FIRS Highlights Benefits of New Tax Reforms to Boost Revenue and Protect Air Travel Sector
The Federal Inland Revenue Service (FIRS) has outlined the key advantages of the Federal Government’s new tax reforms, describing them…
Category: Business
Importers Warn 4% FOB Levy Could Add N4 Trillion to Freight Costs, Fuel Inflation in Nigeria
The Importers Association of Nigeria (IMAN) has raised alarm over the Federal Government’s proposed 4 percent Free-On-Board (FOB) levy on…
COMAC Urges Government to Stabilise Cedi to Prevent Fuel Price Increases in Ghana
The Chamber of Oil Marketing Companies (COMAC) has called on the government to intensify efforts to stabilise the cedi to…
Nigeria SEC to Gradually Adopt ISSB Sustainability Standards to Boost Transparency and Investor Confidence
Nigeria’s Securities and Exchange Commission (SEC) has announced plans to phase in the International Sustainability Standards Board (ISSB) disclosure framework.…
Nigeria Needs 21.9% Annual Growth to Hit $1 Trillion Economy by 2031 — Afrinvest Report
Nigeria would need to achieve an annual economic growth rate of at least 21.9 percent at an exchange rate of…
Nigerian Stock Market Rebounds as Investors Gain N986 Billion Amid Renewed Buying Interest
The Nigerian stock market staged a strong rebound last week, reversing a four-week losing streak and rewarding investors with gains…
Ghana’s T-Bill Auction Misses Target by GH¢2.03bn as Investor Appetite Weakens
Ghana’s government fell short of its Treasury bill target last week, missing the mark by GH¢2.03 billion amid weakening investor…
Dangote Rolls Out 1,000 CNG Trucks to Slash Fuel Prices, IPMAN Mobilises Marketers Across Nigeria
In a major move set to reshape Nigeria’s fuel market, the Dangote Petroleum Refinery on Monday deployed over 1,000 Compressed…
Lagos Residents React to Proposed 5% Fuel Tax: Concerns Over Costs and Transparency
The proposed 5% fuel tax on petrol and diesel has sparked mixed reactions across Lagos, as Nigerians debate the potential…
ISSB-Aligned Sustainability Disclosures to Boost Nigeria’s Capital Market, Lower Costs, and Attract Global Investors
The Securities and Exchange Commission (SEC) has announced that adopting the International Sustainability Standards Board (ISSB) disclosure framework will significantly…
Dangote Refinery Denies NUPENG Allegations, Pledges 60,000 Jobs and Cheaper Fuel in Nigeria’s Energy Transition
Dangote Petroleum Refinery has rejected allegations by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), reaffirming its commitment…
SefRel Shop Champions ‘Buy Nigerian’ Movement to Boost Local E-Commerce and Manufacturing
Nigeria imported goods worth more than ₦60.5 trillion ($40 billion) in 2024, according to the National Bureau of Statistics, with…
African Startups Secure $187 Million in August 2025, Led by South Africa’s Mega Deal
Africa’s startup scene showed remarkable resilience in August 2025, attracting $187.6 million in fresh funding despite a slowdown in global…
Reps Panel Orders Finance Minister Wale Edun to Withdraw 2025 Budget Implementation Document
Nigeria’s House of Representatives Committee on Appropriation has issued a firm directive to Finance and Economy Minister Wale Edun to…
FG Scraps 5% Telecom Tax, Relief for Over 170 Million Subscribers
The Federal Government has officially removed the 5% excise duty on telecommunications services, a move expected to ease financial pressure…
CBN and SEC Approve Wema Bank’s ₦150bn Rights Issue, Pushing Capital Above Regulatory Threshold
Wema Bank Plc has received the green light from both the Central Bank of Nigeria (CBN) and the Securities and…
Guinness, CILEASING, LIVINGTRUST Lead 10% Surge as NGX All-Share Index Gains 0.21%
The Nigerian Exchange (NGX) closed higher on Wednesday, September 11, as the All-Share Index (ASI) climbed 300.49 points to settle…
European Stocks Mixed as U.K. Growth Stalls and Vestas Shares Slide on U.S. Offshore Wind Snub
European markets opened without clear direction on Friday as fresh data showed the U.K. economy stagnated in July. The pan-European…
Nigerian Equities Market Adds ₦191 Billion as Investor Confidence Strengthens
The Nigerian stock market extended its winning streak on Thursday as investors continued to show renewed confidence. The market gained…
Nigeria Achieves Record Drop in Crude Oil Losses to 9,600 Barrels per Day, Says NUPRC
Nigeria’s upstream oil sector has reached a historic milestone, slashing daily crude oil losses to just 9,600 barrels per day…
Generative AI Poised to Add $100 Billion to Africa’s Economy, McKinsey Report Reveals
Africa could unlock as much as $100 billion in additional annual economic value if it embraces generative artificial intelligence (Gen…
Ghana Stock Exchange Sees 87% Drop in August 2025 Trades Despite Yearly Gains
Trading activity on the Ghana Stock Exchange (GSE) plunged in August 2025, recording one of the steepest monthly declines in…
Ghana’s Cedi Expected to Stabilize Within 5% Depreciation, President Mahama Says
President John Dramani Mahama has projected that the Ghanaian cedi will maintain moderate depreciation in the coming months, remaining within…
Global Leaders Eye $800 Billion Gulf of Guinea Investment at UNGA Forum
Global business and diplomatic leaders are converging in New York this week as the 80th United Nations General Assembly kicks…
NNPC Calls on Global Investors to Unlock Nigeria’s Untapped Oil and Gas Potential
The Nigerian National Petroleum Company Limited (NNPC) has urged international investors to explore Nigeria’s vast energy sector, highlighting untapped opportunities…
NUPRC Approves $4.4 Billion Oilfield Decommissioning Plans, Secures $400 Million Ahead of Divestments
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved 94 Decommissioning and Abandonment (D&A) plans since April 2023, covering liabilities…
FG Restricts NNPCL Tax Credit Road Contracts Below N20 Billion to Nigerian Firms
The Federal Government of Nigeria has announced that all Nigerian National Petroleum Company Limited (NNPCL) Tax Credit road contracts valued…
Oil Prices Slip Amid U.S. Demand Concerns and OPEC+ Output Rise
Global oil prices eased on Thursday as traders weighed signs of weakening U.S. demand against mounting concerns about oversupply. Brent…
ITU Report: Achieving Global Internet Connectivity by 2030 Will Require $2.8 Trillion Investment
A new report from the International Telecommunications Union (ITU), the United Nations agency driving global digital development, warns that achieving…
OpenAI Signs $300 Billion Cloud Deal with Oracle, Marking One of the Largest in History
Oracle’s stock surged after trading hours as news broke of a potential landmark deal with OpenAI. According to the Wall…