Budgeting Latest News Oil & Gas Planning & Economic Development

Nigeria’s Oil Industry Attracted Over $60Bn FDI In 12 Yrs – Wabote

The Executive Secretary of the Nigeria Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has said that Nigeria’s oil and gas sector attracted over $60 billion Foreign Direct Investment (FDI) in the past 12 years, following the enactment and implementation of the Local Content Act.   Wabote, who gave this figure in an interview […]

Banking Foreign Exchange (Forex) Latest News Planning & Economic Development

Naira Depreciates, Exchanges At N722/$1 At Parallel Market

The Naira depreciated further early Tuesday morning at the parallel market, exchanging at  N722/$1, representing a depreciation of 1.26% from N713/$1 it traded on Monday. Information obtained from black market traders on the trading trend by our correspondent,  indicated that the Nigerian currency, however, recorded an appreciation of 0.84% at the cryptocurrency peer-to-peer (P2P) FX […]

Accounting & Financial Reports Budgeting Infrastructure & Capital Projects Latest News Planning & Economic Development Revenue Revenue Agencies Taxation

Judicious Use Of Tax Revenue Will Improve Compliance Rate – FIRS

The Federal Inland Revenue Service (FIRS), the agency responsible for federally collectible revenue administration, has said that when governments deploy tax revenues for the common good of the citizens, there is a concomitant increase in tax compliance by citizens who see the direct benefit of the taxes they pay. The Executive Chairman of the Service, […]

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