Premier Cool, PalmPay Launch N100m ‘10K for 10K’ Promo to Reward 10,000 Nigerians Premier Cool, one of Nigeria’s most recognised antibacterial cooling bar soap brands, has partnered with digital banking platform PalmPay to launch a nationwide consumer promotion called “10K for 10K”, aimed at rewarding everyday Nigerians with instant cash rewards. The campaign, which runs from January 12 to April 11, 2026, will reward 10,000 Nigerians with ₦10,000 each, distributing a total of ₦100 million in cash prizes. Winners will be selected and paid instantly into their PalmPay wallets, with approximately 111 winners chosen daily throughout the three-month period. How…
Author: FinTech Today
Why Technology-Enabled Banking Is a Multiplier for Nigeria’s 2036 Development Goal The FairMoney Perspective As Nigeria looks toward its long-term development ambitions under Vision 2036, one truth is becoming increasingly clear: technology-enabled banking is not just a support system—it is a multiplier. From financial inclusion and SME growth to job creation and economic resilience, digital banking platforms such as FairMoney are redefining how capital flows across Africa’s largest economy. Nigeria’s ability to achieve sustainable growth by 2036 will depend heavily on how effectively it leverages financial technology, data, and digital infrastructure to unlock productivity across sectors. Understanding Nigeria’s 2036 Vision…
New Tax Law in Nigeria: Companies Face ₦5 Million Penalty for Contracts Awarded to Unregistered Persons LAGOS, NIGERIA – In a significant move to enhance tax compliance and streamline fiscal administration, Nigeria’s newly enacted tax regime introduces stringent penalties for non-compliance. Effective from January 2026, companies and government agencies that award contracts to unregistered taxable persons could face an administrative penalty of ₦5 million. This provision, outlined in Section 100(1) of the Nigeria Tax Administration Act 2025, aims to enforce mandatory tax registration and promote transparency across business transactions. The reform is part of a broader package of four key…
New Year: Expectations Mixed as Nigeria Prepares for Sweeping Tax Reforms As Nigeria enters the New Year, public expectations are mixed over the imminent rollout of one of the most comprehensive tax reform efforts in decades. Set to begin on January 1, 2026, the federal government’s sweeping changes to the nation’s tax system have sparked both optimism and concern across various sectors of society. What the Reforms Involve The overhaul stems from four key pieces of legislation passed in June 2025 and later officially gazetted. These laws — the Nigeria Tax Act, 2025, Nigeria Tax Administration Act, 2025, Nigeria Revenue…
Nigeria’s Allegedly ‘Forged’ Tax Laws, Growing Uncertainty – and What Comes Next for Tech Workers By FintechTodayNews Nigeria’s technology workforce is facing a growing wave of uncertainty as controversial tax policies – labelled by some critics as “forged” or hastily implemented – stir confusion across the tech community. From software developers and digital creators to startups and foreign investors, professionals are asking: What’s coming next? In this article, we break down the tax controversy, its impact on tech workers, and the possible trajectory for Nigeria’s innovation economy. What Are the Allegations About Nigeria’s Tax Laws? Recent reports and industry commentary…
The Anti-Herd: 12 Deals That Defied Africa’s Tech Funding Playbook in 2025 In a year defined by record funding flows into familiar categories like fintech and e-commerce, a handful of contrarian deals in 2025 upended conventional wisdom about where venture capital should flow in Africa. These “anti-herd” investments backed sectors and geographies often overlooked by mainstream investors — from semiconductors and biotech to EdTech and aggrotech — showing that capital isn’t always predictable, even in a bullish year for the continent’s startup ecosystem. Across Africa in 2025, most venture capital concentrated on established plays such as payments infrastructure, digital banks,…
Africa’s Most Notable Tech Deal Collapses in 2025 In a surprising twist for the continent’s technology ecosystem, one of Africa’s most high-profile tech deals of 2025 failed to materialize, underscoring ongoing challenges even amid record fundraising and growing investor interest. Sources within the African tech community confirm that despite a surge in M&A activity this year, several headline deals never crossed the finish line with one particularly notable acquisition falling apart entirely. A Promising Year For Deals — and Disappointments 2025 marked a milestone for African startup investment, with total fundraising rising to around $3 billion as venture deals and…