Business News

The Presidential Fiscal Policy and Tax Reforms Committee has revealed plans to provide tax relief to 95% of businesses operating in Nigeria's informal sector. Mr. Taiwo Oyedele, the Committee's Chairman,...

In light of an ongoing operational audit by regulatory authorities, Dana Air has revealed that it has let go of certain employees. The Head of Corporate Communications for the airline,...

The Economic and Financial Crimes Commission has read the Riot Act to foreign missions based in Nigeria, banning them from transacting in foreign currencies, and mandating the use of Naira...

Some banks have started the implementation of the Central Bank of Nigeria’s directive on the extension of the commencement of processing fees on deposits. On May 1, banks resumed the...

The government of Zimbabwe has announced fines for businesses that use exchange rates higher than those stipulated by the newly introduced gold-backed currency, known as the ZIG. This move aims...

The Chartered Institute of Taxation of Nigeria has advocated for transparency in the allocation of tax revenue, emphasising that simply collecting taxes without using them wisely, undermines the country’s tax...

The Federal Government has faulted the proposal by telecommunications companies to raise their tariffs, emphasising that increasing data, voice and text message prices isn’t the “sole or optimal solution” to...

The International Monetary Fund has strongly urged the Central Bank of Nigeria to unwind the regulatory forbearance granted to Deposit Money Banks during the COVID-19 pandemic. It also cautioned against...

The board of Airtel Africa has proposed a final dividend of $3.27 per share for the year ending March 2024. The telecoms giant will be paying $13.39bn dividend for the...

Through a partnership with the regional neobank O3 Capital Nigeria Limited, American Express Co. has launched its first business credit card in Nigeria, perhaps expanding access to dollar transactions in...