The Federal Inland Revenue Service (FIRS) said it has stopped the issuance of tax exemption certificates to all categories of taxpayers, including pioneer status companies, non-governmental organisations (NGOs), and entities operating in free trade zones. In a public notice issued by FIRS, the tax authority said the decision is part of ongoing efforts to ensure…
Fintech sector alone attracted 45per cent of all funding (exc. exits) in first half (H1) of this year, netting in around $640million, according to a new report from Africa: The Big Deal. This is in line with what was seen last year (47per cent) but higher than in previous years. The report noted that if…
The Federal Government has formally unveiled YouthCred, a national credit scheme targeted at providing affordable consumer credit to 400,000 young Nigerians, including members of the National Youth Service Corps (NYSC). The initiative, which is managed by the Nigerian Consumer Credit Corporation (CREDICORP), began disbursing credit on a rolling basis and has already reached its 1,000th…
Nigeria stands to benefit significantly from a global leisure travel revolution that will see spending triple to $15 trillion by 2040, this is according to a new report by Boston Consulting Group (BCG). Titled: ‘Unpacking the $15 Trillion Opportunity in Leisure Travel’, the report said the country is uniquely positioned both as a source of…
Tech firm, MTN Nigeria, said it is committed to powering Africa’s innovators to create, scale and redefine industries with the products. Its Chief Enterprise Business Officer, Lynda Saint-Nwafor, said through MTN Cloud Accelerator program, it will keep powering the continent’s startup ecosystem which already brimming with innovation as the numbers show. Nigeria, Egypt, and Kenya…
As part of the conditions spelt out by the Nigerian Communications Commission (NCC) for approving a 50 per cent end user tariff adjustment of telecom services, Globacom has taken the lead by announcing ongoing network upgrade efforts aimed at enhancing the customer experience. The company disclosed that it has been working nonstop to guarantee that…
Persistent telecom infrastructure vandalism is undermining the over $1billion new investment in the sector, industry sources have lamented. This resurgent spate of wilful vandalism continued to be perpetrated in spite of President Bola Tinubu’s genuine efforts to address the menace. Recall the Federal Government, through the Nigerian Communications Commission (NCC) had earlier in the year…
By Zainab Olufemi The Towards Sustainable Clusters in Agribusiness through Learning in Entrepreneurship (2SCALE Programme), in partnership with the Embassy of the Kingdom of the Netherlands, has called for an inclusive agribusiness in the country. The group gave the advice during the formal conclusion its 13-year effort to transform Nigeria’s agricultural sector through inclusive agribusiness….
The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of petrol to N890 per litre in Abuja. The latest increase comes one week after the national oil firm dropped the commodity’s price to N895 – representing a N5 decrease. TheCable observed on Wednesday that the petrol pump price was reviewed downwards in…
