Dave Ibemere
5071 articles published since 20 Sep 2021
5071 articles published since 20 Sep 2021
Nigeria’s new tax law has now taken effect, imposing fines, interest, and imprisonment on individuals, companies, and statutory bodies for non-compliance.
The naira gained on the forex market, supported by rising external reserves, improved FX liquidity, and Nigeria exiting Africa’s worst-performing currencies list.
Nigeria’s new tax framework, effective January 2026, clearly defines obligations for citizens, businesses, self-employed, asset owners, and foreign companies.
US intervention in Venezuela may increase global oil supply, lowering prices, prompting economist Kalu Aja to warn Nigeria to diversify revenue now.
Nigeria’s equities market opened 2026 higher, lifting the NGX index and pushing market capitalisation close to N100 trillion as investors extended.
Private depot owners raised petrol prices to N800 per litre after Dangote Refinery shut its petrol unit for maintenance, prompting market repositioning for 2026.
MultiChoice and Warner Bros. Discovery reached a last-minute deal to keep 12 channels, including CNN and Cartoon Network, on DStv amid rising subscriber losses.
Nigerian banks announced that weekly cash withdrawals will have limits, with fees for excess amounts, ATM caps, and encouragement to use digital channels.
Tony Elumelu is set to grow richer after Heirs Energies acquired a $496 million stake in Seplat Energy, making him the company’s largest shareholder.
Dave Ibemere
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