Company Income Tax Dropped By N124.71Bn In 2021 Q4 -NBS
Company Income Tax (CIT) recorded a N124.71 billion decline from N472.52 billion in quarter three, 2021 to N347.81 billion in…
Author: akintunde
Ghana Regains Exemplary Status In Money Laundering Fight
Ghana has restored its image as an example to West African peers in the fight against the illicit flow of…
Revenue collection has increased by 48% in the last five years
The report states that revenue collection has increased from shs13.4 trillion in 2016/2017 to shs21.1 trillion in the 2020/2021 financial…
Treasury Targets Sh50 Billion From March Bond Sale
The National Treasury is seeking to raise Sh50 billion from three bond sales in March, comprising reopening of securities that…
NSE Sheds Sh92Bn In A Day As Russia Invades Ukraine
The market capitalisation closed at Sh2.453 trillion compared to Sh2.546 trillion on Wednesday, with Safaricom, East Africa Breweries Limited (EABL)…
Kenya Set Date To Unveil Flying Taxis
Kenya Airways will pilot electric vehicles that take off and land vertically to beat traffic from 2025 as part of…
Since 1973 Naira Loses10.6% Of Its Value Annually – IMF
The International Monetary Fund says the long-term rate of the depreciation of the naira equates to a loss of 10.6…
WHO Sets Up Hub To Train Low And Middle-Income Countries On Vaccine Production
The World Health Organization (WHO) has set up a hub in South Korea to train Nigeria and other low and middle-income countries…
Nigeria’s N898Bn Wheat Imports At Risk As Russia-Ukraine Conflict Escalates
Russia’s status as the largest exporter of wheat in the world is causing disquiet in many countries following its military…
After Alphabet’s Stock Split, Amazon And Others Look Ripe To Split Shares
Alphabet GOOGL+4.00% recently announced it is splitting its stock. It probably won’t be the only company to do so in the short term—and…
URA Ramps Up Crackdown On Tax Defaulters
The Uganda Revenue Authority (URA) has reiterated its call to taxpayers in Kampala Metro Region to clear any outstanding taxes…
Blackout Fears As Kenya Power Staff Plan Strike
Kenya Power’s KPLC workers have threatened to go on strike in a dispute over the firm’s plans to lay off…
CBK Seeks Digital And Mobile Payment Platforms Fees Cut
The Central Bank of Kenya (CBK) has asked digital payment service providers including mobile money firms to cut their prices,…
T-Bills Interest Rates Jump To Two-Year High
Interest rates on Treasury bills have climbed to a two-year high on the back of a higher bid acceptance rate…
NAICOM, CIIN seek to boost insurance sector growth
The National Insurance Commission and the Chartered Insurance Institute of Nigeria have emphasised the need for operators in the insurance…
NGX inducts 133 new authorised dealing clerks
Nigerian Exchange Limited has inducted a total of 133 authorised dealing clerks from 63 trading license holders. During the induction…
Duty on vehicles, cargoes imported via PTML hits N224bn
The duty collected on imported used vehicles and other cargoes through Ports & Terminal Multipurpose Limited, one of the terminals…
Purple Lekki Is Creating An Iconic Space For Techies In Lagos, In Partnership With Ventures Park
Purple Lekki and Ventures Park announced today that both companies have entered into a strategic partnership for an iconic private…
Dangote Sugar Plc loses over N11 billion in market value in a single session
At the end of yesterday’s trading session, Dangote Sugar Refinery’s share price depreciated by 5.28% to close at N17.05 per…
Five Digital Products Propelling MTN Towards Tech
MTN has been growing alternative sources of revenue outside voice, maintaining an accelerated growth trajectory, with massive adoption of its…
African fintech, The Green Exchange targets $5 billion green bond issuance in Nigeria, others
African fintech, The Green Exchange is targeting $5 billion in green bond sales within five years to fund green bonds…
Cardano To Launch P2P Lending Network In Africa
Charles Hoskinson, the co-founder of Cardano, has disclosed that the Cardano blockchain plans to launch a peer-to-peer (P2P) lending in…
London Stock Exchange Acquires Tora For $325 Million
The London Stock Exchange Group (LSEG) announced that it has acquired a United States’ based cloud technology provider, Tora for…
NGX Loses N21 Billion As Investors Initiate Cautious-Trading
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 8…
Advans Partners Axa Mansard To Launch Micro-Health Insurance Products
Advans La Fayette Microfinance Bank said it launched a micro-health insurance product in partnership with AXA Mansard, aimed at facilitating…
Nigeria:Demand Tickets From LASTMA When Arrested, Lagos Tells Commuters
The Lagos State Government, through the state Ministry of Transport, has urged Lagosians to always demand tickets from officer of…
FG begins probe of airlines over alleged collusion to fix airfares
Federal Government has commenced investigations into the alleged collusion by domestic airlines to fix airfares on all domestic routes. As…
Jamaica Finalising Steps To Debut Its CBDC
The Jamaican government has stated that it is finalizing preparations to launch the country’s central bank digital currency. In a…
Port congestion looms as 8,000 vehicles arrive Monday amid strike
Following the withdrawal of services by freight forwarders and clearing agents at Ports & Terminal, Lagos ports terminals may become…
FG to partner CBN, SEC on national savings scheme
The Minister of Finance Budget and National Planning, Zainab Ahmed on Tuesday received the National Savings Scheme Report from the…