AfDB, European Bank To Bridge $2.5tn Africa’s Financing Gap
The African Development Bank Group and the European Bank for Reconstruction and Development on Monday signed a Memorandum of Understanding to promote sustainable private sector development in Africa.
In a statement issued by its Communication and External...
'Nigeria Needs $3trn For Infrastructure In 30 Years'
Agusto & Co., a rating agency and research firm, has said Nigeria has a huge infrastructural deficit and requires up to $3tn over the next 30 years to bridge this gap.
It said in a report on Monday...
Inflation Reverses 19-month Trend, Drops Marginally To 18.12%
Headline inflation fell to 18.12 percent in April representing 0.05 percent point year-on-year (YoY) decline when compared to 18.17 percent recorded in March.
This also represents the first decline in inflation since August 2019 when inflation rate stood...
CITN Decries Corruption In Tax Administration In Nigeria
The Charted Institute of Taxation of Nigeria, CITN, has attributed the low tax culture among taxable adults and businesses in Nigeria to lack of accountability and transparency in the expenditure of tax money by tiers of government.
Making...
NNPC, NPA, Others To Face Senate Panel This Week Over Unremitted N2trn
The Senate Committee on Finance has sent out invitations to heads of 60 government-owned firms to start appearing before it from this week.
They are to explain their failure to remit various funds running...
67 Aggrieved Depositors Lodged N11.7bn Complaints Against Banks – CIBN
The Chartered Institute of Bankers of Nigeria has said it received 67 petitions from depositors against banks in 2020, with claims totalling amounted to N11.7bn.
The CIBN disclosed this in its 2020 annual report, which was...
