All posts tagged "Featured"
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65Banking & FinanceActive Bank Accounts Up 122.3m to 331.6m in One Year
Nigeria’s banking sector saw a remarkable expansion in 2024, with active accounts surging to 331.6 million by December, reflecting an increase of...
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340Telecoms & ITNigeria to Raise Broadband Investments by 500% –Minister
The Federal Government aims to increase broadband investments by 300 to 500 per cent under a new initiative designed to accelerate internet...
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90Banking & FinanceFIRS Begins Withholding Tax System
The Federal Inland Revenue Service (FIRS) has announced the commencement of the implementation of the withholding tax system. This is aimed at streamlining tax...
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181Industry & MoneyOil Firms Must Supply Local Refineries Or Lose Export Permits –NUPRC
The Nigerian Upstream Petroleum Regulatory Commission has directed exploration and production companies to strictly adhere to the Crude Oil Supply Obligations for...
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86Banking & FinanceCBN Extends $25,000 Weekly Forex Sales to BDCs
The Central Bank of Nigeria has extended the temporary access granted to Bureau de Change operators for purchasing foreign exchange from the...
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83Business NewsNigeria, Uganda Strengthen Trade Relations Under AfCFTA
Nigeria and the Ugandan governments have strengthened trade relations following the appointment of the Ugandan Trade Representative Ani Bassey-Eyo to Nigeria, marking...
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51MartimeNigeria Loses ₦2.5tr Annually to Non-implementation of National Single Window –Minister
Owing to the failure to implement the National Single Window (NSW) initiative, Nigeria incurs an annual loss of approximately N2.5 trillion due...
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84Business NewsEU Votes €150b Infrastructure Devt Support for Nigeria, Others
The European Union (EU) would disburse €150 billion in four years by 2027 to Nigeria and other African countries to enhance infrastructural...
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315Telecoms & ITTelcos Defend 50% Tariff Hike, Warn of Sector Collapse if Unimplemented
Nigeria’s telecommunications industry faces a looming financial crisis, with operators citing unsustainable operating costs and an outdated tariff structure as major challenges....
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23Banking & FinanceMobile Money Operators Processed ₦71.5tr Transactions in 2024 –NIBSS
Nigeria’s mobile money sector experienced expansion in 2024, with licensed operators, processing transactions worth N71.5 trillion between January and December. This represents...
