Finance Act, Economy Recoveries Increased Company Income Tax By 35.6%   Revenue generated from Company Income Tax (CIT) has continued an uptrend, rising by 35.6 per cent Year-on-Year (Y/Y) to N532.48 billion in the first quarter ended March 2022 (Q1’22) from N392.7 billion in the corresponding...

CBN Says Nigerian Economy Contracted In November   The manufacturing and non-manufacturing Purchasing Manager’s Indices for November 2021 remained below the 50 index points at 47.3 and 47.5 index points. PMI readings above 50.0 signal an improvement in business conditions, while readings below 50.0 show a deterioration. The...

Higher Oil Prices’ll Drive Nigeria’s Economy By 2.5% In 2022 – W/Bank   The World Bank has projected a 2.5 per cent economic growth for Nigeria in 2022, and 2.8 per cent in 2023. This 2022 forecast is a slight upward review from the estimated 2.4 per...

Fed Govt Plans $100bn Nigerian-Brazil Initiative On Economy, Food Security   Vice President Yemi Osinbajo has said that the Federal Government will soon unfold the $100bn Green Imperative Nigeria-Brazil Bilateral Development Programme designed to sustain the economy through agricultural mechanisation. He stated that the initiative would make...

Nigeria To Broaden Economy Through Multilateral Financing - Buhari     President Muhammadu Buhari has given an assurance that the Nigerian government will continue to support efforts to broaden the economy through multilateral financing. The President, according to a release issued on Monday by his spokesman, Garba Shehu...

Increase In Crude Price To Boost Economy – Emefiele   Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the sustained increase in the price of crude oil would boost the Nigerian economy in 2022. A statement yesterday, said the positive outlook for the...