AGF Faults Capitals Gain Tax Act, Needs Amendment   The Attorney General of the Federation and Minister for Justice, Abubakar Malami, SAN, and the Chairman of the Nigerian Law Reform Commission, Prof. Jummai Audi, have said the Capital Gains Tax Act, Cap. C1 LFN, 2004 has...

Rate Hike: MAN, NECA Warn CBN on Imminent Recession, Higher Prices   The Manufacturers Association of Nigeria (MAN) and the Nigeria Employers’ Consultative Association (NECA) have said the recent increase of the Monetary Policy Rate by the Central Bank of Nigeria will compound the imminent recession...

IMF Tasks New Govt on Revenue Generation, Debt Reduction The International Monetary Fund (IMF) has urged the incoming government of President-elect, Sen. Bola Tinubu to take steps to increase the country’s revenue base. The Resident Representative, IMF Nigeria Office, Ari Aisen, who said this during a...

15-Year-old Nigerian Actually Holds Guinness World Records in Football, PRNigeria Fact-Check Reveals A 15-year-old Nigerian, Vincent Okezie, is actually a recipient of Guinness World Record in football, a PRNigeria fact-check has revealed. The fact-check confirmed a widely shared Facebook post which claimed that one 15-year-old Vincent...

DMO Says Nigeria Has Not Defaulted In Repaying Chinese Loans   The Debt Management Office (DMO) has refuted the claim by a non-governmental organisation, Socio-Economic Rights and Accountability, that Nigeria has defaulted in repaying its Chinese loans. SERAP in a statement yesterday hailed the judgement that ordered...

Currency Outside Banks Rise To N2.34trn In April   Currency outside the banks has spiked for the fourth consecutive month to N2.08trillion in April 2023, about 87.43 per cent of total currency in circulation (CIC) that closed that month under review at N2.38trilllion. The Money and Credit...