News
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GCR Places Union Bank of Nigeria Plc on Ratings Watch Negative
Rating action GCR Ratings (GCR) has placed Union Bank of Nigeria Plc on Rating Watch Negative following the dissolution of…
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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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US to return $8.9m looted under Jonathan to Nigeria16th January 2024
A Royal Court in Jersey, United States, has reportedly ruled that stolen assets worth £6.9m ($8.9m) be repatriated to Nigeria.…
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*GTB – Pain, pettiness, inordinate ambition and a wobbled vision
When I got the news that its beautiful MD didn’t attend the 70th birthday of iconic and influential Co Founder,…
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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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Electricity: DisCos’ revenue collection rises 30% to N782.74bn
IN spite of ongoing epileptic power supply across the country, revenue collection by eleven electricity distribution companies, DisCos rose by 30…
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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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