Lawmakers summon FIRS over tax evasion by oil companies
by The House of Representatives Ad hoc Committee Investigating the Structure and Accountability of Joint Venture (JV) Business and Production Sharing Contracts (PSCS) of Nigerian National …
Category: Business
China tightens lending taps, leaving African markets vulnerable
Developing countries in Africa are losing a champion that for years allowed them to borrow at cheaper rates than they could find in capital markets. …
SON raises alarm over closure of indigenous firms
The Standards Organization of Nigeria (SON) has expressed concern about the growing number of indigenous businesses closing down in Kwara state. Mr Ayeni Feyisayo, state …
Nigerian fintech Duplo snaps $4.3M to make payments seamless for African businesses
Sub-Saharan Africa has a $1.5T B2B payments market, and in this market, manual invoices and ineffective processes are frequently used by merchants, burdening them and …
eNaira: CBN, Fintech Foundry to support 10 startups
The Africa Fintech Foundry (AFF) says it is collaborating with the Central Bank of Nigeria (CBN) to support 10 startups, to increase the adoption of …
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle — And How To Find Them
You’ve most likely heard sayings like the Jim Rohn quote, “You’re the average of the five people you spend the most time with.” Those in …
African Development Bank and African Guarantee Fund sign $110 million agreement with Tanzania’s CRDB Bank to boost access to finance by women’s SMEs
The African Development Bank today signed a $60 million financial package comprising $50 million subordinated debt to support CRDB Bank’s regional expansion efforts and a …
Nigeria’s economy to shrink further as petrol subsidy exceeds revenues from oil sales
by The inability of Nigeria to take advantage of rising international oil prices due to massive oil theft, skyrocketing petrol subsidy which remains a drain on …
Stanbic IBTC Pension Managers pays N1trn to retirees
Stanbic IBTC Pension Managers said it has paid N1trillion to more than 69,000 retirees since inception. This was disclosed during the 2022 Employers’ Forum organised …