Finance

A bill in Nigeria’s Senate seeking to ban the use of foreign currencies for salaries in the country has passed the First Reading.

Ethiopia’s parliament has passed an historic bill that allows foreign banks set up branches in the country.

Banks and other financial institutions will have to set up internal verification measures to filter suspected AML/CTF/CPF cases

The CBN has placed further cash withdrawal limits on bank agents’ transactions in a bid to tighten its cashless policy advancement.

Nigeria’s housing sector faces a crisis with empty estates and a lack of homes. Stakeholders advocate for tax relief to boost housing access.

Nigeria is turning a new page in its economic story. Once reliant on oil, the country is now leaning on taxes to fund its future. With a ₦19.4 trillion target for 2024, taxes have become the main source of revenue, supporting public services and driving growth.  In the first nine months of 2024, foreign companies…

While states like Lagos stands to benefit from full vat retention, the shift could create serious challenges for others with less revenue

With new leadership in place, all eyes are on how Standard Alliance Insurance would navigate a recovery and regain a competitive edge

MTN to set up a bank for its financial services division, MoMo. Plans already underway to get a license once SARB gives green light

If successful, the Rivers state tax reforms could reduce operational costs, and boost compliance for businesses

Lenders financing homes in estates like Osborne and Banana Island must now account for ground rent obligations, as failure to comply could result in penalties, legal risks, or property revocation

Polaris Bank disputes Niger State’s demand for tax clearance certificates, raising questions about state vs. federal tax authority.

Women run a lot of small businesses in Nigeria, and key bodies are fighting to have a tax reform that keeps their unique situation in mind

Kenya is one of the few countries in africa where global platforms allow creators to monetise. A new law wants to make sure the country gets a taste of the booming creator revenue

Digital transfers are booming in Nigeria—bringing ease for users and potential billions in tax revenue for the government.

With a $159M deal, Access Bank aims to merge its pan-African strength with Bidvest Bank’s local expertise in business and corporate banking

For 30 years, TETFund has helped public universities, polytechnics and colleges of education, to fund new class rooms, support research, and pay bills. All that is about to change

Cash is fading fast! Real-time payments are set to add $15 billion to Nigeria and South Africa’s GDP by 2028.