MTN Nigeria 2024 losses widen to ₦400 billion in two years
MTN Nigeria reported a ₦400.44 billion loss after tax for the full year of 2024. The company experienced a 70% currency plunge following President Bola Ahmed Tinubu’s election.
Nigeria Moves to Tax Cryptocurrency Transactions
Nigeria is amending regulations to tax cryptocurrency trading and digitized transactions. The SEC is drafting new rules to ensure transactions on regulated exchanges are taxed.
Nigeria’s new inflation figures fall to 24.48%, after rebasing exercise
Nigeria's headline inflation dropped to 24.48% from 34.80% after a rebasing exercise. The rebasing updated the basket of goods from 740 to 960 items.
AWS now accepts payments in Naira, easing cloud access for Nigerian businesses
AWS will now accept payments in Naira, responding to local demand. The devaluation of the Naira has increased dollar-based cloud costs by over 114%.
