Australia Lists 9 Key Benefits for Permanent Residents
Australia's Department of Home Affairs outlines nine core benefits for permanent residents, including Medicare, work rights, and New Zealand work access.
Category : Business
NRS Mandates Tax ID for Crypto Exchange Accounts in Nigeria
NRS now requires a valid Tax ID before activating crypto exchange accounts in Nigeria, as part of new virtual asset taxation guidelines.
NRS Mandates Tax ID for New Crypto Account Activations
Nigeria's Revenue Service now requires Tax Identification Numbers (TIN) for all new crypto account activations, aiming to boost tax compliance and transparency in digital assets.
Lagos Opens $5,000 Climate Action Fund for Youths
Lagos launches $5,000 Youth Climate Action Fund for 15-24 year-olds. Grants from $1,000 to $5,000 for eco-projects. Mandatory webinar Aug 4, 2026.
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NRS Issues New Tax Guidelines for Crypto and Virtual Assets
The Nigeria Revenue Service (NRS) has published new Guidelines on the Taxation of Virtual Assets, covering registration, record-keeping, valuation, and tax treatment for crypto businesses and individuals.
How Hakeem Belo-Osagie Turned Bankrupt UBA Into $250M
Hakeem Belo-Osagie bought UBA in 1994, discovered it was bankrupt, and transformed it, selling his stake for $250 million in 2005.
NRS Issues Crypto Tax Guidelines, 30% Income Tax for Firms
Nigerian Revenue Service (NRS) issues new crypto tax guidelines, imposing 30% income tax on companies and 15% on individuals, effective immediately.
DMO Opens August Savings Bond Offer with 14.96% Returns
The Debt Management Office opens the August savings bond offer with returns up to 14.96%, targeting ₦150 billion for infrastructure and refinancing.
Beta Glass Q2 2026: Revenue Up 12%, Profit Rises 8%
Beta Glass Plc reported a 12% revenue increase to N58.7bn in H1 2026, with profit after tax up 8% to N7.2bn, driven by strong demand and operational efficiency.
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MTN, Airtel Dominate as Nigeria's Mobile Lines Hit 189M
Nigeria's active mobile subscriptions hit 189.68 million in May 2026, with MTN and Airtel controlling 86% of the market, NCC data shows.
Best Samsung Phones for Photography and Video 2026
Samsung's Galaxy S26 Ultra leads with a 200MP camera in 2026, while the Galaxy A55 5G proves budget buyers can enjoy pro-level photos.
CBN Offers N700 Billion in First Treasury Bills Auction for August 2026
The Central Bank of Nigeria will auction N700 billion in treasury bills, its first for August 2026, targeting 91-day, 182-day, and 364-day instruments to manage liquidity.
CBN Approves 5.71 Billion Banknotes for 2025
CBN approved 5.71 billion banknotes for 2025, a 20.5% rise, with currency in circulation hitting N5.73 trillion, while NSPM delivered just 62% of its share.
Femi Otedola Targets Over 51% Stake in First HoldCo
Billionaire Femi Otedola has announced plans to increase his stake in First HoldCo to over 51%, a move that will give him controlling ownership of First Bank of Nigeria.
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Black Tax in Nigeria: What It Costs You and How to Calculate
Explore what black tax means in Nigeria, its financial impact on earners, and a practical formula to calculate your family support obligations.
BUA Foods Delivers Double-Digit Profit on Margin Discipline
BUA Foods Plc reports double-digit profit growth for H1 2026, driven by disciplined margin management and cost efficiency, according to its interim financial results.
FirstHoldCo Hits N6 Trillion Market Cap, a Historic First
FirstHoldCo becomes the first Nigerian bank to hit N6 trillion market cap on the NGX, marking a historic milestone for the banking sector in 2026.
African Startups Raise $102M in July as Funding Hits Low
African startups raised $102 million in equity funding in July 2026, the lowest monthly total in seven years, signaling a deepening funding winter.
NAICOM Approves 43 Insurance Firms After Recapitalisation
NAICOM has approved 43 insurance and reinsurance firms after recapitalisation, raising over N300bn to strengthen Nigeria's insurance sector.
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Ava Capital Plc Lists on NGX, Marking New Chapter
Ava Capital Plc has officially listed on the Nigerian Exchange (NGX), marking a significant milestone for the company and a new chapter for Nigeria's capital market.
LivingTrust Mortgage Profit Falls 76% as Deposits Rise
LivingTrust Mortgage Bank's profit before tax crashed 76% in H1 2026, even as customer deposits surged, according to the bank's financial report.
NAICOM Clears 43 Insurers, Eight Remain Uncertain
NAICOM has cleared 43 insurers after meeting recapitalisation requirements, while the fate of eight companies remains uncertain.
Top 15 Busiest Domestic Airports in Africa in H1 2026
AFRAA's H1 2026 report ranks Johannesburg O.R. Tambo as Africa's busiest domestic airport. See the full top 15 and discover key growth trends.
FirstBank Gives N10m Grants to Women Entrepreneurs
FirstBank awarded N10m in grants to women-led businesses via its inaugural Spark A Gem Challenge; top prize of N5m went to Honeypot Confections.
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FG, Dangote Refinery Dollar Swap for Naira Fuel Sales
The Federal Government and Dangote Refinery agreed to a dollar swap deal to keep petrol sales in naira after forex shortages halted domestic fuel transactions.
Chellarams Returns to N1.45bn Profit as Revenue Jumps 84%
Chellarams Plc returns to N1.45bn profit after tax in latest results as revenue jumps 84%, signaling strong recovery and investor confidence.
Richest People in Dubai 2026: Top 15 Billionaires Ranked
Hussain Sajwani leads Dubai's 2026 rich list with $15.3 billion from DAMAC Properties, followed by Telegram's Pavel Durov and retail tycoon M.A. Yusuff Ali.
Brent Crude Slips 16% as Trump Resumes Iran Talks
Brent crude fell 16% in eight trading days as Trump revived Iran peace talks, raising expectations of more supply. Nairametrics examines the slump.
Naira Falls to N1,368.22/$1 at Official Market
The naira depreciated to N1,368.22 per dollar in the official market on July 31, 2026, as persistent FX demand and a dip in reserves pressured the currency.
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Two Nigerian Stocks Return Over 100% in July
Two Nigerian stocks recorded gains exceeding 100% in July, making them the best performers on the NGX, according to Nairametrics' monthly market review.
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