Ogochukwu Onwaeze, THEWILL

Virtual-asset tax defaulters face a N10 million penalty in the first month and N1 million for every subsequent month, according to PwC’s analysis of the NRS guidelines. Failure to deduct tax at source attracts a 40 percent penalty,...

CBN removes restrictions limiting banks’ access to its Standing Lending Facility because of their participation in FX and government securities markets. Apex Bank restores collateralised funding for tenors of four to 90 days and expands OMO participation to...

Market capitalisation declined by N613 billion, from N157.493 trillion at the opening to N156.880 trillion at the close. The NGX All-Share Index fell by 949.71 points, from 243,967.09 to 243,017.38. Market breadth weakened significantly, with 16 gainers against...

The Federal Government approved tax waivers for nearly 4,000 electric vehicles imported into Nigeria in the first half of 2026. Nigeria is pushing electric mobility towards its 2050 target despite unreliable electricity and only about 48 public charging...

ECOWAS is turning to carbon trading to tackle a $294bn climate finance shortfall threatening West Africa’s development. About 32 million people could be forced into internal displacement as rising temperatures intensify climate pressures across the region. The bloc...

The SEC has fixed 5:00 p.m. on the first business day after a trade as the settlement deadline for equities and commodities transactions cleared through CSCS. Foreign portfolio investors will not be required to pre-fund trades, but brokers...

Market capitalisation declined by N1.762tn, from N159.255tn at the opening to N157.493tn at the close. The NGX All-Share Index fell by 2,756.48 points, from 246,723.57 to 243,967.09. The session recorded 28 gainers and 28 decliners, reflecting a mixed...

Nigeria’s crude oil production remained above 1.5 million barrels per day for the third consecutive month in July despite a 50,000bpd decline from June. OPEC data showed Q2 output averaged 1.525 million bpd, up from 1.388 million bpd...

BOI’s ₦250bn-equivalent facility could give manufacturers, processors, technology firms, renewable-energy companies and exporters access to longer-term capital for expansion. Experts say affordable development finance is critical as high commercial lending rates continue to constrain investment and business growth...

EFCC invites NAICOM Commissioner for Insurance Olusegun Ayo Omosehin over allegations concerning fees charged during the insurance recapitalisation exercise. NICON Insurance and Nigeria Re allege that operators faced several charges, including a one per cent fee on fresh...