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Business and Economy

Banks taxed 50% FX gains in proposed 2023 Finance Act amendment

NIGERIAN banks would be taxed 50 per cent of their recorded gains in "foreign exchange (FX) revaluation" in 2023,...
Harrison EDEH -
Banking and Finance

FIRS directs banks to deduct stamp duty charges on mortgages

THE Federal Inland Revenue Service (FIRS) has reportedly asked the Nigerian banks to deduct a 0.375 per cent stamp...
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News

Kenyan police arrest Binance executive who fled Nigeria

THE Kenya Police Service has arrested a Binance executive, Nadeem Anjarwalla, who escaped from custody in Nigeria on March...
Bankole ABE -
Judiciary

Court adjourns Binance executive tax evasion case

THE Federal High Court (FHC), Abuja, has adjourned a tax evasion case involving Binance Holdings Limited and two of...
Bankole ABE -
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Tax and Taxation

Tax evasion: Nigerian Government files charges against Binance

THE Federal Government, through the  Federal Inland Revenue Service (FIRS), has filed criminal charges against a leading cryptocurrency exchange platform, Binance,...
Bankole ABE -
Business and Economy

Why naira value continues to fall – CBN

THE Central Bank of Nigeria (CBN) has explained the reason for the constant depreciation of the value of the...
Harrison EDEH -
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