How Tax Affects Small Businesses in Nigeria: Challenges, Compliance, and Strategies for Growth Yet, taxation often feels like a heavy burden, influencing everything from daily cash flow to long-term expansion plans. With the recent enactment of the Nigeria Tax Act 2025, which introduces reforms aimed at simplifying compliance and boosting revenue, small business owners must adapt to avoid penalties while capitalizing on new incentives. This article delves into the real-world effects of tax on small businesses, drawing from credible sources like the Federal Inland Revenue Service (FIRS) and PwC reports, and provides practical strategies to turn tax obligations into growth…
Author: FinTech Today
CAC to Shut Down Unregistered PoS Operators by January 2026 Nigeria’s Corporate Affairs Commission (CAC) has issued a strict new directive ordering all point-of-sale (PoS) operators to register their businesses before January 1, 2026 — or face nationwide enforcement actions, including the seizure of unregistered PoS terminals. The move marks one of the government’s strongest efforts yet to formalise Nigeria’s rapidly expanding PoS and agent-banking sector. It also piles fresh compliance pressure on fintech companies that deploy and manage large agent networks across the country. CAC: Unregistered PoS Operators are a Risk to the Financial System In a public notice…
Africa Bitcoin Corporation Appoints Dr. Saifedean Ammous as Strategic Bitcoin Advisor Africa Bitcoin Corporation (ABC) has announced the appointment of Dr. Saifedean Ammous as its Strategic Bitcoin Advisor, marking a pivotal moment for the company’s expansion and for the broader adoption of Bitcoin-based financial frameworks across Africa. Dr. Ammous — renowned economist, leading Bitcoin theorist, and bestselling author of The Bitcoin Standard and The Fiat Standard — will steer ABC’s long-term Bitcoin treasury and reserve strategy. His involvement signals a strengthening commitment by ABC to anchor its financial operations and growth model on sound-money principles rooted in Bitcoin. A Strategic…
MTN Nigeria Disburses ₦100 Million to 20 Startups Under Cloud Accelerator Programme In a bold move to support African innovation and digital entrepreneurship, MTN Nigeria has disbursed a total of ₦100 million to 20 selected startups under its newly launched MTN Cloud Accelerator. Legit.ng What the Cloud Accelerator offers Each of the 20 startups in the first cohort receives an equity-free grant of ₦5 million. (Brand Network Beyond the grant, participants gain access to MTN’s cloud credits and infrastructure, plus integration with MTN’s ecosystem APIs — including payment, cloud-services, and more. Startups will also benefit from structured mentorship, go-to-market support,…
Useful WhatsApp Features You Might Not Know Lock individual chats — you can hide a chat behind a passcode, Face ID / fingerprint, or biometric lock so that only you can open it. (mint) Self-destructing / Disappearing messages — messages in a chat or group can be set to auto-delete after a given period. (وردنا) Voice-note transcription — when you receive audio voice notes, WhatsApp can transcribe them to text so you can read instead of listening (especially useful when you’re in public). Silence unknown callers — you can silence calls from unsaved or unknown numbers to reduce spam or…
Chowdeck hits nearly $1 million in Black Friday food delivery sales – a milestone for Nigeria’s convenience economy Nigeria’s food-delivery scene just got a major boost: Chowdeck recorded ₦1.4 billion (~US $975,909) in sales during its 2025 Black Friday event. The promotional blitz, which ran from Friday, November 28 to Monday, December 1 across cities including Lagos, Abuja, and Ibadan, included discounted meals, free-delivery vouchers, and flash-price drops — enough to blow past internal targets. By 9:08 pm WAT on November 28, the platform had already fulfilled 51,000 orders — more than double its order volume during its first Black…
64% of African workers used AI last year — Africa outpaces global average In a striking indicator of Africa’s accelerating digital transformation, 64% of African workers reported using artificial intelligence (AI) at work in the past 12 months, significantly ahead of the global average of 54%. (TechCabal) The numbers come from the PricewaterhouseCoopers (PwC) 2025 Africa Workforce Hopes & Fears Survey 2025, which sampled 1,753 workers across five African countries: Algeria, Kenya, Morocco, Nigeria, and South Africa — part of a global survey covering 49,843 workers in 48 countries and 28 sectors. This data point may seem like a bold…