5% Excise Duty: Telecom Firms Reject Proposed Reintroduction   The Association of Telecommunications Companies of Nigeria, ATCON, has rejected plans by the Federal Government to reintroduce a five percent excise duty on the telecommunications sector, warning that the move could significantly burden the industry. On July 6,...

FG Records Tax Revenue Windfall, Banks’ Tax Rises by 109.6%   There are indications that the Federal Government is having great times in its finances as its revenue from Value Added Tax (VAT) and Company Income Tax (CIT) rose by 85 per cent year-on-year, YoY, to...

FG Records $5bn FDI as 11 Investment Picks Shun Nigeria   President Bola Tinubu and Vice President Kashim Shettima undertook 41 trips across 23 countries in their first 17 months in office, spending 180 days, equivalent to six months, on foreign engagements. Analysis shows that Tinubu, with...

How Nigeria Lost N13trn to Forex Subsidy — World Bank   The Federal Government incurred a significant loss of N13.2tn in foregone revenue as a direct consequence of the implementation of its foreign exchange subsidy policy between 2021 and 2023, the World Bank has stated. It said...

After IMTOs Engagement, Remittances Rose to Almost $600m in September – Cardoso The Central Bank of Nigeria (CBN) says remittance inflows rose to almost $600 million as of the end of September. Olayemi Cardoso, CBN governor, announced at a special summit dinner organised by the Nigerian...

During the 30th Nigeria Economic Summit in Abuja, Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), stated that increasing financial inclusion for women is a top priority.