…rates and collateral requirements, energy and transport infrastructure gaps, and currency instability and multiple taxation. “These pressures reduce investment appetite, discourage industrial scale-up and trap most Nigerian firms in survival mode.” The BOI said its strategy was also designed to support small businesses…

…of no less than AED 240,000 (roughly ₦108 million), or its equivalent in a foreign currency. The income can come from inside or outside the UAE, but applicants must submit bank statements covering the six months before they apply.UAE retirement residency permit: Mortgaged property acceptedThe UAE government also made p…

…another lifeMoney shows off when e dey my palmÒwò pọ till I demiseAlubarika, comes in currency of America (America)I no dey follow find 'X', ohMoney constant bi MaphorisaPresidential, I been dey chop like minister Chorus(Just wanna) Dance, 'ance, 'ance(Just wanna) Dance, 'ance, 'ance(Just wanna) Verse 2Good energy only…

…(P2P) marketplaces, ending years of regulatory ambiguity for Nigeria’s cryptocurrency sector. On August 3, the NRS released the Guidelines on […] The post NRS, JRB issue guidelines on virtual asset P2P marketplace appeared first on Tribune Online.

…on May 29, 2023, his administration introduced the naira-for-crude to stabilise the currency, stressing that there is no need for letters of credit and paperwork. He said Nigeria has the the population, brains, and audacity to achieve a one-trillion-dollar economy. Tinubu said, “We need to encourage the private sector…

…transact within Nigeria. You cannot use the platform internationally or receive foreign currency in Nigeria.However, customers can use third-party agents like MoneyGram and WorldRemit to receive foreign currencies, which are then converted to naira and transferred to their Wallets.All OPay USSD codesThe use of USSD cod…

…rate, the reform improved price discovery and enabled companies with substantial foreign currency exposure to more accurately reflect the value of their dollar-denominated revenues in their financial statements. “This has been particularly beneficial for export-oriented and foreign exchange-earning businesses such as A…

…kidnappers, arresting 25 suspects linked to kidnapping, arms trafficking, counterfeit currency and drug supply, while recovering stolen solar equipment worth about N78m during coordinated raids over the past two weeks. The command said the operations also led to the recovery of 10 firearms of different calibres, 170 co…

…up its foreign reserves and fund fiscal priorities amid persistent pressure on the naira currency and efforts to attract foreign investment through economic ‌reforms ⁠launched by President Bola Tinubu’s administration’’.According to the report, Finance Minister, Taiwo Oyedele, told the NEC that the new terms of the fac…

…provide services related to virtual assets. In practical terms, the rules affect cryptocurrency investors and traders, exchanges, Virtual Asset Service Providers, Peer-to-Peer marketplace operators, wallet providers, brokers, NFT creators and investors, miners, and users earning staking or DeFi rewards. Others are reci…

…with Europe, he added: “Today, you can move from Slovakia to Portugal using the same currency and with minimal restrictions. But here in Africa, moving from one country to another remains unnecessarily difficult. We cannot build a competitive economy while remaining so fragmented.” Lumumba argued that Africa’s developm…

…to defend the naira and support foreign exchange market stability amid the sharp currency volatility that followed the administration’s unification of exchange rate windows. The refinancing under Project Gazelle 2 extends and restructures that facility on improved terms, reflecting both the larger size of the new facil…

…In recent years, however, the term has also been used by conservative groups and cryptocurrency firms that claim they have been denied banking services because of their political or ideological views. Trump signed an executive order a year ago aimed at penalising banks that restrict services to customers based on their…

…more expensive following the depreciation of the naira. “If you borrow in foreign currency and the exchange rate later doubles, the actual cost of that loan also increases significantly. That was why we decided to pull out,” he explained. Soludo, however, said the situation had changed as Nigeria’s foreign exchange res…

…for 2025, a 20.5% jump from the 4.74 billion pieces approved the previous yearNigeria's currency in circulation climbed to N5.73 trillion in 2025, continuing a sharp upward trend from N3.33 trillion recorded in 2021Local printer NSPM delivered only 62% of its 2025 allocation before year-end, leaving 760.76 million piec…

…taxation of virtual assets, providing a regulatory framework for the taxation of cryptocurrency and other digital asset transactions in line with the Nigeria Tax Act, 2025, and the Nigeria Tax Administration Act, 2025. The new guidelines are aimed at taxpayers, Virtual Asset Service Providers, Peer-to-Peer marketplace…

…As these figures fluctuate with stock markets, private business valuations, and currency exchange rates, the rankings are based on publicly available data from sources including Forbes and the Bloomberg Billionaires Index.Members of Dubai's ruling family are excluded because their wealth is not independently verified i…

…suspicious transactions, including a ₦850 million property purchase and a $1 million currency conversion, which the agency flagged as potential money laundering. By late 2024, the groundwork was laid for a formal reckoning. February 26, 2025: Jude Faces the Law The Lagos Zonal Directorate of the EFCC arraigned Jude Oko…

…shilling and Zambia's kwacha show resilience amid global economic uncertaintyCurrency stability attracts foreign investment and helps control inflation for consumersPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Pascal Oparada is a journalist with Legit.ng, co…

…the same period last year. The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility.

…ensure that businesses clearly display the prices of goods and services in the nation’s currency as a means of promoting transparency. The Commission’s Executive Vice Chairman, Dr Tunji Bello, stated this in his keynote address at the FCCPC/Lagos State Consumer Protection Agency (LASCOPA) Stakeholder Engagement held in…

…exchange pressures in several African markets, highlighting the differing impact of currency movements across regions.OutlookThe first-half results reinforce the resilience of Nigeria's cement industry despite a challenging operating environment.Dangote Cement continues to dominate in scale and profitability, HBM Niger…

…numbers underscores the impact of prolonged macroeconomic challenges, including currency depreciation, high inflation and weak economic growth, which have eroded private wealth over the past decade while other African markets have shown greater resilience. The post Nigeria loses 47% of dollar millionaires, retains 4th…

…debt restructuring FORMER World Bank President David Malpass has said that repeated currency devaluations are deepening poverty in developing countries, as falling exchange rates drive up the cost of food, fuel and medicine while eroding the value of pay and pensions. He also warned that Nigeria’s growing reliance on […

…or eligible partners. However, it said applicants cannot rely on overdrafts, cryptocurrency holdings, stocks and shares, pensions or funds kept in unregulated financial institutions. The guidance further requires applicants using personal or family funds to show that the required amount has been held for at least 28 co…