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Nigeria’s Half-Year Direct Remittances Decline by 21% to $952 Million – CBN
The Central Bank of Nigeria (CBN) has released data showing that Nigeria received a total of $952 million in direct remittances from Nigerians ...
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Nigeria: FIRS Grants Extension for Companies’ Income Tax Returns Submission
The Federal Inland Revenue Service (FIRS) in Nigeria has announced an extension of the due date for submitting companies’ income tax returns for ...
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Nigeria: OPay Transforming Nigeria’s Fintech Landscape and Driving Financial Inclusion
In a market traditionally dominated by deep-pocketed commercial banks, few fintech companies were expected to thrive. However, the fintech narrative in Nigeria has ...
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Nigeria Leads Crypto Interest in Africa, Accounting for 67% of Total
Nigeria has emerged as the country with the highest interest in cryptocurrencies, particularly Bitcoin and Ethereum, in Africa, according to a recent research ...
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Nigeria: CBN Lifts Cash Deposit Restriction On Domiciliary Accounts, Allows $10,000 Daily Withdrawals
The Central Bank of Nigeria has announced the removal of cash deposit limitations on domiciliary accounts, granting account holders the liberty to withdraw ...
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Nigerian Naira Declines, FX Rate Expected to Reach N785 in One Month
The Nigerian naira experienced a decline of N7.65 at the Investors’ and Exporters’ foreign exchange (FX) window during the past week, despite two ...
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Nigeria: MPC Member Raises Concerns Over Unsustainability of Tax Credit Schemes
Mike Obadan, a member of Nigeria’s Monetary Policy Committee (MPC), has expressed his view that the country’s tax credit schemes are unsustainable. In ...
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Nigeria: Customers Receive N115 Billion and $22.7 Million Refunds for Failed Transactions, says CBN
The Central Bank of Nigeria (CBN) has reported that bank customers filed a total of 35,453 complaints regarding failed transactions over the past ...
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Nigerian Exchange Sustains Uptrend, Records N270 Billion Gain
The Nigerian Exchange continued its upward trajectory on Thursday (July 6, 2023), with investors enjoying a daily gain of N270 billion. This positive ...
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Nigeria: President Tinubu Signs Executive Orders, Suspends 5% Excise Tax on Telecoms and Other Measures
President Bola Tinubu has signed four Executive Orders, including the suspension of the five per cent Excise Tax on telecommunication services and the ...
