Custodians of Truth
The Central Bank of Nigeria (CBN) has extended the suspension of processing fees on large cash deposits until March 31, 2025. With this extension, cash deposits over N500,000 by individuals and N3 million by companies will continue to be exempt […]
Asian markets opened the week with mixed performances on Monday as traders reacted to China’s central bank interest rate cuts aimed at revitalizing the country’s slowing economy. Despite gold hitting a record high amid geopolitical concerns, the optimism from Wall […]
The Central Bank of Nigeria (CBN) recently announced that, following its interventions, Nigerian banks have refunded about N7.05 billion and $714,569.03 to customers. This was disclosed in the CBN’s monthly bulletin, CBN UPDATE September Special Edition, available on its website. […]
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has revealed that a new tax bill under consideration by the National Assembly aims to reduce tax obligations for low and middle-income earners, while higher-income individuals will […]
Senegal introduced an ambitious 25-year development plan aimed at fostering economic independence through improved competitiveness, sustainable resource management, and enhanced governance. Announced seven months after President Bassirou Diomaye Faye’s decisive election victory, the plan aligns with his commitment to elevate […]
Maritime operators have cited Nigeria’s ongoing foreign exchange crisis as a significant factor hindering the completion of four out of seven inland dry ports initially approved by the government. These ports, designed to expand cargo handling capacity away from the […]
In the first half of the year, employers across public and private sectors in Nigeria remitted approximately N692 billion to employee retirement savings accounts, according to a recent report from the National Pension Commission. A breakdown of the data showed […]
The House of Representatives has called for a review of existing tax laws to prevent the imposition of unnecessary and multiple taxes on citizens, especially concerning essential goods and services. In a motion sponsored by Mr. Peter Udogalanya Aniekwe and […]
Ivory Coast is considering selling a larger stake in its cocoa processing company, Transcao, to the Malaysian firm Guan Chong Berhad (GCB), as reported by the country’s cocoa industry regulator. GCB’s Singaporean subsidiary recently secured a 25% stake in Transcao […]
The naira continues to decline against the dollar in the foreign exchange market, driven by another round of fuel price hikes implemented by the Nigerian National Petroleum Company Limited (NNPCL). This adjustment marks yet another increase in the pump price […]