Finance & Economy
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LCCI urges FG to amend Petroleum Profit Tax Act
The Lagos Chamber of Commerce and Industry (LCCI) has asked the Federal Government to consider amending the Petroleum Profit Tax…
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Another Large Fiscal Deficit Expected in 2023
Last week Tuesday, President Buhari approved the 2023 budget, which marks the final budget of his administration. A pattern has…
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Nigeria’s debt to GDP ratio tops 34.7% as total public debt stock rises to N67.58 trillion
Nigeria’s total public debt stock rose to N67.58 trillion as of September 2022 according to data compiled from the website…
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We’re reconsidering Buhari’s N22tn loan restructuring request —Lawan
The Senate President, Ahmed Lawan, on Tuesday said the National Assembly is currently reconsidering the President’s proposal to securitise the…
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Nigeria to pay $4 bln extra in 2023 if lawmakers reject loan-bond swap – president
– Nigeria will pay 1.8 trillion naira ($4 billion) extra interest in 2023 if parliament rejects a loan-to-bond swap request…
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President Buhari Signs Nigeria’s 2023 Budget Into Law
President Muhammadu Buhari, GCFR has signed the 2023 Nigerian Budget into law, to set in motion the January to December…
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CBN increases cash withdrawal limit to N500,000 weekly
The Central Bank of Nigeria has increased the maximum weekly limit for cash withdrawals across all channels by individuals and…
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Banks run out of new naira, demand soars
•Court declines to stop CBN withdrawal policy, Emefiele meets Reps Tuesday Mixed reactions greeted the disbursement of the new naira…
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Nigeria is in a Challenging and Deteriorating Economic Situation
Nigeria’s economic performance has weakened since the previous Nigeria Development Update (NDU) was published in June 2022 under the title…
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Nigeria’s Total Debt Stocks Rose to N44.06trn in Q3 2022
Nigeria’s Total Debt Stocks Rose to N44.06trn in Q3 2022 According to DMO, Nigeria’s total debt stock has increased to…
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