The House of Representatives in Nigeria has approved President Bola Ahmed Tinubu’s tax reform bills following months of heated debate. Sunday Dare, the presidential spokesperson and Special Adviser on Media and Public Communications, announced the approval in a statement via his official X account on Thursday. While he did not provide specific details, Dare confirmed…
The Federal Nigeria Society for the Blind (FNSB) has praised First City Monument Bank (FCMB) for its unwavering support of the visually impaired community in Nigeria. Through financial contributions and the provision of essential resources, FCMB has bolstered programs at FNSB, Pacelli School for the Blind, Bethesda Home for the Blind, and Farmcraft Centre for…
The Nigerian stock market maintained its downward trajectory on Wednesday, with key performance indicators declining by 0.44 percent. The market capitalization of the Nigerian Exchange Ltd. (NGX) fell by N289 billion, or 0.44 percent, dropping from N66.942 trillion on Tuesday to N66.653 trillion. Additionally, the All-Share Index decreased by 468 points, closing at 106,436.48, down…
Paul Alaje, a financial analyst and Chief Economist at SPM Professionals, has indicated that the price of Premium Motor Spirit (petrol) could decrease to between N650 and N800 per litre if the ongoing price competition between Dangote Refinery and the Nigerian National Petroleum Company Limited (NNPCL) persists. In an interview with Channels Television on Tuesday,…
The Petroleum Retailers Outlets Owners Association (PETROAN) has praised the Nigerian National Petroleum Company Limited (NNPCL) for its recent reduction in petrol prices. This announcement was made by PETROAN spokesperson Joseph Obele on Monday. NNPCL has lowered its retail price from N965 per litre to N880 in the Federal Capital Territory, Abuja. In response, PETROAN’s…
The Central Bank of Nigeria (CBN) has officially introduced new Automated Teller Machine (ATM) withdrawal fees for Nigerians, effective Saturday, March 1, 2025, as reported by DAILY POST. This change follows the CBN’s announcement on February 11, 2025, stating that a fee of N100 will be charged for ATM withdrawals, with an additional N450 fee…
The Federal Competition and Consumer Protection Commission (FCCPC) has instructed MultiChoice Nigeria to maintain its current subscription rates while investigations are ongoing. It was previously reported that the Pay-TV provider planned to implement a 21% increase in subscription fees for its DStv and GOtv packages, set to take effect on March 1, 2025. In response…
By Ajibola Olarinoye Is Exness a Legitimate Broker? When searching for a forex trading broker, every trader faces the important question of legal compliance. It’s essential to ensure that the broker adheres to the regulations applicable in your jurisdiction. Exness stands out as one of the few brokers that fulfill the legal requirements necessary…
The Arewa Consultative Forum (ACF) has presented a report to the National Assembly, detailing its perspectives and suggestions regarding the Tax Reform Bills. This report was prepared by a specialized committee of experts. In a statement released yesterday by its National Publicity Secretary, Tukur Muhammad-Baba, the ACF emphasized that “the proposed tax reforms will have…
Access Bank, one of Nigeria’s top commercial banks, has informed customers that they can now resume online transactions, withdraw cash from Automated Teller Machines (ATMs), and make Point of Sale (POS) payments using their ATM cards, following a service disruption that occurred on Sunday. The bank released this update in a statement after experiencing several…
