Nigeria
Nigeria Repays $1.8 Billion in Foreign Loans
The Nigerian government has successfully repaid a total sum of $1.8 billion in foreign loans, including part of the COVID-19 advances obtained to ...
Nigeria
FCCPC Initiates Measures to Address Rising Indebtedness from Loan Apps
The Federal Competition and Consumer Protection Commission (FCCPC) has revealed plans to establish a comprehensive regulatory framework to tackle the issue of increasing ...
Nigeria
Nigeria: CBN Reverses Crypto Transaction Ban for Banks with Regulatory Framework
In a recent circular addressed to banks and financial institutions, the Central Bank of Nigeria (CBN) has lifted the restrictions on banks, allowing ...
Nigeria
Nigeria: Central Bank of Nigeria Issues Warning Against Cash Scarcity Conspiracy by Banks and PoS Operator
The Central Bank of Nigeria (CBN) has issued a stern warning to both banks and Point-of-Sale (PoS) operators regarding an alleged conspiracy that ...
Ghana
Ghana Revenue Authority Announces Value Income Tax for Ride-Hailing Vehicles from January 1
Commencing January 1, 2024, the Ghana Revenue Authority (GRA) is set to implement a new tax policy known as the Value Income Tax ...
Nigeria
Nigeria: House of Representatives Urges CBN to Include Chinese Yuan in External Reserves
The House of Representatives has recommended the inclusion of the Chinese Yuan as an official foreign exchange reserve currency, alongside other globally recognized ...
Africa
Africa: American Business Council and Stakeholders Launch Cybersecurity Hub to Boost Capacity in Africa
The American Business Council (ABC) and key stakeholders have introduced a cybersecurity hub aimed at enhancing the skills of young technology enthusiasts and ...
Nigeria
Nigeria: FIRS Instructs Banks to Implement Electronic Money Transfer Levy on Foreign Currency Transactions
The Federal Inland Revenue Service (FIRS) has issued a directive to deposit money banks, instructing them to deduct and remit the Electronic Money ...
Nigeria
Nigeria: MAKA, Nigerian Social Commerce Platform, Secures $2.65 Million in Pre-Seed Funding
Nigerian social commerce startup, MAKA, specializing in creating an engaging and seamless fashion discovery and purchase experience, has successfully raised $2.65 million in ...
News
Nigeria: Telecom Subscribers Urge FG to Extend SIM-NIN Deadline to April 30
Telecommunication subscribers are calling on the Federal Government to extend the deadline for blocking telephone lines without National Identity Numbers (NIN) and those ...