Group hails ‘quantum leap’ in Nigeria’s CIT returns for Q2 2024, predicts improvements in non-oil sector
The Tinubu Stakeholders Forum (TSF) has described reports by the National Bureau of Statistics (NBS) of a 150 percent increase in Company Income Tax (CIT) in the second quarter of…
Tinubu hails NBS report on trade balance, assures of strong economy
President Bola Tinubu has welcomed the National Bureau of Statistics (NBS) 's new report on the country’s trade balance. According to the report, Nigeria recorded another trade surplus in the…
FG markets $100bn creative economy growth plan to corporate Nigeria
| As minister meets investors in Lagos Following months of comprehensive planning, the Federal Government has unveiled details of its bold and strategic plans to generate at least $100 billion…
FG to remove tax on food, house rent, public transport, others – Tax committee
The chairman of the presidential committee on fiscal policy, Taiwo Oyedele, has revealed that the committee has proposed to the federal government the removal of taxes on food, public transportation,…
FG to introduce new tax law, overhaul revenue administration
Executive Chairman of the Federal Inland Revenue Service (FIRS) Mr Zacch Adedeji, has revealed plans to introduce a law that would overhaul the process of revenue administration in Nigeria next…
Forex: NAFEM records 30% rise in turnover to $4.34bn, as Naira depreciates 6%
The volume of dollar traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, increased month-on-month (MoM) by 30 percent to $4.34 billion in July from $3.33 billion in June. Analysis…
FG spends $600m on fuel importation monthly – Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the country currently spends $600m on fuel importation monthly. He stated that the high import…
Import duty waiver on rice, beans, others start next week – FG
The guidelines for the suspension of customs duty and taxes on imported food items are to commence next week, the Federal Government announced on Tuesday. In July the Federal Government…
CBN to commence FX Dutch auction system wednesday following rise in dollar demand
The Central Bank of Nigeria (CBN) says it will commence a Retail Dutch Auction System to address foreign exchange fluctuations in the country’s forex market. The apex bank disclosed this…
₦6.2tn Supplementary Budget: FG’s infrastructure investment not enough — Minister
Minister of Budget and National Planning, Atiku Bagudu on Friday said the country has not invested enough in infrastructural development. According to him, several problems being encountered recently by Nigerians…
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