Pascal Oparada
6347 articles published since 29 Nov 2021
6347 articles published since 29 Nov 2021
Nigeria's banks face a March 2026 recapitalisation deadline. Top performers like Access and Zenith exceed targets, while others risk mergers or exits if they fail.
In 2025, Lagos accounted for 52% of Nigeria's VAT, reinforcing its economic dominance, while new tax reforms threaten future revenues amid regional disparities.
Nigeria's external reserves rose by $66m to $46.11bn in January, boosted by strong Brent crude prices and a near two-year high naira, showing improved confidence.
Nigerians face urgent tax compliance warnings as less than 5% file annual returns. Government stresses filing obligations to avoid penalties and audits.
Zenith Bank nears N3 trillion market capitalisation amid rising investor confidence as analysts assess its ability to maintain dividends against CBN's new rules.
First Bank Holdings Plc tackles bad loans with a N748 billion write-off. Chairman Femi Otedola highlights a 92% profit drop as essential for long-term stability.
The CBN's revised exchange rate aids importers as the naira appreciates against the dollar, ending January strong at N1,386, bolstered by rising external reserves.
The naira strengthens against the dollar, reaching N1,386.55, reflecting improved FX stability and optimism for 2026 amid rising foreign investments and oil inflows.
Canada's 2026 labour market faces skills shortages as high-demand professions shape immigration policies. Nigeria's investments drive demand for skilled workers.
Pascal Oparada
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