Nigeria’s Fiscal Deficit to Decline in Q3, Q4 2023 — MPC Members of the Monetary Policy Committee, MPC, of the Central Bank of Nigeria (CBN) have projected a continuous decline in the federal government’s fiscal deficit in the third quarter and fourth quarter of this...

11.47m Nigerians Have Access to Electricity – NBS The number of electricity consumers rose by 200,000 from 11.27 million in the first quarter of 2023 to 11,47 million in the second quarter of the year. The National Bureau of Statistics, NBS, stated in its Nigeria’s electricity...

In Six Months, Manufacturers Pay N607bn Tax – NBS Taxes paid by manufacturers in 2023 increased by 115 per cent from N192bn in the first quarter, to N414.5bn in the second quarter. A data collated from various Company Income Tax and Value Added Tax reports published...

Oluremi Tinubu Set to Headline Nigeria Growth, Trade Summit With the current economic and security challenges, Nigeria is currently bleeding from brain drain that is occasioned by the unending exodus of skilled and young Nigerians for greener pastures outside. In a bid to stem this tide,...

N120bn USSD Debt Slowing Financial Inclusion - NCC The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, has said the banks’ N120bn Unstructured Supplementary Service Data debt owed telecommunication firms is slowing down financial inclusion. He noted that without the service, digital financial...

NGX ASI Gains Again, Crosses 68,000 Basis Points  The All-Share Index of the Nigerian Exchange Limited crossed the unprecedented level of 68,279.14 basis points barely a week after it broke a 15-year record set on March 5, 2008. The ASI rose by 1.11 per cent on...