FG Offers $2.2bn Eurobonds to Three US Lenders
Nigeria is returning to the international capital markets for the first time in over two years, issuing Eurobonds to bridge its growing fiscal deficit.
According to a document presented to potential investors, the government will offer a 6.5-year...
The Grave Dangers in Tinubu’s Tax Reform: A Northerner's Perspective
By Bashir I. Bashir
The tax reform bill introduced by President Bola Ahmed Tinubu includes the controversial Section 77, which seeks to overhaul Nigeria’s tax system for improved efficiency and transparency. However, the potential implications of...
AuG Uncovers N14bn Tax Irregularities in Over 30 MDAs
A report by the Auditor-General of the Federation has unearthed tax irregularities amounting to N14.33bn across more than 30 Ministries, Departments, and Agencies.
The findings, disclosed in the Auditor-General’s Annual Report on Non-Compliance and Internal Control Weaknesses,...
We Don't Need New Taxes, We Need New Tax Payers - FIRS Boss
The Federal Inland Revenue Service (FIRS) Chairman, Dr Zacch Adedeji, has reassured Nigerians that the proposed tax reform laws are not aimed at creating new taxes but increasing the number of eligible...
CBN Raises Interest Rate to 27.50% to Combat Inflation
The Central Bank of Nigeria (CBN) has increased the interest rate by 25 basis points to 27.50% to tackle the rising inflation rate, which stood at 33.87% in October 2024.
This decision was made during the 298th...
Banks, Others Generated N2.7trn From Capital Market – SEC
The Securities and Exchange Commission (SEC) on Monday revealed that banks and other companies raised a total sum of N2.7trn from the capital market in the first 11 months of 2024.
It said the substantial sum was...
