'Tax Reform Bill Will Reshape Economy'
The President of the Chartered Institute of Taxation of Nigeria ( CITN) Mr Samuel Agbeluyi, has said that the recently drafted tax reform bill, now awaiting final assent from the National Assembly, has the power to transform Nigeria’s economic...
Nigeria Set to Clear IMF Loan by 2029
Nigeria is on track to fully repay its International Monetary Fund Rapid Financing Instrument loan by 2029.
The latest repayment schedule published by the Fund on its website showed that the country had secured approval for an emergency...
Tax-Exempted Firms Inject N2.53tn into Nigerian Economy - FG
The Federal Government has revealed that the 107 companies which it granted tax exemptions collectively invested N2.53tn into the Nigerian economy before securing approvals.
The companies committed to investing a substantial amount across various critical sectors of...
World Bank Forecasts 3.6% Economic Growth for Nigeria
The World Bank has projected that Nigeria’s economy will grow by 3.6 per cent in 2025, building on an estimated expansion of 3.4 per cent in 2024, as key macroeconomic reforms begin to stabilise the business environment.
The...
Ten Banks Contribute N987bn in Taxes to FG
Ten commercial banks in Nigeria paid a combined N987.40bn in corporate income tax to the Federal Government in the 2024 financial year.
This sum was disclosed in the banks’ consolidated and separate financial statements for the year ended...
'Rising Inflation May Halt Interest Rate Reduction'
Members of the Organised Private Sector have expressed fear that the recent uptick in Nigeria’s inflation rate risks shattering initial hopes of a reduced interest rate.
According to the National Bureau of Statistics, the country’s headline inflation rose to...
