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As the country’s central bank reduces official interest rates to 10.75%, commercial banks are to reduce their interest rates or face sanctions
The US trade policies and tariffs on other countries such as China, may result in global inflation and may affect Uganda’s inflation rate.
Nigeria’s tax agency, FIRS, has started enforcing withholding tax, which will make companies tax enforcers for themselves and the partners they work with.
Crude oil production in Nigeria and other West African countries is expected to rise from 3.7 million to 3.9 million barrels per day by the end of 2025, signaling a recovery in the region’s oil sector.
The COMESA, a regional trade bloc covering 21 African countries, has launched an investigation on Airtel, MTN, over misleading IMT charges
The extension is granted to meet retail market demand for FX for eligible invisible transactions.
Nigerian firms report ₦1.66 trillion in profits for 2024, raising questions about tax revenue and compliance.
Where the insurance company does not have an in-house actuary, it is to employ the services of an external actuarial firm to carry out its ALM responsibilities for a period of not more than 2 years.
The increased lending suggests that commercial banks may be experiencing lower liquidity rates.
Zambia loses $3B annually due to mining tax evasion, with weak enforcement and low royalty rates limiting revenue.
The company’s revenue increased from ₦80.4 billion in 2023 to an impressive ₦129.1 billion in 2024.
This is in furtherance with the CBN’s plans to remove Nigeria from the FATF’s grey list. It has already achieved 37 out of the 40 requirements of the FATF.
The World Bank says it is funding a $1 billion project to expand Cameroon’s Nachtigal hydropower plant from 60 MW to 360 MW.
The CBN governor disclosed plans to strengthen banks and the FX and set up a compliance department to promote accountability in the banking industry.
Nigeria’s tax system must adapt to global changes, with reforms needed to boost resilience and reduce reliance on trade.
Kenya’s debt payments consume 61% of tax revenue, limiting funds for development and economic growth.
This report shows that South African banks are in for a moderately robust and profitable year.
With institutional investors opting for safe, high-yield, government-backed Treasury bills, there could be telling effects on Nigeria’s private sector
Seplat faces $37.5M tax evasion charges, raising concerns about its financial transparency and reputation.
The CBN has introduced its “fully developed in-house” digital solutions -DocFlow and MDAs Naira Payment Solution.
