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Business
The Federal Inland Revenue Service (FIRS) has ordered financial institutions and relevant stakeholders to deduct tax at source from interest payments on short-term securities. The new directive is in line with provisions of the Companies Income Tax Act (CITA) and the Withholding Tax Regulations, 2024. In a circular signed by its Executive Chairman, Zacch Adedeji, ...
Business
A policy think-thank, Independent Media and Policy Initiative (IMPI) has predicted that Nigeria’s headline inflation will decline to 17 per cent by December. Recall that Nigeria's headline inflation rate eased for the fifth consecutive month, dropping to 20.12 per cent in August 2025 from 21.88 per cent recorded in July 2025 according to the latest figures released ...
Business Direct
…predicts MPC rate cuts The Independent Media and Policy Initiative (IMPI), a Nigerian policy think-tank, has projected that Nigeria’s headline inflation will fall to 17 per cent by December. The IMPI Chairman, Dr Omoniyi Akinsiju, in a statment on Wednesday, said the projection would be recorded, following consecutive declines that brought the figure down to ...
Business
The Federal Inland Revenue Service (FIRS) has directed all financial institutions and relevant stakeholders to deduct tax at source from interest payments on short-term securities, in line with provisions of the Companies Income Tax Act (CITA) and the Withholding Tax Regulations, 2024. In a circular signed by its Executive Chairman, Zacch Adedeji, the Service said ...
Maritime and Blue Economy
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has urged the Maritime Academy of Nigeria (MAN), Oron, to remain steadfast in producing globally competitive professionals for the maritime industry. Oyetola, represented by the Deputy Director of Research, Planning and Statistics in the ministry, Mr Joshua Ayebameru, gave the charge during the academy’s third-quarter citizens’ ...
News
First Bank of Nigeria Limited has been unveiled as the official bank partner for the 9th edition of the Calabar Entertainment Conference (CEC), a flagship youth engagement platform for Nigeria’s creative sector. The announcement was made by Hit FM, organizers of the annual conference, which will take place on October 17 and 18 at Hogis ...
Maritime and Blue Economy
The Nigerian Shippers’ Council (NSC) has organised a Performance Management System (PMS) workshop for its Directors, Deputy Directors, and Heads of Units, reaffirming its commitment to enhancing institutional efficiency in line with the policy thrust of the Federal Ministry of Marine and Blue Economy. The initiative follows the recent signing of a Performance Bond between ...
Maritime and Blue Economy
The Governing Council of the Maritime Academy of Nigeria (MAN), Oron, has announced plans to purchase training vessels as part of efforts to resolve the longstanding challenge of seatime training for cadets. A persistent shortage of ocean-going vessels in Nigeria has hindered cadets from acquiring the mandatory sea experience required for certification and employment, leaving ...
Maritime and Blue Economy
SIFAX Group has donated an ICT centre, a Mosque and other facilities to the Isade-Elero and Pampa-Isade communities in Ijebu North-East Local Government Area of Ogun State. The newly commissioned projects include the Chief Samson Afolabi Centre for Information and Technology Services, a 100-seater ICT resource hub; the Isade Central Mosque; a Community Security Office (Elero ...
Capital Market
The Central Bank of Nigeria (CBN) has devalred that its extensive economic reforms are aimed at bolstering financial stability, deepening inclusion, and boosting national productivity. This was announced by CBN Governor, Olayemi Cardoso, during the bank's fair in Kano, which focused on "Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic ...
Maritime and Blue Economy
The Federal Government has appealed for international backing in its bid for a seat on the International Maritime Organisation (IMO) Council, stressing that Nigeria’s ports remain vital trade gateways for Central and West Africa. Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, made the call in New York over the weekend during the 80th ...
Capital Market
Eterna Plc has projected a profit after tax of N1 billion for the 2025 financial year, signaling confidence in sustaining profitability despite weaker revenues and cash flows compared to the previous year. According to its earnings forecast filed with the Nigerian Exchange, the downstream oil and gas company expects its full-year income to come in ...
Money market
Fidelity Bank Plc, has commenced the disbursement of the Federal Government of Nigeria’s (FGN) MSME Intervention Funds, administered by the Bank of Industry (BOI), to qualified SMES with a strategic focus on empowering women-owned businesses across the country. The FGN MSME Intervention Fund is designed to provide accessible financing to micro, small, and medium enterprises ...
Capital Market
Insurance firms are set to dominate profit expectations on the Nigerian Exchange (NGX) in 2025, with AIICO Insurance Plc accounting for the lion’s share of earnings forecasts recently filed with the Exchange. Together with Red Star Express Plc, SUNU Assurances Nigeria Plc, Prestige Assurance Plc, and Eterna Plc, the five firms project a combined profit ...
News
The Federal Government on Tuesday marked the 2025 National Day of Identity with a strong commitment to embedding Public Key Infrastructure (PKI) at the heart of Nigeria’s digital transformation. At the event in Abuja, themed “Public Key Infrastructure: Backbone to Digital Public Infrastructure”, Minister of Interior, Dr. Olubunmi Tunji-Ojo, described identity as the cornerstone of ...
Money market
United Bank for Africa (UBA) Plc is set to make history at the 80th United Nations General Assembly (UNGA) by unveiling a landmark whitepaper designed to chart a new course for Africa’s economic transformation. The high-level event, scheduled between September 15 and September 25, 2025, in New York, will bring together world leaders, policymakers, investors, ...
Capital Market
...as inflation drops for 5th consecutive month, hits 20.12% Prominent economic experts have credited the recent stability of the naira and a decline in energy prices as the main drivers behind the reduction in Nigeria's inflation. According to figures released by the National Bureau of Statistics (NBS) yesterday, Nigeria’s headline inflation rate continued its downward trajectory ...
Money market
Nigeria’s headline inflation rate eased to 20.12 per cent in August 2025, a decline from 21.88 per cent recorded in July 2025. This is according to the latest figures released on Monday by the National Bureau of Statistics (NBS). On a month-on-month basis, the headline inflation stood at 0.74 per cent in August, reflecting a ...
Capital Market
Nigerian fintech start-up, Rendcore, has entered into a strategic partnership with Safe Haven Microfinance Bank (MFB) and Monirates to capture part of Nigeria’s $20.5 billion annual remittance inflows, according to the World Bank (2023). The partnership, announced in a statement signed by Rendcore’s Chief Executive Officer, Mr. Gabriel Iruaga, positions the company to leverage its ...
Money market
Afri Invoice, a leading digital invoicing platform, has announced a strategic partnership with Kuda Bank to empower Nigerian entrepreneurs and Small and Medium Enterprises (SMEs) with innovative tools that simplify financial operations and drive sustainable growth. Afri Invoice Chief Executive Officer, Mr. Mark Odenore, disclosed this in a statement on Monday in Lagos. He said ...
