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Day: January 9, 2023

Tanzania: Oil Traders Forecast that Local Gasoline Prices will Stabilize 2023.
AfricaBusiness

Tanzania: Oil Traders Forecast that Local Gasoline Prices will Stabilize 2023.

The year 2023 began with petroleum products moving in a variety of directions, predictions for the stability of fuel prices…

byakintundeJanuary 9, 2023January 9, 2023
Ghana’s Currency Depreciates Further Against the US Dollar.
AfricaCurrency

Ghana’s Currency Depreciates Further Against the US Dollar.

Despite performing admirably over the past month, the Ghana cedi is now starting to lag behind the US dollar. According…

byakintundeJanuary 9, 2023January 9, 2023
Kenya: Bondholders Bid Sh39 billion at the Switch Auction.
AfricaLocal

Kenya: Bondholders Bid Sh39 billion at the Switch Auction.

The switch auction, which closed on November 30, 2022 was largely occupied by holders of the two-year bond that matured…

byakintundeJanuary 9, 2023January 9, 2023
LCCI Requests that the Nigeria FG Changes the Petroleum Profit Tax Act.
Local

LCCI Requests that the Nigeria FG Changes the Petroleum Profit Tax Act.

The Petroleum Profit Tax Act has been requested to be amended to include the same clauses as Section 104 of…

byakintundeJanuary 9, 2023January 9, 2023
Tax Experts Disagree with The ASUU’s 10% Education Tax.
Local

Tax Experts Disagree with The ASUU’s 10% Education Tax.

To pay for the infrastructure in Nigeria’s universities, ASUU President Prof. Emmanuel Osedeke recently proposed raising the education tax from…

byakintundeJanuary 9, 2023January 9, 2023
Why Increase Tax on Imported Cars? Agents Angrily Protest.
Local

Why Increase Tax on Imported Cars? Agents Angrily Protest.

Following the Nigeria Customs Service’s decision to increase duty on imported vehicles by 10%, freight forwarders have warned that there…

byakintundeJanuary 9, 2023January 9, 2023
Nigerian Market will Benefit from Canadian Real Estate Policy.
BusinessInvestinginvestment

Nigerian Market will Benefit from Canadian Real Estate Policy.

According to stakeholders, Canada’s decision to ban foreign real estate investors will have a positive effect on the real estate…

byakintundeJanuary 9, 2023January 9, 2023
Nigeria Will Restrict Cash withdrawals from Government Accounts.
Local

Nigeria Will Restrict Cash withdrawals from Government Accounts.

According to a statement from the head of the Nigerian Financial Intelligence Unit (NFIU), Nigerian officials will no longer be…

byakintundeJanuary 9, 2023January 9, 2023
NIMASA: The Key to Effective Port and Flag Administration is Standardized Digital Communication.
BusinessMaritime

NIMASA: The Key to Effective Port and Flag Administration is Standardized Digital Communication.

According to Dr. Bashir Jamoh, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), international cooperation to achieve…

byakintundeJanuary 9, 2023January 9, 2023
Nigeria’s Oil Output Reaches its Highest Level in Nine Months Due to Crude Oil Theft.
Commodities

Nigeria’s Oil Output Reaches its Highest Level in Nine Months Due to Crude Oil Theft.

According to data released by the Nigerian Upstream Petroleum Regulatory Commission, Nigeria’s crude oil production increased to 1. 235 million…

byakintundeJanuary 9, 2023January 9, 2023

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