Nigeria’s Inflation Hits 27.33% as Food Prices Soar   Nigeria’s annual inflation rate rose to 27.33 per cent in October from 26.72 per cent in the previous month, the National Bureau of Statistics (NBS) said Wednesday. The statistics office said the October 2023 headline inflation rate showed...

We're Targeting $13bn Revenue From National Assets - Finance Minister   Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun yesterday in Lagos unveiled plans to leverage the nation’s assets to generate about $13 billion annual revenue. Edun disclosed this while speaking at the...

Seme Customs Generate N8bn From Exports   The Nigeria Customs Service, Seme Area Command, said it facilitated N8bn worth of export cargoes from September till date. The Customs Area Controller in charge of the command, Timi Bomordi, said this on Tuesday while addressing journalists at the command...

Collective Investment Funds Now N2.1trn – SEC The Director General of the Securities and Exchange Commission (SEC) Lamido Yuguda, has said the amount of Collective Investment Scheme funds held in custody has hit N2.1tn as of the end of October 2023 from N1.1tn at the...

FCT Tax Reforms Targets N300bn Annual Revenue   The Federal Capital Territory (FCT) is taking steps towards boosting its revenue streams. Currently, the FCT’s Internally Generated Revenue (IGR) is around N200 billion per year. With the implementation of these new initiatives, the FCT-IRS expects to increase IGR...

Naira Crashes to N1,000 Per Dollar in Official Market Despite recent moves by the Central Bank of Nigeria to strengthen the foreign exchange market, the naira closed trading on the Investor & Exporter forex window on Thursday at N996.75/$. This is a 13.95 per cent decline...