Kenyan businesses could soon be allowed to use their pending Value Added Tax (VAT) refunds to pay off other tax obligations if a proposal presented to President William Ruto is …
Finance
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BusinessEconomyFinanceGovernment PolicyTaxationTrade and Commerce
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BankingCorporate AffairsEconomic PolicyFinanceGovernanceGOVERNMENTRegulation
NDIC Pays ₦54.62bn to Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that it has paid ₦54.62 billion to 691,418 depositors of the now-defunct Heritage Bank. The Corporation also announced a liquidation dividend of …
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BusinessCorporate EarningsEconomyFinanceHealthcareInsurance
AXA Mansard Grows Half-Year 2025 Insurance Revenue by 24%, Hits ₦81.15bn
AXA Mansard Insurance Plc, a member of the global AXA Group, has reported a 24 per cent increase in its insurance revenue for the half-year ended June 30, 2025. The …
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Debt Management,EconomyFinanceInfrastructureINVESTMENTOil & GasPublic Services
NUPRC Says 220 Unlicensed Oil Blocks Awaiting Bidders
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that 220 oil blocks across Nigeria are not abandoned but are waiting for new concessionaires to take over through proper licensing …
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BusinessCorporate NewsEconomyFinanceInfrastructureNigeria
Julius Berger Nigeria Grows Revenue to N343.4bn in H1 2025
Construction giant Julius Berger Nigeria Plc has reported a revenue of N343.4 billion for the first half of 2025, showing a 41 per cent rise compared to the N243.8 billion …
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FinanceManufacturingManufacturing & Consumer GoodsMarketsNigeriaRegional Cooperation
Cadbury Nigeria Returns to Profit with N10.2bn in H1 2025 After Previous Loss
Cadbury Nigeria Plc has bounced back to profitability, posting a profit of N10.2 billion for the first half of 2025, a strong reversal from the N9.7 billion loss it recorded …
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BankingFinanceMobile PaymentsRegional EconomyTechnologyWestern Africa
Instant Transfers Power Togo’s Regional Payment Drive
In a move to improve financial services and promote seamless digital payments, seven commercial banks in Togo have now joined the Interoperable Platform for Instant Payment Systems (PI-SPI), which was …
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AfricaCentral AfricaEconomyFinanceINVESTMENTPublic Debt
Cameroon’s Soaring Debt Triggers Fresh Financing Push
Cameroon’s domestic public debt has now reached CFA3,814.4 billion, excluding arrears and floating debt, according to a new report released by the Autonomous Sinking Fund (CAA). This figure, which equals …
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BusinessEconomyFinanceInternationalINVESTMENTMarkets
DeVere CEO Urges Investor Diversification Amid Uncertainty
In a strong warning to investors, the Chief Executive Officer of deVere Group, Mr Nigel Green, has advised global investors, especially those heavily invested in the United States, to urgently …
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EconomyFinanceGOVERNMENTInternational AffairsINVESTMENTMining
Zambia Extends IMF Loan to Lift Investor Confidence
The Zambian government has officially extended the International Monetary Fund (IMF) Extended Credit Facility (ECF) programme by one more year. This move is part of ongoing efforts to strengthen the …