FG Targets More Tax Revenue as Global Rates Rise   The Federal Government has said it will focus more on domestic resources mobilisation with a focus on a more efficient collection of taxes, fees and payments that are due to the government. The Minister of Finance and...

'Swap Africa Debt with climate change pains from USA, India, UK and China' A Senator from Nigeria, Jimoh Ibrahim at the Global Parliamentary forum of the World Bank/IMF has suggested to the World Bank that African debt, particularly Nigeria, be swapped for the pains of...

Nigeria Borrowed $1.21bn as 28 States Failed to Attract Foreign Investments     Nigeria relied on foreign borrowing ($1.21bn) to boost its capital importation in the first six months of 2023. This is as 28 states failed to attract any foreign investments in the time under review, according...

W’Bank Cautions CBN Against FX Control, Direct Lending The World Bank on Wednesday advised the Central Banks of Nigeria, Ethiopia, and Uganda to refrain from unconventional measures that might undermine their monetary policies. According to the Washington Bank, these measures include “monetizing the fiscal deficit, direct...

World Bank Tasks Nigeria, Others to Reform Private Sector, Create Jobs The World Bank has urged Nigeria and other countries in sub-Saharan Africa (SSA) to ensure cost-effective private sector reforms, uniform policy enforcement across firm sizes and regulatory alignment with regional trading partners among other...

Naira Falls 40%, Among Worst Currencies in Africa, Says W’Bank The Nigerian naira is among the worst-performing currencies in Africa, weakened by nearly 40 per cent against the US dollar since a mid-June devaluation, says the World Bank. The global bank explained in its report titled,...