Food Importation

Food Importation Surges By 95% Despite Emergency on Food Production

Although the federal government has issued a state of emergency on food production, Nigeria’s food importation bill has surged to a five-year high in the first quarter of 2024.

EFCC Opens Case Against Sirika, Others Over Alleged N2.8bn Fraud

EFCC Opens Case Against Sirika, Others Over Alleged N2.8bn Fraud The Economic and Financial Crimes Commission (EFCC) on Monday in a Federal Capital Territory (FCT),...

FG Reportedly Considers Suspending Import Levies on Food to Curb Inflation

FG Reportedly Considers Suspending Import Levies on Food to Curb Inflation The federal government is considering suspending import duties on staple food, drugs, and other...
TAX

Govt Revenue Gets Boost with Indirect Taxes Doubling to N1.4tn Q1

Govt Revenue Gets Boost with Indirect Taxes Doubling to N1.4tn Q1 Indirect taxes on Nigerian goods surged by 101.65 per cent to N1.42 trillion in...
Senator Shehu Umar Buba

Cybersecurity Levy Aimed at Financial Institutions, Telecoms, Not Individuals- Senator Buba

He noted that the relevant section of the Cybercrime Act is very clear about the businesses that are required to pay the levy, not the citizens.
cbn

NLC, SERAP Against CBN Cybersecurity Levy

The Nigeria Labour Congress (NLC) has described the planned cybersecurity levy introduced by the Central Bank of Nigeria (CBN) on all electronic transactions has been described as another burden on Nigerians.  

Shell Paid $1.09bn In Taxes and Royalties In 2023

Mrs Abimbola Essien-Nelson, the Media Relations Manager of Shell Nigeria, revealed that the oil company has exclusively paid $1.09 billion in corporate taxes and royalties to the Nigerian Government in 2023. 
TAX

Digital Economy: 21 African Countries Enact Tax Laws on Electronic Services – PwC

Digital Economy: 21 African Countries Enact Tax Laws on Electronic Services - PwC Twenty-one African countries have enacted rules for non-resident suppliers to account for...
Wale Edun

World Bank Yet To Consider FG’s $2.25bn Loan Request – Wale Edun

World Bank Yet To Consider FG’s $2.25bn Loan Request – Wale Edun   The World Bank is yet to consider the approval of the federal government’s...
Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr Musa Adamu Aliyu (R), receiving his counterpart in the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji, who paid him a courtesy visit in his office.

ICPC, FIRS Join Forces to Tackle Tax Evasion, Target N1.9trn

ICPC, FIRS Join Forces to Tackle Tax Evasion, Target N1.9trn   The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr. Musa...
cbn

‘Remittance Task Force’ to Operate Under Cardoso’s Direct Supervision – CBN

‘Remittance Task Force’ to Operate Under Cardoso’s Direct Supervision - CBN The Central Bank of Nigeria (CBN) has announced the formation of a “Remittance Task...

IMF Forecasts 3.3% Economic Growth for Nigeria in 2024

The International Monetary Fund (IMF) has recently revised its economic growth forecast for Nigeria, increasing it from 3.0% to 3.3% for 2024.
Bello Hassan, NDIC

CBN’s N500bn Recapitalisation in Line with Global Economic Dynamic – NDIC

CBN’s N500bn Recapitalisation in Line with Global Economic Dynamic – NDIC The Nigeria Deposit Insurance Corporation (NDIC) has said the new Central Bank of Nigeria...
Food Stuffs

Pressure on Households as Food Inflation Rises to 40%

Pressure on Households as Food Inflation Rises to 40% Nigeria’s food inflation has continued on a steady rise, reaching 40.01 percent in March 2024 on...
CBN Governor, Olayemi Cardoso

Presidency Supports Cardoso On Naira Appreciation, Plans To Curb Racketeers

On Tuesday, Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, stated that the concerted efforts of the Yemi Cardoso-led Central Bank of Nigeria which aimed at steadying the naira aligned with President Bola Tinubu’s “multi-faceted approach to ridding the nation’s foreign exchange market of malign actors and sharp practices.” 

Oil: Nigeria Might Miss Out On $100 Per Barrel

Nigeria, Africa's largest oil producer, may not reap a windfall from the recent rise in oil prices at $100 per barrel. 
Federal Account Allocation Committee FAAC

FAAC Inflows Rise, 15 States Shed N118bn In Debt Stock

An increase in the money shared by the Federation Account Allocation Committee (FAAC) boosted the revenues of 15 states in the fourth quarter of last year, resulting in a decrease of N117.6 billion in total domestic debt stock. 
Wale Edun

FG Pays N4.83tn of Ways and Means Advances – Wale Edun

FG Pays N4.83tn of Ways and Means Advances – Wale Edun ‌ The federal government used part of the Nigerian Treasury Bills (NTBs) and Bonds issued...
Betta Edu, Minister of Humanitarian Affairs and Poverty Alleviation of Government of Nigeria

EduGate: EFCC Recovers N30bn, Investigates 50 Bank Accounts

EduGate: EFCC Recovers N30bn, Investigates 50 Bank Accounts The Economic and Financial Crimes Commission (EFCC) said it has recovered N30bn in the probe of the...

ICPC Recovers N5.6bn Funds For Constituency Projects From Lawmakers, Others

ICPC Recovers N5.6bn Funds For Constituency Projects From Lawmakers, Others   No fewer than 50 contractors, consultants, and staff members of Ministries, Departments, and Agencies of...
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