Abu Dhabi and Dubai have emerged the top two positions globally for their investor-friendly tax regimes, legal stability, and strong governance. According to a report titled: Wealth Report 2025: The Taxed Generation, released Tuesday by Multipolitan, a Singapore-headquartered international mobility platform, Singapore secured third place, reinforcing its position as a trusted hub for globally mobile…
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…
Dangote Petroleum Refinery and Petrochemicals has withdrawn its lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPCL), and five other petroleum companies. The case, filed at the Federal High Court Abuja, was formally withdrawn by the plaintiff’s legal team. According to a notice of discontinuance filed…
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…
By Aliyu Gaya One exceptionally commendable fact about the Bola Tinubu presidency is that it is not lacking in ambition and audacity. Courage defines the leader and Tinubu has it in good measure. Think about this: Tinubu wants to grow Nigeria’s net worth to a $1 trillion economy by 2030. While this shows ambition, it…
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…
