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Finance

How banking, oil boom will shape Nigeria’s stock exchange in 2025

In 2025, analysts predict the NGX will witness bullish oil and banking stocks, and FX headwinds. Will market resilience hold, or will volatility shape the year

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NAICOM’s ALM directive to insurance companies to strengthen annuity business in Nigeria

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.

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The increased lending suggests that commercial banks may be experiencing lower liquidity rates.

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Risevest’s SEC scrutiny highlights tax and regulatory challenges for digital investment platforms and investors.

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Zambia loses $3B annually due to mining tax evasion, with weak enforcement and low royalty rates limiting revenue.

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The company’s revenue increased from ₦80.4 billion in 2023 to an impressive ₦129.1 billion in 2024.

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CBN’s FX code to spur market participants to higher operational standards

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.

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Richards Bay coal exports rise to 52M tons in 2024, but challenges like low coal prices and infrastructure remain.

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Nigeria’s 33% railway revenue drop in Q3 2024, has been linked to decline in cargo and other sources of income.

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The CBN governor disclosed plans to strengthen banks and the FX and set up a compliance department to promote accountability in the banking industry.

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Nigeria’s tax system must adapt to global changes, with reforms needed to boost resilience and reduce reliance on trade.

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Kenya’s debt payments consume 61% of tax revenue, limiting funds for development and economic growth.

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This report shows that South African banks are in for a moderately robust and profitable year.

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Egypt’s new tax reforms simplify processes, cut taxes for SMEs, speed up refunds, and rebuild trust with businesses.

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Kenya’s e-Citizen faces challenges like crashes and security issues but could inspire digital growth in Africa.

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FIRS can hit $6 billion revenue in 2025 by learning from South Africa

How Nigeria’s FIRS can achieve ₦25 trillion revenue in 2025 by learning from South Africa’s advanced tax system.

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Nigeria’s treasury bills oversubscribed by 400% as demand soars

With institutional investors opting for safe, high-yield, government-backed Treasury bills, there could be telling effects on Nigeria’s private sector

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Seplat faces $37.5M tax evasion charges, raising concerns about its financial transparency and reputation.

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Nigerians abroad face a proposed $500 tax this holiday, sparking debate on its impact on tourism and the economy.

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The CBN has introduced its “fully developed in-house” digital solutions -DocFlow and MDAs Naira Payment Solution.

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