Federal government has opened applications for its N50,000 Conditional Grant Scheme, giving eligible nano and micro businesses funding to expand operations.
Federal government has opened applications for its N50,000 Conditional Grant Scheme, giving eligible nano and micro businesses funding to expand operations.
Nigeria’s tax reform will use digital banking data, making accurate transfer narrations crucial to avoid overpayment, audits, penalties, and confusion nationwide.
Starting January 1, 2026, Nigerian banks will charge a N50 stamp duty on electronic transfers of N10,000 and above, excluding salaries and intra-bank transfers.
The Nigerian Exchange (NGX) rose 0.42% on Tuesday, with bargain-hunting lifting the All-Share Index, market capitalisation, and driving gains across major stocks.
The Central Bank of Nigeria has shared its expectation for 2025 and expects the Nigeria’s economy to grow 4.49% in 2026, with inflation easing to 12.94%.
The naira opened the last week of 2025 stronger, gaining against the dollar, pound, and euro, supported by CBN interventions and Minister Wale Edun’s assurances.
Starting January 1, Nigerians transferring above N10,000 will pay an additional N75 government stamp duty on electronic transfers, adding to existing bank fees.
The Central Bank of Nigeria has revised cash withdrawal and deposit policies, setting weekly limits, removing deposit fees, and regulating ATM, POS.
Nigeria’s new tax law from January 2026 cuts income taxes for millions, exempts low earners, taxes only income not gifts, and strengthens enforcement and compliance.
The Nigerian stock market closed bullish on Christmas Eve as the All-Share Index rose, adding N228.37 billion to investors’ wealth and lifting market capitalisation.
Money
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