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Finance

How NCC’s USSD disconnection approval threatens banks patronage

Upon disconnection, customers of the affected banks will not be able to carry out their financial transactions using their bank’s USSD code

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“MPR may not be reduced anytime soon”, experts forecast

As at December, 2024, the MPR stood at 27.50%, up from 18.75% in January of the same year.

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The Fayda ID project has enjoyed funding from the World Bank and European Union to the tune of $350 million and €100 million respectively.

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The CBN has fined nine Nigerian banks with a fine of ₦150 million each following their failure to make available cash for customers in their ATMs during the Christmas holidays.

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The non-resident accounts present opportunities for Nigerians in the diaspora to participate in the country’s socioeconomic development

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Zambia’s SEC has meted out sanctions on Standard Chartered Bank for mis-selling a Chinese property company’s bond to a local client.

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Banks resist windfall tax amid double taxation concerns

Banks resist Nigeria’s windfall tax over double taxation concerns, sparking debates on tax reforms and economic growth.

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Kenya tops Africa’s startup funding in 2024 with $638M, outshining Nigeria as funding drops across the continent.

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LIRS leverages technology to simplify tax compliance, making it faster, cheaper, and more efficient for taxpayers.

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Why Nigerian entrepreneurs should look to invest in Liberia

Liberia is a top destination for Nigerian entrepreneurs with tax breaks, profit repatriation and investment opportunities.

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How telecom tariff hikes in Nigeria will impact banks, telecoms, small businesses, and financial inclusion efforts.

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Nigeria’s Tax Bill aims to modernize the system, but key provisions like Free Zone taxes may hurt businesses and deter investments

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South Africa’s EV future depends on smart tax policies to boost production, investment, and affordability.

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Kenya caps SEZ tax breaks at 10 years

Kenya caps SEZ tax breaks at 10 years to boost revenue and impact industries. This move aims for economic balance and sustainable growth.

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Kenya’s tax amnesty offers relief from penalties and interest, but will it drive lasting compliance or mask deeper issues?

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Tullow Oil’s win in the $320 million tax case with Ghana highlights the importance of clear tax rules, arbitration, and investor confidence

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December’s PMI rise to 52.7 signals Nigeria’s private sector recovery, offering growth and increased tax revenues for the government.

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Kenya Airways resumes trading after posting its first profit since 2013 and is expected to contribute to Kenya’s economic growth.

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Guaranty Trust Holding Company (GTCO) has completed the first round of its equity capital program, raising ₦209.41 billion.

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South Africa faces a R3B tax loss as wealthy individuals leave, impacting businesses, luxury markets, and increased tax revenue.

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