ACCOUNTING FOR VAT IN NIGERIA – CASH OR ACCRUAL BASIS?

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The Value Added Tax Act (VATA or the Law), 2007 governs the administration of VAT in Nigeria. VAT is levied at each stage of...
Nigeria’s total export declines by a 52% in Q2 2020

11 documents you need to export goods from Nigeria

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The process of exportation may be challenging especially considering the series of processes being implemented by different countries to check influx of goods into...

Skye Bank gives out brand new car, N1m, other gifts as Moneygram as promo...

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Skye Bank Plc is set to reward its loyal customers with a brand new car, N1 million and other cash and consolation prizes at...

CBN introduces new Forex rates…sells N357/$1 to banks

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The Central Bank of Nigeria (CBN) says banks will no longer trade the naira at N375 per dollar for invisibles, such as school fees,...

Cashless 2.0: Second coming of cashless and the rise of ‘Fintechs’

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On the 21st of February this year, the Central Bank of Nigeria announced the re-introduction of the cashless policy. The cashless policy of the...
Forex Market: Naira Appreciates Against USD At Investors & Exporters Window-Brand Spur NIgeria

Official, black market rates’ gap narrows over CBN’s interventions

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The gap between the official  and the black market rates narrowed at the weekend, after the local currency firmed to N380 per dollar on...

UBA records 32% rise in pre-tax profit

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United Bank for Africa Plc posted a 32 per cent increase in its profit before tax for the 2016 financial year, its audited 2016...

Nigeria’s Historical Monthly Inflation Rate Data (Updated March 2017)

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The National Bureau of Statistics reported that Nigeria’s inflation rate for the month of February rose by 17.8% compared to 18.72% recorded in January...

Hackathon offers $50,000 to recode customer challenges in financial fnstitutions

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Africa Fintech Foundry , a fintech accelerator, is organizing a 48-hour hackathon titled Recode Nigeria, which comes with up to $50,000 prize. It has...

N500 FREE airtime for everyone as Zoto celebrates one million users!

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We’re excited to share that you’re one of the ONE MILLION users now recharging with Zoto! To keep enjoying the best recharge experience, start...

AMCON sells Keystone Bank to Sigma Golf, Riverbank Investment

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The Asset Management Corporation of Nigeria (AMCON) has sold Keystone Bank Limited, the last of the three nationalised banks to Sigma Golf Nigeria Limited...

What is FinTech?

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Financial technology—FinTech for short— describes the evolving intersection of financial services and technology. The term can refer to startups, technology companies, or even legacy...