Finance & Economy
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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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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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Nigerian Banking Sector 2024 Full Year Outlook – On the Cusp of a New Dawn
Banking earnings touched new highs in 9M’23, aided by material revaluation gains driven by the policy reforms on FX management…
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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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