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Creative Sector can Generate $100bn in 2030, NESG Says

The Nigeria Economic Summit Group (NESG) has stated that the country can increase the contribution of the creative industries to its gross domestic product by 2030.

NESG Calls for VAT Hike to Sustain Govt Revenue

NESG Calls for VAT Hike to Sustain Govt Revenue The Nigeria Economic Summit Group has warned that the Federal Government could face revenue shortfalls if it does not increase the value-added tax rate as part of the ongoing tax reform process. The Chief Executive Officer of...

US Tax Reforms may Reduce FDI in Nigeria – NESG

The Nigerian Economic Summit Group (NESG) has warned that the US President, Donald Trump’s tax reforms may lead to a reduction in foreign direct investment (FDI) to Nigeria.

Nigeria, Brazil Sign $4.3bn MoU to boost Fertiliser Production

Nigeria’s Vice President, Kashim Shettima, has stated that the federal government recently signed a $4.3 billion memorandum of understanding with Brazil targeted at boosting fertiliser production and food security across the country.

CBN Survey Reveals Optimistic Outlook for Naira in 2025

CBN Survey Reveals Optimistic Outlook for Naira in 2025   According to the Central Bank of Nigeria's (CBN) December 2024 Business Expectations Survey (BES), a significant majority of respondent businesses expressed a positive outlook on the nation's macroeconomic prospects, indicating a growing sense of optimism among Nigerian firms. Precisely,...

Defer Cybersecurity Levy, NESG Urges CBN

Defer Cybersecurity Levy, NESG Urges CBN The Nigerian Economic Summit Group (NESG) has called on the Central Bank of Nigeria (CBN) to defer the newly announced 0.5% cybersecurity levy on all electronic transactions value as specified in the Cybercrime Act. NESG said this has become necessary...