Dave Ibemere
5448 articles published since 20 Sep 2021
5448 articles published since 20 Sep 2021
Nigeria’s new tax laws take effect and a detail analysis on how the changes affects everyone including exemption for low-income earners, and ensuring transparency.
The Nigerian Exchange ended the week higher as Financial Services and ICT stocks led gains, with 7.821 billion shares traded and positive market breadth.
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.
Dave Ibemere
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