Court Paves Way for Nigerian States to Collect Billions in Taxes

Court Paves Way for Nigerian States to Collect Billions in Taxes

A court ruling in one of Nigeria’s oil-producing states may cost the federal government control of a major source of tax revenue, to the detriment of the West African nation’s poorer regions. A court ruling in one of Nigeria’s oil-producing states may cost the federal...

Nigeria Achieving Sustainable Economic Growth?

Nigeria Achieving Sustainable Economic Growth?

ELATED by the 5.01 per cent leap in Gross Domestic Product in the second quarter of this year, the President, Major General Muhammadu Buhari (retd.), and his team have been in a celebratory mode, loudly crediting their exertions for the feat. With bad news cascading...

Nigeria Achieving Sustainable Economic Growth?

Nigeria Chaotic Ports Require Fresh Ideas

IN an ever more complex global maritime milieu, Nigeria’s seaports remain an economic hole largely because of their uncompetitive, backward, corruption-ridden operations. A fresh push by the House of Representatives Committee on Customs and Excise to untangle the...

Nigeria Naira (NGN USD) News and Quote: Bank Picks Partner For Digital Currency

Seized Cash Worth $4.7 Billion Fuels Nigerian Political Fight

Nigeria’s state governors sued the federal government for allegedly failing to share billions of dollars in confiscated funds with their administrations. The heads of the West African nation’s 36 states filed a case with the Supreme Court in March seeking an order...

SoftBank Makes First Africa Bet on OPay at $2 Billion Valuation

SoftBank Makes First Africa Bet on OPay at $2 Billion Valuation

SoftBank Vision Fund 2 led a $400 million funding round for OPay, valuing the Nigerian mobile-payments platform at $2 billion and marking the investment vehicle’s first bet in Africa. Also participating in the round were Sequoia Capital China, DragonBall Capital, the...

Nigeria’s Social Media Comedians are Making Laughter Pay!

Nigeria’s Social Media Comedians are Making Laughter Pay!

Lagos, Nigeria -- The women at the immigration counter thought I was crazy. "I still don't understand why you won't use your husband's name," one of them said, pointing to the section of a form where I had indicated my marital status. "Because it is his name, not...

Food Inflation Hits Family Budgets, Menus From India to Nigeria

Food Inflation Hits Family Budgets, Menus From India to Nigeria

In India, father of one Harishchandra Barik is having to make hard choices for his family when it comes to food. There is less meat, fish or fruit these days on the table, more eggs instead. Chickpeas and paneer, a type of local cottage cheese, have got out of reach....