South African Govt. Targets Crypto Investors in Its Bid to Raise Extra Revenues
There are indications that South African authorities are looking into the possibility of getting the country’s tax agency to target…
World Bank to construct 13.16km Lagos farm roads
Lagos State Government says its World Bank-assisted Agro-Processing, Productivity Enhancement, Livelihood Improvement Support (APPEALS) Project will construct 13.16km Farm Access…
Remittance inflows to Nigeria declines by 28% in 2020 – World Bank
The World Bank says remittance inflows to Nigeria declined by 28 per cent in 2020 because of COVID-19 pandemic. The…
FG gets N392bn Tax from Companies in 3 Months
The Federal Government has received N392.77 billion as Company Income Tax (CIT) from breweries, telecommunications companies, and others in the…
Banks Set New $5000 Monthly Deposit Limits
Some banks have started setting new dollar deposit limits for domiciliary account holders in a move analysts say might be…
Paxful is Committed to Boosting Nigeria’s Crypto Market —Youssef
Leading global peer-to-peer fintech Paxful has restated its commitment to advancing Nigeria’s crypto market. The company is doing this through…
NDIC calls for collaboration to improve professionalism in banking
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has stressed the need for collaboration between regulators…
Nigeria generates N496b from VAT in Q1 2021
Nigeria generated a total of N496.4 billion from value-added tax (VAT) in the first quarter (Q1 2021). This is 9.2…
Ghanaian Government Says Crypto Transactions Are Illegal
The government of Ghana through Ghana’s Securities and Exchange Commission (SEC) had warned its citizens to avoid cryptocurrency transactions of…
Nigeria Stopping the Rejection of Old or Torn USD Notes Underlines Why Crypto Is a Better Reserve Currency
In early April 2021, the Central Bank of Nigeria (CBN) issued a circular warning Nigerian institutions to stop the practice…