Nigeria’s Per Capita Income May Hit 40-year Low – W/Bank       The World Bank said on Monday that Nigeria’s per capita income could fall in 2020 to its lowest level in 40 years. The bank also raised concern about the debt service cost being incurred by the...

Nigeria’s Economy On Track Despite Recession – FG         The Federal Government has said that Nigeria's economy is still on track despite another recession the country entered into last Saturday. Finance, Budget and National Planning Minister, Mrs Zainab Ahmed stated this at the start of the 26th...

Recession: PDP wants FG to Allow Free Market Economy         The Peoples Democratic Party(PDP) has advised the Federal Government to permit a free market economy that will allow Nigerians actively participate in the economic space to boost productive sectors. Mr Kola Ologbondiyan, PDP's National Publicity Secretary in...

Income Tax Revenue Lags Behind Fed Govt Projections         Amidst various pressures on the Federal Government’s finances and 2020 budget’s revenue estimates, an indication has emerged that the government has already recorded a 25.3 per cent shortfall in Company Income Tax, CIT, in the first six...

Fed Govt Secures $72m For States On Land Development         The Federal Government has secured $2m each for the 36 states of the federation to develop their land information system through a World Bank funded programme. Minister of Science and Technology, Ogbonaya Onu, disclosed this in Abuja...

NNPC Petrol Sales Revenue Drops Despite Price Hike       The volume of petrol sold by the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, dropped in the first two consecutive months of price hike, latest data from the NNPC have shown. The PPMC...