Category: #Finance
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LAWYERS BACK TAX OMBUD’S DRIVE TO BOOST COMPLIANCE, REVENUE
Nigerian lawyers have backed the Office of the Tax Ombud’s efforts to promote voluntary tax compliance and increase government revenue, stressing the importance of a trusted and transparent tax system. The position was expressed during a panel discussion titled “Pay Now, Prosper Later” at the ongoing 66th Annual General Conference of the Nigerian Bar Association…
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DIGITAL PAYMENTS KEY TO FINANCIAL INCLUSION, ECONOMIC GROWTH — CBN
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to expanding digital payment channels as a means of deepening financial inclusion, supporting economic growth and accelerating national development. CBN Governor Olayemi Cardoso, represented by Acting Director of Corporate Communications and Investor Relations, Hakama Sidi-Ali, stated this at the CBN Fair in Lafia, Nasarawa State.…
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TAX OMBUD SEEKS STRONGER AGENCY COLLABORATION TO IMPROVE REVENUE ADMINISTRATION
The Chief Executive Officer of the Office of the Tax Ombud, Dr John Nwabueze, has called for stronger collaboration among government agencies to improve Nigeria’s revenue administration and protect taxpayers’ rights. Nwabueze made the call at a stakeholders’ engagement organised by the Office of the Tax Ombud in Abuja. He said effective taxation required a…
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SANWO-OLU, CIBN MOBILISE YOUTHS FOR DIGITAL ECONOMY
Lagos State Governor, Babajide Sanwo-Olu, has urged Nigerian youths to take the lead in building a digital, inclusive and sustainable economy, stressing the need to combine technology with integrity, creativity and problem-solving skills. Sanwo-Olu, represented by the Commissioner for Finance, Abayomi Oluyomi, spoke at the 4th Chartered Institute of Bankers of Nigeria (CIBN) Generation Next…
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NGX SEEKS STRONGER PARTNERSHIP WITH HONG KONG EXCHANGE
The Nigerian Exchange Group (NGX Group) has called for stronger institutional cooperation with Hong Kong Exchanges and Clearing (HKEX) to deepen capital market linkages and investment flows between Africa and Asia. NGX Group Chairman, Dr Umaru Kwairanga, made the call after meeting HKEX officials in Hong Kong. He described the Hong Kong exchange as a…
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AUDITOR-GENERAL UNCOVERS $19.3M IRREGULAR CHARGES AT GHANA’S U.S EMBASSY
A forensic audit by Ghana’s Auditor-General has uncovered about $19.37 million in irregular charges paid by visa and passport applicants at Ghana’s Embassy in Washington, D.C., between 2019 and 2025. The audit found that applicants were redirected from the Embassy’s official website to privately controlled platforms, where they paid additional fees for passport and visa…
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NIA UNVEILS FIVE-YEAR PLAN TO BOOST INSURANCE UPTAKE IN NIGERIA
The Nigerian Insurers Association (NIA) has unveiled a five-year strategy aimed at increasing insurance penetration and strengthening public confidence in Nigeria’s insurance industry. The NIA Chairman, Mrs Ebelechukwu Nwachukwu, said the strategy would be implemented through an Awareness, Capacity Building and Enforcement (ACE) agenda designed to move the industry from potential to stronger performance. Under…
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TAX OMBUD MOVES TO TACKLE MULTIPLE TAXATION, BOOST TAXPAYER CONFIDENCE
The Office of the Tax Ombud (OTO) has intensified efforts to tackle multiple taxation and other challenges affecting taxpayer confidence in Nigeria’s tax administration. The Tax Ombud and Chief Executive Officer, Dr John Nwabueze, disclosed this at the office’s third-quarter Breakfast Meeting with newsmen in Lagos. He said the OTO was strengthening its mediation and…
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DIGITISATION NOW ESSENTIAL FOR BUSINESS GROWTH, FinTechNGR TELLS NIGERIAN FIRMS
The FinTech Association of Nigeria (FintechNGR) has urged business leaders to make digital transformation a boardroom priority, describing digitisation as the minimum requirement for business relevance in today’s economy. Speaking at the maiden Nigerian-British Chamber of Commerce (NBCC) Business Innovation Series in Lagos, FintechNGR President, Dr Stanley Jacob, said companies that fail to embed digital…
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NIA COMMENDS NAICOM’S TRANSPARENCY IN RECAPITALISATION, BACKS INDUSTRY REFORMS
The Nigerian Insurers Association (NIA) has praised the National Insurance Commission (NAICOM) for the transparent and structured implementation of the insurance industry’s recapitalisation exercise. NIA Chairman, Mrs Ebelechukwu Nwachukwu, said the process, conducted under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, provided operators with clear guidelines, defined timelines and rigorous regulatory oversight. Nwachukwu described…
