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Finance & Markets

SEC Proposes N30m Registration Fee, N2bn Capital Requirement for Crypto Firms

• Insists operators must maintain local presence, resident chief executives The Securities and Exchange Commission (SEC) has proposed a new regulatory framework for Nigeria’s digital asset industry, prescribing registration fees

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SHC upholds sales tax default surcharge

KARACHI: The Sindh High Court has ruled that the liability to pay default surcharge under the Sindh sales tax on services law was a strict statutory obligation of a compensatory character.

Stock Market Sheds N2.1tn as Investors React to CBN’s Revised Open Market Operation Framework

*Equities sustain eight-day losing streak as investors take profit Kayode Tokede The Nigerian stock market lost about N2.1 trillion in market capitalisation last week as investors reacted to the Central

  • Nigerian stock market declines N2.1tn due to CBN's revised OMO framework
  • NGX market capitalization drops 1.33% to N154.534 trillion
  • NGX All-Share Index falls 1.35% to 239,351.16 points

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