Digital Economy: 21 African Countries Enact Tax Laws on Electronic Services - PwC Twenty-one African countries have enacted rules for non-resident suppliers to account for value-added tax, goods, and sales tax on electronically supplied services, a new report by PwC has revealed. According to the report,...

Bloomberg Ranks Dangote Refinery Over Europe’s Big Producers The Dangote refinery has been ranked above the 10 biggest refineries in Europe because of its capacity, according to data compiled by Bloomberg. The $20bn Dangote refinery can refine 650,000 barrels of petroleum products per day. The report stated...

PZ Cussons Repatriates £35m from Nigeria, Reviews Business Risk Multinational consumer goods company, PZ Cussons, has disclosed that it successfully repatriated £35m from Nigeria in the first 10 months of the current financial year. The firm, in a trading update on its third-quarter results issued on...

FG Revokes 924 Mineral Licences, Fine Racketeers The Federal Government through the Ministry of Solid Minerals Development has revoked 924 dormant mineral licences to enhance the mining sector’s transparency and efficiency. This action was taken as the government identified licence racketeering as one of the main...

AfDB Advocates End to $824bn Resource-backed Loans in Africa The President of the African Development Bank, Akinwumi Adesina, has said that non-transparent resource-backed loans that complicate debt resolution and compromise countries’ future growth are undermining African economic potential. According to a statement from the bank on...

The Federal Government has ordered the immediate suspension of Dana Airline pending a comprehensive audit on its fleet.