Nigeria’s fast-growing digital economy is facing a major threat from a deepening shortage of skilled technology professionals, with industry experts warning that as much as $11 billion in annual sector …
Category:
Business Policies
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The Federal Government has directed banks and fintech companies to begin collecting and remitting 7.5 per cent Value Added Tax (VAT) on selected electronic banking service fees, effective Monday, January …
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Flutterwave Inc. has acquired open-banking startup Mono Technologies Nigeria Ltd. in a move aimed at boosting earnings, deepening its payments infrastructure and strengthening its prospects for a future initial public …
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Nigeria has signed a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE), a move the Federal Government has described as a major boost to trade relations and …
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Business PoliciesCBNUncategorized
CBN Recapitalisation Drive Nears Deadline as More Banks Meet 2026 Capital Threshold
With the March 31, 2026 deadline drawing closer, Nigeria’s banking sector is witnessing accelerated activity as lenders race to comply with the Central Bank of Nigeria’s (CBN) recapitalisation requirements. Contrary …
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Chairman of the Alliance for Economic Research and Ethics (AERE), Dele Oye, has warned that key provisions of the Nigeria Tax Act 2025 may pose serious challenges to its effective …
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Banking, Finance & InvestmentBusiness PoliciesCorporate GovernanceDevelopmentEconomic DevelopmentEducationEntrepreneurshipInnovationTechnologyUncategorized
Jim Ovia: The Godfather of Nigerian Banking
In the course of the findings on Nigeria’s most influential business leaders, one name consistently stands out: Jim Ovia. Widely referred to as the “Godfather of Banking”, Jim Ovia is …
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BankingBusiness PoliciesCapital MarketEconomyNigeriaPensionRegulation
PenCom Bars Pension Fund Administrators from Investing in Banks’ AT1 Capital Instruments
The National Pension Commission (PenCom) has issued a strong warning to Pension Fund Administrators (PFAs) against investing workers’ retirement savings in the Additional Tier-1 (AT1) capital instruments of Deposit Money …
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BusinessBusiness PoliciesLegal AffairsMobile AppsNewsSouth AfricaTechnology
Truecaller Under Investigation in South Africa Over Privacy Law Breach Complaints
The Information Regulator of South Africa has confirmed that it is investigating mobile app Truecaller after several companies and individuals complained that the service violated the country’s Protection of Personal …
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AviationBusinessBusiness PoliciesEconomyGovernanceInfrastructurePoliciesPublic Sector
N712bn MMIA Renovation Plan Sparks Debate as FAAN
The Federal Government’s decision to approve a whopping N712 billion for the renovation of the old Terminal 1 of the Murtala Muhammed International Airport (MMIA) in Lagos has sparked widespread …