'Nigeria’s Inflation Rate to Hit 30% by December 2023'   Stears, a leading economic analysis and data-driven insights provider, on Tuesday announced its market-leading Pan-African inflation forecasts, projecting Nigeria’s annual inflation rate to climb steadily until year-end, closing the year at around 30 per cent, a...

FG to Implement Telecoms Tax to Boost Revenue   The Federal Government is set to implement excise duty on telecommunication services to boost its revenue base. It disclosed this in its newly released 2024-2026 Medium-Term Expenditure Framework and Fiscal Strategy Paper. It would be recalled that President Bola...

IGR: Taxes, MDA's Revenue Rakes in N1.93tn for States in 2022 - NBS The National Bureau of Statistics report shows that the total Internally Generated Revenue of states in the country marginally rose to N1.93tn in 2022. The report disclosed that the IGR figures for the...

FG Plans N26trn Borrowing, Debt Servicing to Gulp N29trn   Nigeria’s total public debt may hit N118.37tn in the next three years. The figure was based on analysing Nigeria’s current debt profile and the debt projections in the Medium Term Expenditure Framework and Fiscal Strategy Paper 2024-2026. According...

FG Generates $2bn Investments in Renewable Energy Sector The Federal Government, on Sunday, announced that it attracted over $2bn in investments in the renewable energy sector over the past decade. It announced this through the Rural Electrification Agency, adding that in advancing these achievements, it established...

Nigeria, Others to Get £150bn for Infrastructure - EU The European Union (EU) is to disburse 150 billion Euros in four years by 2027 through its Global Gateway Initiative to Nigeira and other African countries to enhance infrastructure in over eight sectors. The EU Commissioner for...