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, […]
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Oando Announces Approval of the Acquisition of 100% Shares of Nigerian Agip
July 25, 2024/NGX Oando Plc, Nigeria’s Indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange, is pleased to announce that Eni has received formal consent from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for the sale of 100% of the shares of Nigerian Agip […]
Airtel Africa Q1 2025: Reduced FX Loss Drives Return to Profitability
July 25, 2025/CSL Research Airtel Africa’s Q1 2025 financials showed a decline in Revenue by 16.0%, dropping to US$1.16bn from US$1.38 billion in Q1 2024. However, on a q/q basis, total Revenue grew marginally by 3.4%, up from US$1.12 billion in Q4 2024. The y/y decline in Revenue was attributed […]
