Foreign Trade Payments in LC Drop by 146% to $434.05m
Foreign Trade Payments in LC Drop by 146% to $434.05m
Nigeria’s foreign trade payments through Letter of Credit (LC) fell by 146.5 percent year-on-year (YoY)...
Nigeria’s Total Debt May Hit N170trn as FG Plans to Borrow Fresh N31trn
Nigeria's Total Debt May Hit N170trn as FG Plans to Borrow Fresh N31trn
The Federal Government plans to allocate a significant portion of its budget...
Customer Deposits in Eight Banks Now N85trn
Customer Deposits in Eight Banks Now N85trn
Customer deposits in eight Deposit Money Banks reached N85.58tn in the third quarter of 2024, a 12.2 per...
Nigeria Remains Third-Largest Debtor to IDA With $17bn
Nigeria Remains Third-Largest Debtor to IDA With $17bn
Nigeria has retained its position as the third-largest debtor to the World Bank’s International Development Association (IDA)...
Passenger Luggage: Delay Will Now Attract $170, N10,000 Fines – NCAA
Passenger Luggage: Delay Will Now Attract $170, N10,000 Fines – NCAA
The Nigeria Civil Aviation Authority (NCAA) has vowed to take tough measures against airlines...
Foreign Exchange Policy, Interest Rate Increase Foreign Portfolio Investment by 170%
Foreign Exchange Policy, Interest Rate Increase Foreign Portfolio Investment by 170%
The Central Bank of Nigeria (CBN) high interest rate regime and foreign exchange policy...
Customs Impounds 67,000 Litres of PMS Worth N84m
Customs Impounds 67,000 Litres of PMS Worth N84m
Amid the fuel hike in fuel price in Nigeria, Operation Whirlwind of the Nigeria Customs Service (NCS)...
Weak Purchasing Power Pushes Unsold Goods to N1.24trn, MAN Reveals
Weak Purchasing Power Pushes Unsold Goods to N1.24trn, MAN Reveals
The Manufacturers Association of Nigeria (MAN) has stated its unsold manufactured goods have reached a...
Dangote named most tax complaint business organizations by FIRS
Dangote named most tax complaint business organizations by FIRS
It was a season of award at the weekend for the Dangote Group and its subsidiaries...
Tax Bills not Threat to Govt Agencies – FIRS
Tax Bills not Threat to Govt Agencies – FIRS
Zacch Adedeji, Chairman of the Federal Inland Revenue Service, has dismissed concerns that the four tax...
Currency Outside Banks Increases by 66% – CBN
Currency Outside Banks Increases by 66% – CBN
Currency outside banks surged by 66.2 per cent in September 2024, reaching N4.02tn compared to N2.42tn in...
FG Offers Nine-month Window for Forex Deposit without Tax, Scrutiny
FG Offers Nine-month Window for Forex Deposit without Tax, Scrutin
The Federal Government on Thursday announced a nine-month programme beginning on October 31, 2024, that...
Northern Govs Reject Tinubu’s Planned Tax Hike
Northern Govs Reject Tinubu’s Planned Tax Hike
The 19 state governors in the Northern region have aired their strong displeasure on the recent Tax Reform...
FCT, States Generated N2.43trn IGR – NBS
FCT, States Generated N2.43trn IGR - NBS
The Federal Capital Territory (FCT) and the 36 states of the federation generated N2.43trillion Internally Generated Revenue (IGR)...
Inflation Will Remain Substantially Higher in Nigeria, Other Oil Exporting Countries in 2025 –...
Inflation Will Remain Substantially Higher in Nigeria, Other Oil Exporting Countries in 2025 - IMF
The International Monetary Fund (IMF) has projected that with further...
Report Reveals FG spent N29bn to Repair Damaged Power Towers
Report Reveals FG spent N29bn to Repair Damaged Power Towers
The Federal Government, through the Transmission Company of Nigeria (TCN) has spent a total sum...
FG Needs N19trn to Complete 2,604 Ongoing Projects – Minister
FG Needs N19trn to Complete 2,604 Ongoing Projects - Minister
The Minister of Works, David Umahi, has stated that the financial requirements to successfully complete...
Nigeria Eyes $1bn Monthly from US Diaspora Bond – Cardoso
Nigeria Eyes $1bn Monthly from US Diaspora Bond – Cardoso
Nigeria is contemplating launching a diaspora bond in the United States in a bid to...
Nigeria Lost Over $500m to Cybercrime In 2022 – EFCC
Nigeria Lost Over $500m To Cybercrime In 2022 – EFCC
The Economic and Financial Crimes Commission (EFCC) has raised the alarm over the dangers of...
5% Excise Duty: Telecom Firms Reject Proposed Reintroduction
5% Excise Duty: Telecom Firms Reject Proposed Reintroduction
The Association of Telecommunications Companies of Nigeria, ATCON, has rejected plans by the Federal Government to reintroduce...
