News
Nigeria: IMF to support Nigeria as naira appreciates to N663/$
The naira traded at 663.04/dollar at the close of business on Friday (June 16, 2023) after a free fall following the Central Bank ...
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Nigeria’s inflation climbs to 22.41%
Nigeria’s annual inflation rate rose to 22.41 per cent in May, the National Bureau of Statistics (NBS) has said. The bureau disclosed this ...
News
Nigeria: Naira weakens to 702/$, CBN fresh FX supply likely
The naira traded at 702.19/dollar at the close of business on Thursday (June 15, 2023), as the Central Bank of Nigeria has allowed ...
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Nigeria: FIRS commences implementation of amended Finance Act, 2023
The Federal Inland Revenue Service (FIRS) on Tuesday (June 13, 2023)announced the commencement of implementation of the amended Finance Act, 2023. This was ...
Nigeria
Nigeria: CBN Grants Awacash Microfinance Bank License
Awacash, a fintech platform, has received a microfinance bank license from the Central Bank of Nigeria. This is followed by its previous acquisition of a ...
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Nigeria: New telcos eyeing 27millon Nigerians without telecom access – NCC
Licencing Mobile Virtual Network Operators and the continued rollout of Fifth Generation (5G) networks across the country is in a bid to offer ...
News
Nigeria: Polaris Bank appoints two new executive directors
Polaris Bank has appointed two new members into its executive leadership team. A statement issued by the bank said, “Chinwe Iloghalu joins the ...
News
Nigeria: CBN Abolishes Multiple Exchange Rate Window
The Central Bank of Nigeria (CBN) has confirmed changes in the foreign exchange market. In a statement on Wednesday (June 14, 2023) night, ...
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Nigeria: NAICOM want brokers upscale model to cushion subsidy removal shocks
The National Insurance Commission (NAICOM) has called on the brokerage arm of the industry to upscale its business model to hedge the impacts of recent ...
News
Nigeria: Company Income Tax in Nigeria falls by 37.7% in Q1 2023
Nigeria’s Company Income Tax (CIT) experienced a significant decline of 37.79% on a quarter-on-quarter basis, plunging from N753.88 billion in Q4 2022 to ...
