Finance & Economy
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Access Holdings Plc Obtains CBN’s Approval-in-Principle to Establish a Consumer Lending Subsidiary
Access Holdings Plc is pleased to inform that it has obtained the Central Bank of Nigeria’s approval-in-principle to establish a…
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CBN Tackles FX Transactions Abuses in Clearing Liabilities Backlog
to continue settlement of verified FX backlog The Central Bank of Nigeria (CBN), in its bid to clear the backlog…
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Nigeria’s 2023 Inflation Hits 28.92%N
By global standards, Nigeria’s inflation rate is an economic wrecking ball. While Europe and the United States of America (USA)…
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Gross Official Reserves Declined by USD4.2bn in 2023
According to the data published by the CBN, Nigeria’s gross official reserves decreased by USD91.6m to USD32.9bn in Dec ’23.…
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Investors Gained N1.82trn as NGXASI Advanced by 3.39%; BDC Rate Depreciated to N1,320/USD
. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian stock market closed higher by 3,329.48 points, ending the day with a positive market…
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FIRS to boost tax revenue collection by 57% in 2024
The Federal Inland Revenue Service (FIRS) has revealed plans to significantly increase its tax revenue collection by 57% to N19.4…
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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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