.jpeg)
Showing posts with the label FinanceShow all
FG, States, and LGAs Share ₦1.969 Trillion FAAC Revenue
Nigeria’s three tiers of government shared ₦1.969 trillion in FAAC revenue for December 2025, marking a steady rise. The Federation Account Allocation Committe…
Read more about FG, States, and LGAs Share ₦1.969 Trillion FAAC Revenue
Apple iPhone Sales Hit Record High in Strong Q1 Results
Apple records its best-ever iPhone quarter as strong demand in China and India drives global sales growth. Apple has reported a strong first quarter, led by r…
Read more about Apple iPhone Sales Hit Record High in Strong Q1 Results.jpeg)
Uzoma Dozie Explains Why He Sold Diamond Bank for Sparkle
Uzoma Dozie shares why he exited Diamond Bank to build Sparkle, a tech-first platform reshaping Nigeria’s banking future. Uzoma Dozie, Nigerian banker and tech…
Read more about Uzoma Dozie Explains Why He Sold Diamond Bank for Sparkle
Nigerian Stock Market Rebounds, Investors Gain N74bn
Nigerian stock market rebounds as investors gain N74bn, supported by selective buying despite more decliners. The Nigerian stock market recovered on Friday, re…
Read more about Nigerian Stock Market Rebounds, Investors Gain N74bn
Sequoia Capital Joins Major Funding Round for Anthropic
Sequoia Capital is backing Anthropic in a major AI deal, marking a rare move that places it across competing artificial intelligence firms. Sequoia Capital is …
Read more about Sequoia Capital Joins Major Funding Round for Anthropic
Global Billionaires Hit Record 3,000 in 2025 — Oxfam
Global billionaires have reached a record 3,000 in 2025, highlighting widening inequality and growing influence over politics and economies. The number of bill…
Read more about Global Billionaires Hit Record 3,000 in 2025 — Oxfam
Nigerian Banks That Have Scaled the New CBN Recapitalisation Hurdle
In March 2024, the Central Bank of Nigeria (CBN) introduced new minimum capital requirements, giving banks until March 31, 2026, to meet the target. The move …
Read more about Nigerian Banks That Have Scaled the New CBN Recapitalisation Hurdle.jpeg)
New 7.5% Value-added tax on POS and Bank Fees in Nigeria
If you use mobile apps or POS terminals for your business and personal deals, there is a fresh update you need to know. Starting Monday, January 19, 2026, Nig…
Read more about New 7.5% Value-added tax on POS and Bank Fees in Nigeria.jpeg)
KPMG Criticize the Presidential Committee 2026 Tax Reforms
Professional services firm KPMG has publicly criticized the 2026 tax reforms, raising concerns over potential inconsistencies and economic risks in the newly e…
Read more about KPMG Criticize the Presidential Committee 2026 Tax Reforms
Andreessen Horowitz Raises $15bn, Cements Status as One of World’s Largest Venture Firms
US venture capital giant Andreessen Horowitz has raised more than $15 billion in fresh funding, taking its assets under management to over $90 billion and plac…
Read more about Andreessen Horowitz Raises $15bn, Cements Status as One of World’s Largest Venture Firms
New VAT Formula to Give Nigerian States N5.07tn in 2026
A new VAT sharing formula will see Nigeria's 36 states receive an estimated N5.07 trillion from the tax pool in 2026. A profound shift in Nigeria's fis…
Read more about New VAT Formula to Give Nigerian States N5.07tn in 2026.jpeg)
Nigeria Bank Closes 229 Physical Locations in One Year
A major shift hits the Nigeria Bank sector as 229 branches close, while POS transactions skyrocket by over 100%. The landscape of the Nigeria Bank industry is …
Read more about Nigeria Bank Closes 229 Physical Locations in One Year
European Banks Face Major Job Cuts as AI Drives Efficiency Push
European banks may lose 200,000 jobs by 2030 as AI reshapes operations and forces a major efficiency drive. AI Set to Reshape Europe’s Banking Workforce Europe…
Read more about European Banks Face Major Job Cuts as AI Drives Efficiency Push.jpeg)
Tinubu Confirms the New Tax Laws Will Commence January 1 as Scheduled
President Bola Tinubu has officially cleared the air on the implementation of Nigeria’s new tax laws, confirming that the remaining acts will take effect as sc…
Read more about Tinubu Confirms the New Tax Laws Will Commence January 1 as Scheduled.jpeg)
NIN to Serve as Tax ID for Nigerians Starting January 2026
The Federal Inland Revenue Service (FIRS) is moving to simplify how Nigerians handle their taxes. Starting January 2026, individuals will no longer need to app…
Read more about NIN to Serve as Tax ID for Nigerians Starting January 2026.png)
What is the New Tax Law in Nigeria? Detail Explanation of the Nigeria Tax Act 2025
Summary Lead Nigeria has entered a new tax era with the most comprehensive reform of its tax system in decades. In June 2025, President Bola Ahmed Tinubu signe…
Read more about What is the New Tax Law in Nigeria? Detail Explanation of the Nigeria Tax Act 2025.png)
Nigeria’s 2025 Tax Law: New Rules, Winners and Losers
Nigeria’s new tax law for 2025 is a sweeping overhaul that cuts tax for low‑income earners and small businesses, but tightens the net on big earners, digital …
Read more about Nigeria’s 2025 Tax Law: New Rules, Winners and Losers
U.S. Mint Ends Penny Production After 232 Years
After 232 years of minting, the United States has produced its final penny to cut production costs and save taxpayer money. After more than two centuries in ci…
Read more about U.S. Mint Ends Penny Production After 232 Years.jpeg)
Apple Hits $4 Trillion Market Value Milestone
Apple joins Microsoft and Nvidia in the $4 Trillion Dollar Milestone Apple has officially crossed another historic mark, becoming one of the few public compan…
Read more about Apple Hits $4 Trillion Market Value Milestone
How Payeer and Airtm has become Fastest Money Transfer for Freelancers in Nigeria
For many freelancers in Nigeria, waiting days and sometimes weeks to receive payment from clients abroad can be a major headache. Delays not only disrupt per…
Read more about How Payeer and Airtm has become Fastest Money Transfer for Freelancers in Nigeria
.jpeg)
