Author: Marketforces Africa

Taxpayers’ attitudes about paying taxes correlate closely with perceived levels of corruption, according to a major new study, Public Trust in Tax, by accountancy bodies ACCA and the International Federation of Accountants (IFAC).

The Federal Inland Revenue Service (FIRS) has cautioned Ministries, Departments and Agencies of Government (MDAs) against the appointment of consultants and concessionaires to collect taxes due to the Federal Government or any of its agencies, as the FIRS is the sole agency of government saddled with the responsibility of tax collection.

A 131-carat white Type IIa diamond was uncovered from the Lulo mine, a 3,000 square km concession in Angola’s …

The Nigerian stock market deflates further on Wednesday as selloffs knocked off N13 billion

The Federal Reserve has announced another 75 basis points interest rate hike. The United States

The Nigerian Exchange (NGX) tracks lower midday on overdose selling in banking stocks: FBN HoldingS

Nigerian Banks Halt FX Transaction on Debit Cards As the United States dollar scarcity bites harder, some Nigerian banks have reiterated the position that their customers will not be able to use their debit cards to buy online. The decision is linked to the Central Bank of Nigeria’s instruction or circular informing local lenders to protect the outflow of foreign currencies. Nigeria has been unable to raise dollar inflow into the country as crude oil production volume continues to drop, though global oil prices remain strong at an average of $100 per barrel – far higher than less than $75…

 FairMoney, the leading credit-led digital financial institution in Nigeria, engages cloud banking solution

The average yields on Treasury bills and Federal Government Bonds were steady on Tuesday as the market…

The Nigerian stock market halts days of loss-making streaks on Tuesday as buying interest improves.