IMF Says Nigeria’s Economic Growth Will Drop To 3%   The International Monetary Fund (IMF) has predicted that Nigeria’s economic growth will fall from 3.2 per cent in 2023 to 3.0 per cent in 2024. This is as it retained Nigeria’s 3.2 per cent economic growth projection...

Hajj Fare: Don’t Exceed N3m, NAHCON Warns State Boards   The National Hajj Commission of Nigeria (NAHCON) yesterday cautioned state pilgrims welfare boards (SPWBs) against charging above the amount jointly agreed which is less than N3 million. The commission stated some states are announcing fares different from...

IMF To CBN: Maintain Tight Monetary Policy To Curb Inflation   The International Monetary Fund (IMF), yesterday, advised the Central Bank of Nigeria (CBN) to maintain its monetary policy-tightening mood in order to cage inflation, which jumped to 21.91 per cent as of February. The Washington-based institution,...

Reps Summon Finance Minister, AGF, Others Over $2.4bn Illegal Crude Oil Sale, Whistleblower Policy   Members of the House of Representatives ad-hoc committee investigating alleged loss of over $2.4 billion in revenue from illegal sale of 48 million barrels of crude oil export from 2015 till...

Fed Govt To End Multiple Taxation On Roads   The Federal Government on Tuesday said it is working to remove multiple taxation on roads to promote free movement of goods within the country. The government said that multiple taxation on roads was against ECOWAS rules and regulations. The...

In One Year, Contributory Pension Assets Gain N1.68trn – PenCom   The assets under the Contributory Pension Scheme rose by N1.68tn from N13.76tn as of the end of February 2022 to N15.45tn as of the end of February 2023. PenCom disclosed this in its unaudited report on...