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Business Cryptocurrency Currency Top Story

Nigerian SEC proposes new law for crypto influencers: Penalties include fines and jail time

The Nigerian Securities and Exchange Commission (SEC), under the leadership of Dr. Emomotimi Agama, has proposed a new law aimed at regulating the activities of crypto influencers. The law, set to take effect on June 30, 2025, requires all crypto platforms or Virtual Assets Service Providers (VASPs) to obtain a license from the SEC before Read More…

Business Taxes & Duties Top Story

FIRS announces tax amnesty, offers concession on penalties and interests

The Federal Inland Revenue Service (FIRS) has introduced a significant measure, approving amnesty on penalties and interests linked to outstanding tax liabilities, as confirmed by the Chairman of FIRS, Zacch Adedeji, in a statement issued on Sunday in Abuja. Recognising the financial challenges faced by taxpayers in fulfilling their tax obligations, the FIRS has opted Read More…