Fed Govt Generates N1.09trn From Indirect Taxes   The Federal Government received N1.09tn from indirect taxes in the first two quarters of 2022, according to data from the National Bureau of Statistics. This represents a 10.29 per cent increase from N984.33bn obtained...

Amid Crisis, Aviation Sector’s GDP Declines By 61%   The foreign exchange and fuel crises that have plagued the aviation sector seem to have led to a decline in the sector’s contribution to the Gross Domestic Product by 61.47 per cent. The...

Farmers’ Production Costs Rise By 70% On Tariffs   Experts, including farmers, have said that duties payable on imported agricultural products are partly responsible for the hike in the production costs of players in the sector by up to 70 per...

Market Records N15.3bn Turnover As Banks, Insurance Stocks Lead   High volume transactions in the stocks of some banks and insurance companies, last week, lifted the volume of shares traded as 914.4 million shares valued at N15.3 billion were exchanged in...

After Privatisation, DisCos’ Capacity Increases By 19%   The capacity of the 11 electricity distribution companies, otherwise known as the DisCos, to absorb more power generated by generating companies, GenCos, grew by a mere 18 per cent since the sector was...

Report: Nigeria’s Foreign Missions Spending Funds Illegally – Auditor-General   The House of Representatives’ Committee on Public Accounts has commenced investigation of extra-budgetary spending by Nigeria’s foreign missions and their refusal to remit Internally Generated Revenue despite cries of paucity of...