Business - Page 53

N50 Transfer Levy: Another Form of Double Taxation As Government Set To Make Over N1bn daily

What is the Transfer Levy? Starting September 9, 2024, fintech companies in Nigeria such as OPay, Moniepoint, and others will begin deducting the N50 Electronic Money Transfer Levy (EMTL) from customer inflows

Emmanuel Ochayi

3 months ago

SERAP Urges Tinubu To Halt Allocations To States Without Credible LGA Elections

Business·Latest News

SERAP Urges Tinubu To Reverse Fuel Price Hike, Cites Legal Breach

The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to reverse the recent increase in the price of petrol. SERAP argues that the price hike by the Nigerian

Emmanuel Ochayi

3 months ago

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th October 2024

Business·Currency·Latest News·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th September 2024

What is the Dollar to Naira Exchange rate at the black market, like the Aboki FX? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market

Victor Ezeja

3 months ago

Africa·Business·Latest News

IATF2025 Set to Boost Intra-African Trade with $44 Billion in Projected Deals

Africa’s Leading Trade Fair Set for Algeria The countdown to the fourth Intra-African Trade Fair (IATF2025) has officially begun, with Algiers, Algeria hosting this significant event from September 4 to 10, 2025.

Emmanuel Ochayi

3 months ago

Mixed Sentiment Drives Nigeria’s Equity Market Down By 0.25% As Investors Show Caution

Business·Latest News·Markets

Nigeria’s Equity Market Sees N83 Billion Decline Amid Sell-Offs In Big Stocks

The Nigerian equity market saw a significant dip last week, losing N83 billion as a result of sell-offs in major stocks. Both the All-Share Index (ASI) and the market capitalisation fell by

Emmanuel Ochayi

3 months ago

Business·Latest News·Markets

FBN Holdings Plc Sells 100% Stake In FBNQuest Merchant Bank To EverQuest LLP

FBN Holdings Plc has officially announced the sale of its entire equity stake in its subsidiary, FBNQuest Merchant Bank Limited, to EverQuest Acquisition LLP. The agreement aligns with FBN Holdings’ strategy to

Emmanuel Ochayi

3 months ago

Business·Currency·Latest News·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 8th September 2024

What is the Dollar to Naira Exchange rate at the black market, like the Aboki FX? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market

Victor Ezeja

3 months ago

Business·FEATURES·Latest News

Top 15 African Countries With The Highest External Reserves

External reserves are critical to the financial health and stability of any country. These reserves, typically held in foreign currencies, enable countries to manage their monetary policies, stabilize their currencies, and support

Emmanuel Ochayi

3 months ago

Business·Latest News

Opay To Charge N50 Levy On Transfers Of N10,000, Above From September 9

Opay, a leading fintech company in Nigeria, will begin charging customers a N50 levy on electronic transfers of N10,000 or more from September 9, 2024. This move complies with the Federal Inland

Emmanuel Ochayi

3 months ago

Naira Strengthens To N1,576 As Dollar Supply Rises

Business·Currency·Latest News

CBN Sells $20,000 To BDCs At N1,580 As Naira Depreciation Persists

In its bid to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has offered to sell $20,000 to each eligible Bureau De Change (BDC) operator at a

Victor Ezeja

3 months ago

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Business - Page 53

N50 Transfer Levy: Another Form of Double Taxation As Government Set To Make Over N1bn daily

SERAP Urges Tinubu To Reverse Fuel Price Hike, Cites Legal Breach

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th September 2024

IATF2025 Set to Boost Intra-African Trade with $44 Billion in Projected Deals

Nigeria’s Equity Market Sees N83 Billion Decline Amid Sell-Offs In Big Stocks

FBN Holdings Plc Sells 100% Stake In FBNQuest Merchant Bank To EverQuest LLP

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 8th September 2024

Top 15 African Countries With The Highest External Reserves

Opay To Charge N50 Levy On Transfers Of N10,000, Above From September 9

CBN Sells $20,000 To BDCs At N1,580 As Naira Depreciation Persists

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