Business
Economy Market Trending

Nigeria’s VAT Revenue Climbs 9% in Q2 2024, Hits ₦1.56 Trillion

The Federal Government’s revenue from Value Added Tax (VAT) hit a new high in the second quarter of 2024, reaching ₦1.56 trillion. This represents a 9% increase from the ₦1.43 trillion recorded in the first quarter, marking a significant rise in VAT contributions across various sectors of the economy. According to the National Bureau of […]

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Fintech News Trending

NANS Calls for Immediate Reversal of N50 Fintech Transfer Levy as September 9 Deadline Hits

The National Association of Nigerian Students (NANS) has raised its voice against the newly introduced N50 Electronic Money Transfer Levy (EMTL), which is set to take effect from September 9, 2024. This levy mandates a deduction of N50 for every electronic transfer of N10,000 and above through fintech platforms like OPay and Moniepoint. In a […]

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Business Fintech

FIRS Extends EMTL to Fintechs: Moniepoint, OPay Set to Deduct N50 on Inflows Over N10,000 from September 9th, 2024

The fintech revolution in Nigeria has long promised customers a seamless, low-cost banking experience. From quick money transfers to free deposits, these platforms—Moniepoint, OPay, PalmPay, and others—have enjoyed widespread popularity. But come September 9, 2024, things will change for users of these services.  It’s a regular Saturday morning, and Moniepoint’s customers receive a notification on […]

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Business News

Oando Addresses False Claims About NNPC Petrol Stations and CEO Adewale Tinubu

It was June 2016 when the story of Oando PLC’s exit from its downstream business began. At the time, the Nigerian oil giant was making strategic moves, driven by a desire to focus on upstream operations, leaving behind its footprint in the fuel retail space. Oando sold 60% of its shares in Oando Marketing Limited […]

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News Politics

Breaking: Ajuri Ngelale Resigns as Tinubu’s Spokesperson Due to Family Health Emergency

In an unexpected turn of events, Ajuri Ngelale, the Special Adviser to President Bola Tinubu on Media & Publicity, has decided to step down from his role. His reason? Family comes first. In a statement shared on his Facebook page, Ngelale revealed that he’s taking an indefinite leave of absence to focus on some serious […]

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Market Partnerships

Elon Musk’s Starlink Enters Zimbabwe Market: Affordable Satellite Internet at $350

Starlink, the satellite internet company owned by Elon Musk, has officially launched in Zimbabwe, expanding its footprint in Africa. This launch follows three months after securing an operating license from the Zimbabwean government. Starlink’s services will be offered through a government-approved local partner, IMC Communications, further enhancing internet connectivity in the country. Understanding the Pricing […]

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Economy Energy

Nigeria’s First Floating LNG Plant Set for Construction

Nigeria is taking a major step towards expanding its natural gas sector. UTM Offshore Ltd. has been granted a license to build the nation’s first-ever floating liquefied natural gas (LNG) facility, which is expected to produce 2.8 million metric tons per year.  The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) issued the license, marking […]

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News Partnerships Popular

TikTok Strengthens Safety Measures in Africa Amid Growing Popularity

TikTok is taking significant steps to enhance the safety of its rapidly expanding African user base. The platform, owned by ByteDance, recently launched its first-ever Safety Advisory Council in Africa, a move aimed at tackling challenges like misinformation and protecting younger users from online harm. Africa, home to a tech-savvy and increasingly connected youth population, […]

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Pictured from left: Dr. Sunday Mukoro, Managing Director of Coscharis Technologies Limited, and Mr. Olugbenga Adewale, Enterprise Sales Director for Central Africa at Vertiv, during the signing ceremony for a new distribution partnership between Vertiv and Coscharis Technologies in Lagos.
Business News Economy Partnerships

Vertiv Partners with Coscharis Technologies to Enhance IT Infrastructure in Nigeria and Ghana

In a strategic move to strengthen IT infrastructure and digital solutions in West Africa, Vertiv, a global leader in critical digital infrastructure and continuity solutions, has partnered with Coscharis Technologies. This collaboration aims to expand Vertiv’s presence in Nigeria and Ghana, enabling customers to access advanced IT infrastructure solutions that cater to businesses of all […]

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Image: Mitesh Popat
Fintech

Mitesh Popat’s Appointment as CFO Signals a New Era for Flutterwave

Flutterwave, a leading payments technology company in Africa, has recently welcomed Mitesh Popat as its new Chief Financial Officer. Popat’s appointment marks a pivotal moment for the company, bringing with him two decades of extensive experience in global financial services that spans North America, Europe, the Middle East, and Africa. His deep expertise and track […]

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