How Nigeria Can Generate N10trn Tax Revenue - W/Bank
The World Bank has advised the federal government to focus on low-hanging and revenue-yielding fruits in order to achieve substantial gains, grow Nigeria’s tax-to-GDP ratio to about seven per cent and rake in about N10 trillion...
Import Crisis Looms As External Reserves Hit 13-month Low
Nigeria’s economy could be leaning against the wind as the country’s external reserves fell to a 13-month low last week, tumbling quickly to $30 billion, the level it was between 2015 and 2017.
Last Thursday, the figure...
How Inflation Impoverishes Nigerians - NBS
The National Bureau of Statistics (NBS) has validated a World Bank’s report which stated that not less than seven million Nigerians were thrown into poverty in 2020 due to the adverse impact of rising inflation.
Head, Public Affairs and International...
CBN Digital Currency’ll Deepen Financial Inclusion, Says Rewane
Analysts at Financial Derivatives Company Limited, led by financial expert Bismarck Rewane, have said the planned introduction of a digital currency will deepen financial inclusion in the country.
They said most central banks had indicated keen interests in...
Nigeria Likely To Earn N462bn From EMT Levy In 2021
The World Bank has said Nigeria is likely to make N462bn the electronic money transfer levy as a source of stable revenue in 2021.
The multilateral institution said this in its ‘Resilience through Reforms’ report.
According to...
NDIC Tackles Rising Fintech-induced Risks In Financial Sector
Nigeria Deposit Insurance Corporation (NDIC) has stated that it is effectively collaborating with relevant stakeholders to manage risks arising from the growing adoption of financial technology (fintech) in the financial sector.
At the 2021 retreat organised by the...
