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3232Report: Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions
https://www.digit.info/report-nigerian-finance-bill-has-provisions-allowing-govt-to-tax-crypto-transactions/
Mon, 05 Dec 2022 11:30:06 +0000https://www.digit.info/2022/12/05/report-nigerian-finance-bill-has-provisions-allowing-govt-to-tax-crypto-transactions/Read more]]>A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report has said. Nigeria is reportedly seeking to join six other countries, including two from Africa, which already levy taxes on digital asset transactions. Extracting More Revenue […]
]]>After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to ‘Market Forces’
https://www.digit.info/after-central-bank-devalues-naira-by-5-finance-minister-attributes-drop-to-market-forces/
Mon, 14 Jun 2021 18:00:14 +0000https://www.digit.info/2021/06/14/after-central-bank-devalues-naira-by-5-finance-minister-attributes-drop-to-market-forces/Read more]]>Nigerian Finance Minister Zainab Ahmed has denied widespread reports that the Central Bank of Nigeria (CBN) had sanctioned the devaluation of the local currency sometime in May 2021. Instead, she attributes the naira’s fall to the “volatility in the oil price.” Ahmed’s remarks come just a few weeks after the official naira exchange rate dropped […]
]]>Nigeria Money Printing Controvesy: CBN Governor’s Remarks Attacked, Government Denies It Financed Deficit via Money Printing
https://www.digit.info/nigeria-money-printing-controvesy-cbn-governors-remarks-attacked-government-denies-it-financed-deficit-via-money-printing/
Wed, 21 Apr 2021 02:30:05 +0000https://www.digit.info/2021/04/21/nigeria-money-printing-controvesy-cbn-governors-remarks-attacked-government-denies-it-financed-deficit-via-money-printing/Read more]]>The fallout sparked by reports that the Central Bank of Nigeria (CBN) printed over $150 million for states’ funding continued a few days after the allegations were initially made. In the latest twist, the opposition People’s Democratic Party (PDP) vice-chairman Dan Orbih said the CBN governor Godwin Emefiele’s response to the allegations is “politically motivated.” […]
A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report has said. Nigeria is reportedly seeking to join six other countries, including two from Africa, which already levy taxes on digital asset transactions. Extracting More Revenue […]
Nigerian Finance Minister Zainab Ahmed has denied widespread reports that the Central Bank of Nigeria (CBN) had sanctioned the devaluation of the local currency sometime in May 2021. Instead, she attributes the naira’s fall to the “volatility in the oil price.” Ahmed’s remarks come just a few weeks after the official naira exchange rate dropped […]
The fallout sparked by reports that the Central Bank of Nigeria (CBN) printed over $150 million for states’ funding continued a few days after the allegations were initially made. In the latest twist, the opposition People’s Democratic Party (PDP) vice-chairman Dan Orbih said the CBN governor Godwin Emefiele’s response to the allegations is “politically motivated.” […]