Nigeria’s VAT Performance Lowest In West Africa – FG   The Federal Government, on Tuesday, raised concern over the performance of the Value Added Tax (VAT) in Nigeria as the lowest in the West African region. While describing the development as worrisome, the government stressed the need...

Stock Investors Gain N1.93trn In Two Days   Investors gained N1.93 trillion in two consecutive trading days as the stock market rose to the highest level since 2008, driven by positive responses to policy measures of the new administration led by Bola Tunubu. The impressive performance of...

We Are Not Merging Revenue Generating Agencies — Fed Govt   The federal government has disclosed that it has no plans to merge revenue-generating agencies as speculated in some sections of the media. President Bola Tinubu’s special adviser on revenue, Zacchaeus Adedeji, made the clarification during an...

Foreign Capital Inflow Increases By 44.3% To $298.8m In June   Foreign capital inflow into Nigeria increased by 44.3 per cent in June to $298.8 million, FMDQ Securities Exchange has said. The inflow “underwhelming” when compared to the pre-pandemic monthly average of $1.56 billion, analysts at FMDQ...

Deregulation: Monthly Fuel Consumption Declines By 18.5million Litres   The volume of Premium Motor Spirit, popularly called petrol, that was consumed across the country in the first half of 2023 is 11.26 billion litres, the Federal Government has said. It was, however, observed that after the removal...

Nigeria Spent Over N7.8trn On Food Importation In Six Years   Despite being touted as the food basket of Africa, Nigeria has spent over N7.8 trillion in the past six years on food import. The staggering sum, experts say, is a clear demonstration that the Nigerian government...