Business & Economy - Page 35

Nigerian banks will start charging senders a N50 stamp duty on electronic transfers of N10,000 and above from January 1, 2026, following the implementation of the Tax Act, The stamp duty or electronic money transfer levy (EMTL) is a single, one-off charge

Nigeria’s aviation sector faces a potential crisis as a sweeping new tax law set to take effect on January 1, 2026 risks pushing domestic airfares beyond ₦1 million, Air Peace’s Chairman and CEO, Allen Onyema, has warned. The concerns, raised in a

Power is a loan. It is never truly owned, only held for a while. Whether it comes through politics, position, influence, or privilege, power has an expiry date. Yet, many who ascend into authority forget this fundamental truth. They build monuments to

The National Assembly has ordered the re-gazetting and issuance of Certified True Copies of Tax Acts to address alleged discrepancies in published versions. This is contained in separate statements by House spokesman Akin Rotimi and Clerk to the National Assembly, Kamoru Ogunlana,

A public policy analyst and chieftain of the All Progressives Congress (APC), Mr Bola Babarinde, has urged the Federal Government to fully integrate Nigeria’s solid minerals sector into ongoing tax reforms. Babarinde, a former APC Chairman, South Africa Chapter, in a statement

The Presidential Initiative on Compressed Natural Gas (Pi-CNG) and Electric Vehicles (EVs) has signed an agreement with You Jie Te Environment Technology Ltd (YJT) to localise the manufacturing of critical energy infrastructure in Nigeria. The Memorandum of Understanding (MoU) was signed when

Investors in the Nigerian stock market traded a total turnover of 2.876 billion shares worth N63.832 billion in 80,229 transactions on the floor of the Exchange this week. The Nigerian Exchange Ltd.(NGX) weekly report made available in Lagos, said this was in

By Dele Debowale The Nigerian Naira maintained a relatively stable position against the United States Dollar on Wednesday, December 24, 2025, as trading opened across both the official and parallel markets. This stability comes amid ongoing efforts by the Central Bank of

The Central Bank of Nigeria (CBN) is taking its reform narrative directly to global investors, projecting policy stability, macroeconomic discipline and renewed confidence as it seeks to attract sustained capital inflows into Africa’s largest economy. Under the leadership of Governor Olayemi Cardoso,

By Lucy Ogalue The Federal Government, in collaboration with the World Bank, has commenced the implementation of a 500 million dollars Human Capital Opportunities for Prosperity and Equity–Governance (HOPE-GOV) Programme. The National Coordinator, HOPE-Governance Programme, Dr Assad Hassan, said this on Tuesday