Kenya approves Moniepoint’s acquisition of 78% stake in Sumac Microfinance Bank
The Competition Authority of Kenya (CAK) has given its approval for Moniepoint Inc.’s proposed acquisition of a 78% stake in Sumac Microfinance Bank Limited, stating that the transaction does not pose any threat to market competition or public interest. According…
Senegal aims to raise tax collection to cut reliance on external funding
Senegal plans to boost tax compliance to increase revenue and reduce reliance on financing from external sources like the International Monetary Fund, its Prime Minister Ousmane Sonko has said. The West African nation is engaging with the IMF to craft…
Brazil removes UAE from preferential tax regime list
The UAE is the leading destination for Brazilian exports among Arab countries. Abu Dhabi: Brazil has officially removed the UAE from the list of jurisdictions with preferential tax regimes, the Ministry of Finance said on Wednesday. The move marks…
Lagos raises alarm over dangerous occupation of uncompleted buildings, vows enforcement
The Lagos State Government, through the Lagos State Physical Planning Permit Authority (LASPPPA), has raised concerns over the increasing trend of residents and occupants living in buildings that are still under construction. This issue was raised by the Director of…
Ideal value of Cedi should range between GH¢10 and GH¢12 to US dollar
President John Mahama has projected that the Ghana cedi will stabilise within a band of GH¢10 to GH¢12 against the US dollar, describing it as a fair value to support both exporters and importers while maintaining macroeconomic stability. According to…
South Korean opposition wins presidency after months of political chaos
South Korea has handed a decisive victory to opposition candidate Lee Jae-myung six months after his predecessor’s martial law bid failed. The brief yet disastrous move set off huge protests and ended former president Yoon Suk Yeol’s career: impeached and…
UPDATED: Tinubu confers national honour on Bill Gates
President Bola Tinubu, on Tuesday, conferred the national honour of Commander of the Order of the Federal Republic on American billionaire philanthropist and Microsoft co-founder, Bill Gates, in Lagos. This was confirmed in a post on X (formerly Twitter) by…
Manufacturers on edge as Benin Republic emerges region’s textile hub
Nigerian manufacturers in the textile sector are worried that Benin Republic has emerged as the textile hub in West Africa. The Republic of Benin has quietly emerged as a hub for sourcing textiles for international and regional markets in…
BREAKING: Nollywood Actress Biola Adebayo Confirms Separation From Husband
Popular Nollywood actress Biola Adebayo has officially confirmed that she and her husband have separated. The shocking revelation was made via a heartfelt post on her official Instagram page on Tuesdaypast 14 months In her emotional message, she wrote:…
Nigerian sets Guinness World Record for longest trumpet playing marathon
A Nigerian trumpeter, Joshua Olusanya, known as Trumpet Influencer, has been officially confirmed by Guinness World Records as the holder of the record for the ‘Longest Marathon Playing the Trumpet’, following a previous disqualified attempt in February 2024. Olusanya’s initial…