| Date | Title | Description |
| 09.11.2024 | The VAT Tug-of-War: A Recipe for Chaos in Nigeria's Tax System | The debate over Value Added Tax (VAT) collection in Nigeria is heating up. The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has raised alarms about the potential chaos that could ensue if states are allowed to collect V... |
| 09.11.2024 | Allowing states to collect VAT will be ‘chaotic’ — Taiwo Oyedele | The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has cautioned that allowing state governments to collect Value Added Tax (VAT) could result in chaos.
Speaking during an interview on Friday, Oyedele explained that a sim... |
| 08.11.2024 | Nigeria: Concerns Rise Over 'Borrow-Me-Credit' Service in Nigerian Telecom Sector | The Association of Telecom Entrepreneurs, representing Nigeria's airtime distribution sector, has raised concerns over what it describes as excessive costs and a troubling lack of transparency surrounding the "borrow-me-credit" sc... |
| 01.11.2024 | How to apply as FIRS begins recruitment of tax officers nationwide | The Federal Inland Revenue Service (FIRS) on Friday officially announced the opening of its portal for the recruitment of tax officers across the country.
This followed its earlier notification of plans to recruit Tax Officers I and Tax Off... |
| 31.10.2024 | Solid minerals sector contributed N1.137trn to government revenue from 2007 to 2023- NEITI | The Nigerian Extractive Industries Transparency Initiative (NEITI) revealed that Nigeria’s solid minerals sector has made a direct financial contribution of N1.137 trillion to federal, state, and local governments over a 16-year period from... |
| 29.10.2024 | Northern Governors reject proposed derivation model for VAT distribution in new tax bill | The Northern Governors Forum chaired by Gombe state Governor has rejected the derivation-based model for Value Added tax (VAT) distribution in the new tax bill currently in the National Assembly for deliberation.
In a communique signed by t... |
| 26.10.2024 | Fixing cross-border payment challenges: Progress is happening, but we need to move faster | This article was contributed to TechCabal by Dr. Austin Okpagu.
We’ve all heard the projections: by 2050, Africa will account for a quarter of the world’s population, with Nigeria leading as the most populous country on the continent. But p... |
| 25.10.2024 | A Fragile Freedom: The Release of Tigran Gambaryan and Its Implications | In a dramatic turn of events, Tigran Gambaryan, a Binance executive, has been released from Nigerian custody after months of detention. The court's decision to drop money laundering charges against him was not just a legal maneuver; it was ... |
| 24.10.2024 | The Future of Education and Employment in Nigeria: A Dual Challenge | Nigeria stands at a crossroads. The country grapples with a burgeoning youth population and a pressing need for educational reform. The recent announcements from the Nigerian Education Loan Fund (NELFUND) and the Federal Inland Revenue Serv... |
| 24.10.2024 | Nigeria's Customs and Tax Service: A Dance of Auctions and Recruitment | In the bustling world of Nigeria's trade and finance, two significant developments are making waves. The Nigeria Customs Service (NCS) is gearing up to auction off overtime vehicles and containers, while the Federal Inland Revenue Service (... |
| 24.10.2024 | Nigeria's Customs and Education Funds: A Dual Approach to Economic Recovery | In Nigeria, two significant initiatives are unfolding, each addressing critical sectors of the economy: customs and education. The Nigeria Customs Service (NCS) is preparing to auction off overtime vehicles and containers, while the Nigeria... |
| 24.10.2024 | Binance: U.S. Government appreciates FG for releasing Tigran Gambaryan | The United States government has expressed gratitude to the federal government of Nigeria for approving the release of detained Binance executive Tigran Gambaryan.
This was disclosed in a statement on Thursday, signed by Antony J. Blinken, ... |
| 23.10.2024 | Students’ loan disbursements hit N10b, 350,000 applications received – NELFUND | The Managing Director of the Nigerian Education Loan Fund (NELFUND), Mr. Akintunde Sawyerr, announced the disbursement of over N10 billion and the receipt of more than 350,000 applications.
He made this statement during a meeting with the H... |
| 22.10.2024 | Nigeria Customs to auction off overtime vehicles, containers after expiration of 30day ‘grace’ period | The Nigeria Customs Service (NCS) has issued a 30-day grace period for importers and agents to process and clear overtime containers and vehicles currently held at various commands, in line with provisions of the NCS Act 2023 as it will pro... |
| 21.10.2024 | FIRS announces planned recruitment of tax officers across Nigeria | The Federal Inland Revenue Service (FIRS) has announced plans to kick off recruitment of tax officers in various locations across Nigeria.
While applications are yet to be opened, the Service in a public notice released on Monday said the r... |
| 13.10.2024 | Navigating the Tax Maze: A Call for Clarity and Fairness in Nigeria | In the heart of Nigeria's economic landscape, a storm brews. Rising inflation, unemployment, and a soaring cost of living create a perfect storm for low-income earners. The House of Representatives, led by Speaker Tajudeen Abbas, has steppe... |
| 11.10.2024 | Tax: Speaker sets deadline for FIRS committee to eliminate double taxation on Nigerians | The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has set a three-week deadline for the Committees on Finance and the Federal Inland Revenue Service (FIRS) to identify and eliminate double taxation on low-income Nigerian ear... |
| 11.10.2024 | BREAKING: Nigerian Court rejects ‘sick’ Binance executive Gambaryan’s second bail application | A Federal High Court in Abuja has rejected the fresh bail application by detained Binance executive Tigran Gambaryan.
Justice Emeka Nwite made the decision during his ruling on October 11, 2024.
On September 4, 2024, the Federal High Court ... |
| 08.10.2024 | Access Bank takes home 2 awards at the 2024 Annual MSME Awards | Access Bank has emerged as the winner in two different categories of awards at the maiden edition of the Micro, Small and Medium Enterprises (MSME) Award Night.
This event, organised by Nairametrics and the Economic Forum Series was endorse... |
| 02.10.2024 | We recovered over N13 billion of diverted public funds in September alone — ICPC | The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has announced the recovery of over N13 billion in diverted public funds in September 2024 alone.
ICPC Chairman, Dr Musa Aliyu, SAN, made this disclosure during h... |
| 16.09.2024 | MasterCard and Airtel Smartcash headline the 2024 annual MSME finance awards program | The Economic Forum Series® (EFS), Nairametrics, and DiGiComm Enterprises are pleased to announce MasterCard and Smartcash Payment Service Bank (PSB) as the Headline Partners for the Annual MSME Finance Awards 2024.
This prestigious event is... |
| 28.08.2024 | The Ripple Effect of Nigeria's Financial Landscape: Opportunities and Human Rights Concerns | Nigeria's financial landscape is a complex tapestry woven with ambition, competition, and human rights dilemmas. The recent surge in bank recapitalization efforts and the troubling case of a detained Binance executive highlight the dual nat... |
| 27.08.2024 | Former lawmaker repays N3.18 million in student loan debt after 45 years — NELFUND | The Nigerian Education Loan Fund (NELFUND) has announced that Lanre Laoshe, a former member of the House of Representatives, Hon. Lanre Laoshe, has repaid N3.18 million in student loan debt, 45 years after initially borrowing from the gover... |
| 26.08.2024 | Detained Binance Executive Gambaryan ‘can no longer walk’, family appeals to Nigerian Government again | The family of detained Binance executive Tigran Gambaryan, who is facing money laundering charges in Nigeria, says “he can no longer walk”.
They have once again, asked the Nigerian government’s permission for his release due to health conce... |
| 19.08.2024 | Naira Transactions: A New Dawn for Nigeria's Oil and Consumer Markets | The Nigerian economy is at a crossroads. The government’s recent decision to sell crude oil to the Dangote Refinery in naira marks a significant shift. Starting October 1, 2024, this initiative aims to stabilize fuel prices and strengthen t... |
| 19.08.2024 | FG to begin sales of crude oil to Dangote refinery in Naira from October 1 – Wale Edun | The Federal Government has announced that sales of crude oil to the Dangote Refinery in naira will begin on October 1, 2024.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this known during a meeting with ... |
| 30.07.2024 | Nigeria's Tax Crime Challenge: A Call for Unity and Reform | Nigeria stands at a crossroads. The nation grapples with a persistent issue: tax crimes. These crimes are not mere numbers on a ledger; they are a drain on resources, a thief in the night stealing from the public purse. The United Nations D... |
| 28.07.2024 | United Nations Development Programme supports Nigeria in tackling tax crimes amid reforms | The United Nations Development Programme (UNDP) has stressed that Nigeria needs to adopt a coordinated approach to effectively tackle tax crimes.
This is according to a statement published on its website, which was seen by Nairametrics.
The... |
| 18.07.2024 | Navigating legal requirements for small businesses in Nigeria | Starting your small business in Nigeria’s vibrant business landscape is exciting. However, to ensure your business’s success and secure foundation, you need to understand the legal requirements governing business establishments in Nigeria p... |
| 12.07.2024 | Nigerian judge sets Binance tax evasion trial for October | ABUJA : A Nigerian court will begin a trial against cryptocurrency exchange Binance over tax evasion charges on Oct. 11, the judge hearing the case said on Friday.
Binance faces four counts of tax evasion, including failure to register with... |
| 27.06.2024 | Nigeria: Ribadu - Nigeria Needs Robust National Cybersecurity Intelligence, Strategies for Digital Transformation | The National Security Adviser, Mallam Nuhu Ribadu has stressed the need for robust national cybersecurity intelligence initiatives and strategies that will enable Nigeria achieve a successful digital transformation and safe cyberspace.
Riba... |
| 21.06.2024 | BINANCE: Tigran Gambaryan’s health is not deteriorating in Kuje prison, Nigerian Government replies US lawmakers | The federal government of Nigeria has debunked allegations that the health of a United States Binance executive, Tigran Gambaryan is deteriorating while in custody at Kuje Correctional Service.
Mohammed Idris, Nigeria’s Minister of Informat... |
| 18.06.2024 | NUPRC extends deadline for 2024 oil block licensing round by 10 days | The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a ten-day extension for the registration and submission of pre-qualification documents for the 2024 oil block licensing round.
Mr. Gbenga Komolafe, Commission Chief... |
| 14.05.2024 | Nigeria: Cybersecurity Levy - Matters Arising | The report that President Bola Tinubu has now ordered the Central Bank of Nigeria (CBN) to suspend the implementation of the proposed Cybersecurity Levy must come to many Nigerians as some sort of relief, but before we deal with the sense o... |
| 07.05.2024 | Nigeria sets dangerous precedent by detaining Binance execs, CEO says | LAGOS : The CEO of cryptocurrency exchange Binance on Tuesday accused Nigeria of setting a dangerous precedent after its executives were invited to the African country and then detained as part of a crackdown on crypto.
Binance, the world's... |
| 26.03.2024 | Nigeria takes aim at Binance after executive ‘flees custody’ | Nigeria has filed tax evasion charges against cryptocurrency platform Binance and is seeking an international arrest warrant for the company’s regional manager for Africa who fled custody last week, officials said on Monday.
The manager Nad... |
| 04.02.2022 | FIRS generated N4.396 trillion in taxes from non-oil sector in 2021 | --> -->
The Federal Inland Revenue Service (FIRS) has disclosed that it generated the sum of N4.396 trillion in taxes from non-oil sector in 2021 compared to N2.507 trillion collected in 2017.
This was disclosed by the FIRS chairman, ... |
| 02.08.2021 | Inconsistent policies are killing African startups | Policies & African startups is a monthly series written by Titi Akinsanmi. All musings are hers and not attributable to TechCabal or any organisations she is serving, working or affiliated with. First of all, introduction
It has taken m... |
| 28.12.2020 | Agritech startup ecosystem: Tax planning, incentives and opportunities | Share this article:
Agribusiness is not immune to the challenges encountered in Nigeria’s business environment. Despite the glaring need for food sufficiency in Nigeria, and the untapped opportunities in that sector, agribusiness and agrite... |
| 18.09.2020 | Self-certification forms: The Nigerian government’s play for billions in global tax revenues | Share this article:
In Nigeria, every financial account holder, both individual or corporate, will now be expected to obtain a self-certification form and submit it at their respective financial institutions. These institutions include bank... |
| 22.01.2019 | These are the companies backing Techpoint Build West Africa 2019 | Share this article:
We are grateful for the dedication and generosity of our family of sponsors, some of whom have been with us since the first edition, last year.
This is more than just a list of brands, it is a community of corporations a... |
| 20.04.2017 | Relocating to Nigeria to start business; A guide | Share this article:
The year 2016 was probably one of the worst years to be starting business in Nigeria. According to a news report, 272 firms closed shop in Nigeria because of the foreign exchange restrictions. This closures led to a loss... |
| 11.04.2017 | 4 things bound to happen if the Nigerian internet gets shutdown like Cameroon’s | Share this article:
In January, the Cameroonian government shut down internet in the Northwest and Southwest provinces of the country. These parts are largely anglophone regions. The action was a reprisal of sorts by the Francophone governm... |
| 28.01.2013 | Nigeria Generates $32 billion From 2012 Tax | Nigerian tax administrator, the Federal Inland Revenue Service (FIRS) said during the weekend that it generated 5.007 trillion naira ($32 billion) for the Federal Government in the 2012 fiscal year.
According to an official statement, the 3... |
