July 26, 2024/CSL Research The Nigeria Bureau of Statistics capital importation data showed the telecoms sector attracted investments worth US$ 191.57m in Q1 2024 compared to the US$22.05m recorded in Q1 2023, a significant increase of 768.74% y/y. Quarter on quarter, foreign capital inflow into the telecoms sector increased by […]

Recent discoveries in Namibia’s Orange Basin suggest it could hold up to three billion barrels of oil and 8.7 trillion cubic feet of natural gas, and the country’s total oil reserves could be nearly equal to Guyana’s at around 11 billion barrels July 26, 2024/AEC By NJ Ayuk, Executive Chairman, […]

July 25, 2024/FIRS The Federal Inland Revenue Service Nigeria (FIRS) has issued a circular to provide information and guidance to the public, taxpayers, tax practitioners, and tax officials regarding the proper tax treatment of foreign exchange transactions in accordance with relevant tax laws. This circular supersedes Information Circular No. 2024/3, […]