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%.
Exclusive: With three years of runway left, Kippa explains why it exited agency banking
Kippa announced an $8.4m raise in September 2022 for its agency banking business, KippaPay. Kippa has decided to retreat from agency banking after the 500,000 merchants it acquired struggled due to the Nigerian economy slowing down.
