"VAT on Banking Services Isn't New, Confirms Nigeria Revenue Service"
The Nigeria Revenue Service, NRS, has clarified that the Value Added Tax, VAT, applied to banking services is not a new development and has no connection to any...
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Nigerian Finance Minister Hints at Possible Interest Rate Cut as Inflation Declines
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has indicated that the Nigerian government could consider cutting interest rates if inf...
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Naira Falls Against the US Dollar: What You Need to Know
The naira depreciated against the dollar at the official foreign exchange market on Wednesday. The Central Bank of Nigeria’s data showed that the Naira weakened...
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"Moniepoint and Other Nigerian Banks to Implement 7.5% VAT on Transfers and USSD Transactions"
Moniepoint and several other Nigerian banks have informed their customers of a new 7.5 percent Value Added Tax (VAT) to be applied to bank transfers and Unstruc...
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Tax Alert: NRS Chief Adedeji Warns Income Earners About January Salary Changes!
The Executive Chairman of the Nigeria Revenue Service, Dr. Zacch Adedeji, has asked lower-cadre income earners to look out for their January salary to spot the...
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FG Clarifies: No N500,000 Limit on ATM Payments in Nigeria, Says CBN
The Federal Government has clarified that there is no N500,000 limit on N500,000 card payments in Nigeria. Special Assistant to the President on Social Media, D...
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AEDC Explains the Cause Behind Abuja's Power Outage
The Abuja Electricity Distribution Company, AEDC, has blamed technical fault for the power outage in parts of Abuja. The disco disclosed this in a notice on Mon...
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Nigerian Fuel Retailers Slash Prices Below Dangote's Rates!
The price war in the country’s oil downstream sector took another dimension as petrol retailers reduced their fuel price below Dangote Refinery’s fixed rate of...
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Five Nigerian Companies Drive NGX to Record Single-Day Surge of N953 Billion
The Nigerian Exchange Limited (NGX) recorded its largest single-day increase in market capitalization on Friday, January 9, 2026, after gains in five major stoc...
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"2026 Nigerian Banks Recapitalization: Is Your Bank Ready for the Challenge?"
The countdown to March 31, 2026, has officially entered its final stretch. While you might have seen headlines claiming only 19 banks have met the mark, the rea...
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Nigerian Government Stands Firm on Tax Laws, Blames KPMG for Mistakes and Misinterpretations
The Presidential Fiscal Policy and Tax Reforms Committee has responded to a recent publication by KPMG on Nigeria’s newly enacted tax laws. Recall that or conce...
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Naira Hits Record Low Against the US Dollar
The Naira recorded the highest depreciation against the United States dollar at the official foreign exchange on Friday to end the week on a negative note. Cent...
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