a former Information Technology (IT) officer at Globus Bank, has stated why he quit his job, saying the fraud allegations leveled against him by the bank are “baseless and untrue”. According to Olayiwola in a…
The Securities and Exchange Commission has threatened to impose an N1m penalty on banks if they fail to submit complete capital raise applications, this is to ensure compliance with banking sector recapitalisation guidelines, According to…
It was a night of glamour and allure as ZTE Corporation, a global giant in telecommunications, in partnership with TD Africa, the continent’s leading tech distribution firm, launched its groundbreaking ZTE Nubia series in Nigeria. The…
Mr. Olanipekun Olukoyede, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), has called for the use of blockchain technology and artificial intelligence to track and recover $88.6 billion stolen from African…
Wildix, a pioneer in AI-driven unified communications as a service (UCaaS), has reached a major milestones and financial results highlighting its leadership in powering remote and hybrid workforces globally. The company has surpassed 1…
Interswitch eClat, a health-tech subsidiary of the Interswitch Group, has reaffirmed its commitment to providing Nigerians with quality healthcare services through innovative health-tech solutions. Dr. Babajide Oyeduntan, vice president of…
The Central Bank of Nigeria (CBN) on Friday announced nine new guidelines for Deposit Money Banks (DMBs) to deposit excess foreign currency notes at its Lagos and Abuja branches. This initiative, according to the bank, is intended to…
Taiwo Oyedele, the Chairman of Nigeria’s Presidential Fiscal Policy and Tax Reforms Committee, believes Nigeria can significantly boost its revenue without imposing new taxes. Instead, he advocates for better tax administration and the use…
Following the successful integration of its inaugural cohort, Unified Payment Services Limited this week welcomed a new cohort into the Unified Payments Academy, a pioneering talent incubation program designed to address the talent gap in…
Mr. Philip Ikeazor, Deputy Governor of Financial Systems Stability at CBN, stated that Nigeria’s central bank is aiming to enhance the fintech sector through a primary focus on Corporate Governance and Licensing. Ikeazor disclosed this,…
The Federal Competition and Consumer Protection Commission (FCCPC), has encouraged Nigerians to be vigilant and actively report any violation. FCCPC appealed during an advocacy meeting with traditional rulers and other stakeholders at the…
Quick look Following the successful launch of the first green basket bond in 2022, the new issuance will increase financing to small-scale green projects and businesses, funded through micro, small and medium enterprise (MSME) lenders…
Today’s workers already trust AI to do almost half of their work tasks, according to new Salesforce research. While workers feel most comfortable when AI and humans work together, they are beginning to trust AI to complete time-saving…
The Securities and Exchange Commission (SEC) has said that the digitization of the capital market will be instrumental in establishing new standards for capital raising in Nigeria.
Sundry Markets Limited, owners of Marketsquare, a leading indigenous retail chain in Nigeria, has been recognized as one of Africa’s top 50 fastest-growing companies for 2024 by the Financial Times. The FT-Statista ranking highlights…
From economic downturns to global crises, Micro, Small, and Medium-sized Enterprises, MSMEs have continued to demonstrate remarkable resilience and adaptability, in facilitating economic growth and development across borders. Driven by the…
The Debt Management Office (DMO) has clarified the factors contributing to the recent increase in Nigeria’s debt stock, attributing the rise primarily to approved new borrowings and changes in the naira exchange rate.