The Federal Inland Revenue Services (FIRS) realized N2,529,615,174,601.25 as various taxes between January and June 2018, according to the agency’s revenue performance report for the first half of the year, submitted …
FIRS meets 75 percent of its 2018 target Read More
For the 16th month, inflation rate continued a downward trajectory, declining from 12.48 per cent in April to 11.61 per cent in May. Meanwhile, the latest inflation figures released by …
Inflation Declines Further to 11.61% Read More
With two Executive Orders and five tax policy Amendment Bills, the Federal Government is set to reduce the tax burden on Nigerians and boost the ease of doing business. Minister …
Govt okays bills to reduce tax burden Read More
A United States-based investor, Ameri Metro Incorporation, on Monday declared its readiness to provide $10bn for the construction of speed rails in Nigeria. The firm told the Federal Government that …
Investor to provide $10bn for Nigeria’s speed rail projects Read More The oil sector’s contribution to Nigeria’s Gross Domestic Product, GDP remains below 10 per cent in Q1 figures of the nation’s GDP released by the National Bureau of Statistics in …
Nigeria’s GDP rises 1.95%, non-oil sector accounts for 90.3% Read More
The National Bureau of Statistics on Tuesday released the Consumer Price Index which measures inflation, with the index dropping from 13.34 per cent in March to 12.48 per cent in …
Inflation dropped to 12.48% – NBS Read More
Nigeria’s economy which grew by 0.8 per cent in 2017 will end this year, with a 2.1 per cent growth, the International Monetary Fund (IMF) has predicted. It, however, projected …
Nigeria’s economy to grow by 2.1 per cent, says IMF Read More
The monthly Federal Account Allocation Committee (FAAC) meeting, which began on Tuesday was inconclusive due to discrepancies of about N37.76 billion in revenue presented by the NNPC. The Accountant-General of …
FAAC Meeting Deadlocked as Minister of Finance called for Emergency meeting Read More
An American private equity firm, Milost Global Inc, is seeking to inject $1 billion to recapitalize Unity Bank Plc, one of Nigeria’s 24. According to a report, the U.S. firm …
U.S. firm to invest $1b in Unity Bank Read MoreThe nation’s external reserves hit $46bn on Friday, the Central Bank of Nigeria disclosed in a statement on Friday. The CBN said the latest figures obtained on Friday indicated that …
External reserves hit $46bn, says CBN Read MoreThe Central Bank of Nigeria, in a bid to address the acute shortage of lower denomination currencies commenced an exercise aimed at flooding the market with N100, N50, N20, N10 …
We’ll flood the market with lower naira denominations – CBN Read MoreThe Lagos State Governor, Akinwunmi Ambode, on Monday signed the 2018 Appropriation Bill of the state into law with a total budget size of N1, 046,121,181,680.00. The total budget size …
Governor Ambode signs N1.046trn budget into law Read More