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Africa’s leading fintech company, Flutterwave, in 2024 recorded a 12 per cent increase as its global footprint expanded significantly, with 48 per cent of businesses on its platform receiving payments from new geographic locations. This was contained in its 2024 end-of-year report. The report showcased remarkable achievements in global expansion, technological innovation, and customer success….
Osun State Governor, Senator Ademola Adeleke has reaffirmed the administration’s commitment to ensuring fair practices in the state’s mining sector, stating that he has no witch-hunting agenda against any individual or businesses. Speaking at a stakeholders’ forum held on December 19, 2024, the governor represented by the Secretary to the State Government, Teslim Igbalaye,…
Quilox Club, in collaboration with the National Agency for Food and Drug Administration and Control (NAFDAC), launched a campaign against the circulation of fake drinks in nightclubs. This was disclosed to the press during a conference at Quilox building, Lagos, as the club marks its 11th anniversary. Briefing members of the press, Chief Operating Officer…
Nigeria and France have signed an agreement critical minerals value chain in the solid minerals sector of both countries. Critical minerals such as copper, lithium, nickel, cobalt, and rare earth elements are essential to clean energy technologies. In the Memorandum of Understanding (MOU) signed by both countries on the sidelines of the official visit to…
Dr Ngozi Okonjo-Iweala on Friday emerged as the Director-General of the World Trade Organisation (WTO) for a second four-year term, which will commence on 1 September 2025. Okonjo-Iweala is the seventh Director-General of the WTO. She first assumed office as Director-General on 1 March 2021, becoming the first woman and first African to lead the…
President Bola Tinubu, alongside his wife Oluremi, left for France on Wednesday, November 27, 2024 for a three-day visit. This makes it fourth trip to the European country in 2024 alone by Mr Tinubu who was a governor of Lagos State. Tinubu’s special adviser on information and strategy, Bayo Onanuga, said the trip was a…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further increased the Monetary Policy Rate (MPR) by 50 basis points to 27.25 per cent from 26.75 per cent. The Governor of the CBN, Yemi Cardoso, made this known on Tuesday in Abuja, while reading the communiqué from the 297th meeting of…
The Central Bank of Nigeria (CBN) says it will continue to enforce payment of the mandatory levy on all electronic transactions by banks and other financial institutions. This comes nearly four months after the decision suffered a major backlash when it was initially announced in May. CBN, however, disclosed that the controversial levy had now…
Google, Netflix, Facebook and other foreign companies operating in Nigeria paid N2.55tn in taxes to the Federal Government in the first six months of 2024. The amount represents an increase of 158.76 per cent from N985.27bn collected in the preceding period of 2023. The figure includes Company Income Tax and Value Added Tax, collated from…
This mandatory deduction by FIRS brings to an era of free banking services that some of the fintechs provide, even though the charges go to the federal government.