•FIRS Executive Chairman, Zaacheus Adedeji The agency hopes the new SOP will make tax services better for Nigerians and increase public trust in the system. The Federal Inland Revenue Service (FIRS) has introduced a new Standard Operating Procedure (SOP) to fix inconsistencies in tax services across its over 300 offices nationwide. The move aims to…
(Reuters): South Africa’s manufacturing output fell 6.3% year on year in April, after falling by a revised 1.2% in March, statistics agency data showed on Tuesday.Factory production rose 1.9% month on month in April after falling by a revised 2.5% in March.
Governor Umo Eno of Akwa Ibom State has revamped Ibom Paint, located in Etinan Local Government Area, formerly known as Peacock Paints. Governor Eno directed all those handling state government projects to patronize Ibom Paint, assuring that his administration will continue partnering with Akwa Ibom Investment Corporation (AKICORP), to ensure all state-owned enterprises function optimally….
The Abuja Chamber of Commerce and Industry (ACCI) has engaged the St. Kitts and Nevis Chamber of Industry and Commerce ahead of the 2025 Investment Gateway Summit. A statement by ACCI’s Media & Strategy Officer Olayemi John-Mensah said, the engagement took place at the headquarters of the St. Kitts and Nevis Chamber in Basseterre, before…
The Bonny Kingdom Chamber of Commerce is set to kick off the first Bonny Investment and Tourism Expo. The Investment and Tourism Expo is scheduled to hold between June 9 and June 12, 2025. The President of Bonny Chamber of Commerce, Mrs Constance Nwokejiobi, disclosed this to journalists in Port Harcourt, yesterday. She said that…
The Ghanaian cedi recently experienced a significant GHS16 to GHS10 appreciation against the US dollar. Bloomberg reported that the cedi has appreciated nearly 16 percent against the US dollar since the start of April 2025. This marks a remarkable turnaround from its previous status as one of the worst-performing currencies in Sub-Saharan Africa in 2024….
The Nigerian Communications Commission (NCC) has announced an important change on the deduction of charges for Unstructured Supplementary Service Data (USSD) transactions. Starting Tuesday, June 3, 2025, Deposit Money Banks (DMBs) will no longer be allowed to deduct these fees directly from customers’ bank accounts. Instead, the charges will be deducted from users’ mobile airtime…
•President Bola Tinubu, and Bill Gates (BusinessDay) : The Federal Government of Nigeria has signed an agreement with the Bill Gates Foundation to establish an artificial intelligence (AI) Scaling Hub. The foundation will donate about $7.5 million in funding, and provide expertise, according to Bosun Tijani, minister of communications, innovation and digital economy, on his…
Benin Republic has emerged as the textile hub in West Africa.The Republic of Benin has quietly emerged as a hub for sourcing textiles for international and regional markets in West Africa. The Glo Djibe Industrial Zone (GDIZ), situated 45km from Cotonou, has aided Benin Republic’s emergence as the focal point for ultra-modern textile facilities where…
“The levies they listed include road maintenance levy (0.85% Cost Insurance and Freight (CIF), statistics levy (7.28% CIF), corridor security levy (0.50% CIF), Customs bond (0.25% CIF), Customs stamp (4% Stat), tracking (75,000 per truck).” Cross-border traders have continued to groan under the high cost of moving goods through the Lagos-Abidjan corridor, which they say,…
