Finance & Economy

 Nigeria lost N5trn to tax holidays granted 34 companies – Report

The Oxfam in Nigeria, Civil Society Legislative Advocacy Centre (CISLAC) and Connected Development (CODE) have said that Nigeria lost approximately…

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NBS: NUPRC, FIRS, Others Shared N53.5bn as November Collection Cost

Data from the National Bureau of Statistics (NBS) has shown that revenue-generating agencies, including the Nigerian Upstream Petroleum Regulatory Commission…

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FIRS suspends implementation of VAT guidelines

guidelines The Federal Inland Revenue Service (FIRS) has announced the postponement of the implementation guidelines for the value-added tax simplified…

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 Nigeria’s Headline Inflation Increases by 28.92% YoY in December 2023 as Food Inflation Rises by 33.93%

All Items Index In December 2023, the headline inflation rate increased to 28.92% relative to the November 2023 headline inflation…

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Economist Projects Nigeria’s Economy to Grow at 3.47% in 2024

Nigeria’s economy has been projected to grow at 3.47% in 2024. Dr Biodun Adedipe, an economist and Chief Consultant at…

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FG Reassigns 40% Shareholding in 11 Electricity Discos From BPE to MOFI

Through the Ministry of Finance, the Federal Government of Nigeria has reassigned 40% of its shareholding in the 11 electricity…

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FG plans N450bn power intervention fund

Nigerian Bulk Electricity Trading Company The Federal Government is set to spend N450bn on power interventions in 2024. This is…

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Declining portfolio investment threatens Nigeria’s FX liquidity, economic growth – KPMG Declining

The global audit, tax, and advisory services firm, KPMG, has highlighted that the decreasing trend in portfolio investment poses a…

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