Money

If you’re looking for a lucrative way to earn online income, loan affiliate programs are an excellent choice. Whether you’re targeting payday loans or personal loans, these programs can help you monetize your traffic by connecting potential borrowers with lenders. In this guide, I’ll walk you through the top loan affiliate programs, explain how they…

The House of Representatives on Tuesday announced plans to probe the Central Bank of Nigeria (CBN) over the ongoing scarcity of naira notes

The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has emphasised the need for collaborations to enhance the Federal

The Central Bank of Nigeria (CBN) has debunked reports that claimed it has approved the sale of foreign exchange to Bureau De Change (BDC) operators to meet retail demand for invisible transactions. The purported directive that carries CBN letterhead alleged that the CBN authorised the sale of $20,000 to each BDC operator at a specific…

Taxation has long been a sensitive issue in Nigeria. With a system that’s often criticised as complex, inefficient, and inequitable and has left many citizens feeling burdened and frustrated. Widespread tax evasion, poor compliance, and a general lack of trust in the system have only deepened the divide between the government and the people. But…

Nigeria’s Value Added Tax (VAT) revenue reached a record N1.78 trillion in the third quarter of 2024, recording a 14.16% growth. This indicates growth compared to the N1.56 trillion collected in the second quarter, highlighting the diversification of the country’s revenue base. A breakdown of the VAT figures for Q3 2024 shows local payments contributed…

Transactions conducted via Unstructured Supplementary Service Data (USSD) codes in Nigeria recorded 252.06 million transactions valued at N2.19 trillion in the first half of 2024, according to the Central Bank of Nigeria's (CBN) latest electronic payment statistics. This figure represents 45.3% of the total transaction value of N4.84 trillion recorded in the entire 2023, as…

The Nigerian stock market has emerged as one of the top four best-performing exchanges in Africa, with investors' returns currently standing at 31.34% in its Year-to-Date (YtD) growth. According to findings, the Nigerian stock market's YtD growth is a notable achievement, especially when compared to other African markets. Investigations further revealed that the Ghana Stock…

Despite the slight improvement in foreign capital inflows through foreign direct investment (FDI) in the third quarter of 2024, Nigeria’s capital importation fell by 51.90 per cent to $1.25 billion from $2.60 billion recorded in the second quarter (Q2) of 2024. Capital importation is the inflow of funds from abroad to support investment, trade, and…

Air Peace Ltd. says the operating cost for a one-hour flight exceeds N14 million. The airline’s Chief Operating Officer (COO), Mrs. Oluwatoyin Olajide, disclosed at a news conference on Friday in Lagos. Olajide said that N7 million is required to purchase 4,000 litres of jet A1 (aviation fuel), which is currently sold for N1,400 per…

Stanbic IBTC Pension Managers Limited has announced the temporary closure of select branches as well as the suspension of its digital channels due to a scheduled system maintenance exercise. Stanbic IBTC, in a notice sent to customers as seen by The Guardian, stated that certain branches will close early, at 12:00 PM on Friday, December…

The Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified a post challenging a proposed increase in the rate of Value Added Tax (VAT) which he shared on X in 2019. In the post, Oyedele said VAT rate increase will lead to higher inflation, interest rate hike, and more unemployment, adding…