FG to Commence Informal Sector Taxes as it Frowns at Unfair Global Tax Rules The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has demanded an end to the unfair international tax rules skewed against developing countries. This is just as the federal government...

CBN Targets 95% Financial Inclusion By 2024   The Central Bank of Nigeria (CBN) has unveiled seven key policies and products that will aid the realisation of 95 per cent financial inclusion in Nigeria by 2024. The policies include, the revised National Financial Inclusion Strategy (3.0), the...

Emefiele Says Nigeria’s Inflation May Drop To Below 15% Next Year   The Central Bank of Nigeria is targeting a drop in the country’s inflation rate to less than 15 per cent by end-2023. The governor of the apex bank, Godwin Emefiele, stated this at the 57th...

Report Reveals Nigerians Paid N2trn Indirect Taxes In Nine Months   Amid an economic downturn and rising inflation, the tax burden on Nigerians in the first nine months of 2022 increased by N285.13bn. This is as Nigerians paid N2.01tn in indirect taxes in the period under review,...

Amid Fiscal Risks, Fed Govt Borrows N24trn From CBN   The Federal Government has borrowed N6.31tn from the Central Bank of Nigeria through Ways and Means Advances in 10 months. This has pushed the Federal Government’s borrowing from the CBN from N17.46tn in December 2021 to N23.77tn...

Insurance Sector Records 28% Growth In Q3, 2022   Insurance sector recorded 28.26 per cent growth in the third quarter of 2022, according to figures obtained from the National Bureau of Statistics. The NBS stated in its ‘Nigerian Gross Domestic Product report Q3, 2022’, that the finance...