Finance
National Assembly Proposes Increase in VAT to 10% by 2025, 12.5% from 2026
The Nigerian National Assembly is considering a bill to increase the Value-Added Tax (VAT) from 7.5 per cent to 10 per cent by...
Court Orders CBN to Pay Kasmal Services N579bn Over Unpaid Stamp Duty Commission
A Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to pay Kasmal International Services N579.1 billion. The sum...
Courts Rejects Bail for Detained Binance Executive, Says Nigeria Can Handle His Health
Tigran Gambaryan, Binance’s head of financial compliance, has been denied bail for the second time as he faces money laundering charges in Nigeria....
Nigerian Govt. Demands Arrest of Dana Air MD Over Failure to Appear in Court in N1.3 Billion Fraud Case
The Nigerian government has called for the arrest of Hathiramani Ranesh, Managing Director of Dana Air, over his failure to appear in court...
Federal High Court Dismisses MAN’s Case Against Electricity Tariff Hike for Band A
A Federal High Court in Lagos has dismissed a lawsuit by the Manufacturers Association of Nigeria (MAN) over the electricity tariff hike for...
Ruling on Binance Executive’s Bail Application Postponed due to Judge’s Absence
The ruling on the bail application of Tigran Gambaryan, a detained executive of Binance Holdings Limited, was postponed on Wednesday due to the...
Kenya Slashes Interest Rate to 12% as Inflation Eases
Kenya’s Central Bank has slashed its benchmark interest rate by 75 basis points to 12 per cent. This decision was made at a...
Mali Seeks Over 300 Billion CFA from Barrick Gold, Tightens Mining Regulations
Mali’s junta is demanding at least 300 billion CFA from Barrick Gold, the world’s second-largest gold producer. This demand is reportedly part of...
BudgIT Accuses National Assembly Of Inserting N45.36 Billion To Federal College’s 2024 Budget
BudgIT Nigeria has revealed that the National Assembly (NASS) added 182 projects worth N45.36 billion to the 2024 Federal Co-operative College, Ibadan, which...
Zimbabwe Starts $20 Million Payout to Farmers Affected by Mugabe-led Land Invasions in the 2000s
Zimbabwe will pay an initial $20 million this month to farmers whose land was seized during the country’s controversial land reform program in...
Ghana Restructures Over 90 Percent Of External Debt, Says Finance Minister
Ghana has successfully restructured more than 90 per cent of its external debt since the debt restructuring process began in December 2022, according...
Nigeria’s Central Bank Issues New FX Code, Mandates Compliance for Banks and BDCs
Central Bank of Nigeria (CBN) has issued a new Foreign Exchange (FX) code as guidelines mandating compliance for commercial banks and Bureau De...