Nigeria
Nigeria introduces tax framework for cryptocurrency profits under new NRS guidelines
Profits and income generated from cryptocurrency and other virtual asset transactions are now taxable in Nigeria following the release of comprehensive tax guidelines ...
Nigeria
Nigeria: Middle East tensions limit CBN’s policy flexibility in inflation fight
Escalating geopolitical tensions in the Middle East continue to pose significant risks to the global economy, narrowing the Central Bank of Nigeria’s (CBN) ...
Nigeria
Nigeria: CBN says stronger fintech regulations will promote fair competition
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to strengthening regulatory oversight of the fintech and digital payments ecosystem, stating that ...
Nigeria
Nigeria: Mobile money transactions in Nigeria climb 81% to N372.14tn, CBN reports
Mobile money transactions in Nigeria reached N372.14 trillion in 2025, representing an 81.26 per cent increase from N205.31 trillion recorded in 2024, according ...
Nigeria
Nigeria’s mobile subscriptions hit highest level since 2024, NCC data shows
Nigeria’s mobile telecommunications sector has continued its recovery, with active mobile subscriptions rising to 189.4 million in May, marking the highest level recorded ...
Nigeria
Nigeria: NAICOM clears 43 insurers after recapitalisation exercise, reviews eight others
The National Insurance Commission (NAICOM) has announced the successful completion of Nigeria’s 12-month insurance sector recapitalisation exercise, confirming that 43 insurance and reinsurance ...
News
Nigeria: SEC begins fully digital registration process for Nigeria’s capital market
The Securities and Exchange Commission (SEC) has commenced the rollout of a fully electronic registration process for capital market operators, allowing designated regulatory ...
Nigeria
Nigeria: Defaulting Nigerian taxpayers face e-invoicing penalties from July 31
Large taxpayers that fail to onboard to the Nigeria Revenue Service’s (NRS) electronic invoicing system by July 31 could become subject to statutory ...
Fintech
Nigeria: Zedcrest Group acquires Leatherback to expand global fintech footprint
Nigerian financial services group Zedcrest Group has acquired UK-founded cross-border payments company Leatherback for an undisclosed sum, strengthening its expansion into global financial ...
Nigeria
Nigeria: Federal Government Launches Committee to Develop 2026 VAT Modification Order
The Federal Government has inaugurated an inter-ministerial committee to draft the 2026 Value Added Tax (VAT) Modification Order, marking another step towards implementing ...
