Nigeria’s new tax reform law has been officially signed and will take effect from the 2026 fiscal year. The new law introduces several changes aimed at improving compliance, easing the …
Finance
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BusinessEconomyFinanceGovernment PolicyLawNigeriaPublic ServicesRegulationTaxation
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DevelopmentEconomyFinanceGlobal NewsIMF ProgrammeInternational RelationsNigeriaPolicies
IMF to Release New World Economic Outlook and Global Financial Stability Reports Today
The International Monetary Fund (IMF) will today, Tuesday, October 14, 2025, unveil its latest World Economic Outlook (WEO) report in Washington, D.C., during a hybrid press briefing as part of …
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BankingCapital MarketCorporate AffairsEconomyFinanceNigeriaRegulation
Big Banks in Nigeria Spend ₦442 Billion on AMCON Charges as Profits Fall
by Radarr Adminby Radarr AdminNigeria’s biggest commercial banks have spent a total of ₦442 billion on the Asset Management Corporation of Nigeria (AMCON) levy in the first half of 2025, representing a 34 percent …
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BusinessCommoditiesEconomyFinanceINVESTMENTMiningSouth Africa
South African Rand Falls as Investors Await Key Economic Data
The South African rand weakened in early trading on Tuesday as investors awaited the release of key domestic economic indicators that could provide fresh insight into the country’s financial outlook. …
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AfricaCryptocurrencyEconomyFinanceInnovationINVESTMENTLawTechnology
Kenya Passes Landmark Bill to Regulate Cryptocurrencies and Digital Assets
Kenyan lawmakers have approved a new bill to regulate digital assets such as cryptocurrencies, marking a major step towards providing legal clarity for the country’s growing financial technology sector. The …
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Debt Management,EconomyFinanceGOVERNMENTInternationalINVESTMENTWestern Africa
Senegal’s Bonds Drop as Moody’s Downgrades Credit Rating Over Debt Concerns
Senegal’s international bonds fell sharply on Monday after Moody’s Investors Service downgraded the West African nation’s credit rating, warning that it was becoming less certain the country would be able …
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BusinessCorporate AffairsFinanceInsuranceTechnology
Capital Express Life Assurance Grows Revenue by 32%, Strengthens Capital Base
Capital Express Life Assurance Limited has reported a 32.11 per cent increase in its insurance revenue, rising to N7.2 billion at the end of 2024 from N5.45 billion in the …
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BusinessEconomyFinanceMergers & AcquisitionsNews
Stanbic IBTC Leads Financial Arrangement for UAC’s Acquisition of CHI Limited
Stanbic IBTC Holdings Plc has played a major role in the acquisition of CHI Limited by UAC of Nigeria Plc, acting as the mandated lead arranger and delivering a full …
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AfricaFinanceInnovationINVESTMENTStartupsTechnology
African Startups Near 2024 Record with $2.2bn Raised So Far in 2025
African startups are on track to surpass their total fundraising record from last year, having already secured more than $2.2 billion in 2025, excluding exits. This was revealed in the …
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DevelopmentEconomyFinancePensionRegulation
PenCom Says Recapitalisation Will Strengthen Pension Industry
The National Pension Commission (PenCom) has said its ongoing recapitalisation requirement for licensed pension fund operators is a strategic move to strengthen the financial base of the industry and safeguard …