FG Opens Offer For $500m Domestic Bond, Bars Cash Payment   The Federal Government, through the Debt Management Office, has opened offers for its dollar-denominated domestic bond of $500m. It was issued at an interest rate of 9.75 per cent per annum for a tenor of five...

'Banks’ Assets Rise To N121.8trn' The total assets of the banking sub-sector of Nigeria’s Financial & Professional Services Sector, has risen by 56.14 per cent to N121.8tn. This was disclosed in the State of Enterprise 2024 Report released by the EnterpriseNGR on Monday. EnterpriseNGR is a member-led...

CBN Reveals $343m Decline in External Reserves Nigeria’s foreign exchange reserves dipped by $342.97m to $36.53bn in nine days, data from the Central Bank of Nigeria on Sunday showed. The decline in the country’s foreign exchange reserves comes amid the recent sale of $876.26m to meet...

According to Capt. Samuel Caulcrick, Nigeria's flawed tax policy and the failure of the government to properly capture the economy market in the country are a few reasons why the economy would continue to be in doldrums. 

Lagos to Launch Electronic Tax Portal Mid-August The Lagos state government says it will launch its online tax platform on August 15. The platform is called the ‘Lagos Revenue Portal (LRP)’, said Abdul-Kabir Ogungbo, special adviser to Babatunde Sanwo-Olu, Lagos governor, on taxation and revenue. Ogungbo, who...

Tax Weaver on Essential Food Items Commences Next Week – Customs The Nigeria Customs Service (NCS) will begin implementation of weaver of taxes on import food items and drugs by next week. The Comptroller-General of NCS, Bashir Adeyini, announced this on Tuesday August 6, at...