Budgeting Economy News Extra Latest News Revenue Tax

Nigeria’s Economy To Rebound In Q1 2020 – Ahmed

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed,has projected that based on current micro and macroeconomic indices of the nation’s economy, there are strong indications that the nation’s economy would rebound in the first quarter of next year. The past few months had been challenging for the federal government as the devastating […]

Budgeting Economy News Extra Latest News Revenue Tax

Bayelsa Inaugurates Tax Advisory Committee To Boost IGR

Determined to boost its internally generated revenue (IGR) collections for sustainable development, Bayelsa State Government has constituted a tax advisory committee headed by the state Deputy Governor, Senator Lawrence Ewhrudjakpo. The committee, which was constituted during the fourth executive council meeting held in Yenagoa, was charged with the responsibility of identifying all non-oil revenue sources […]

Economy News Extra Foreign Health & Environment Investments/Capital Market Latest News

Nigeria, Others Require $1.2Trn For Citizens’ Social Protection – ILO

The International Labour Organisation (ILO) on Thursday said that to guarantee at least basic income security and access to essential health care for all in 2020 alone, developing countries should invest approximately US$1.2 trillion, representing on average 3.8 per cent of their GDP. The global labour organization in its latest Policy brief, noted that since […]

Banking Economy News Extra Investments/Capital Market Latest News

Investors Lose N4Bn As Bulls’ Hold On Market Weakens

Nigeria’s capital market trading session ended sluggishly on Tuesday with the market capitalisation dipping by N4 billion to N13.354 trillion as against preceding day’s bullish trend which pushed the capitalization value to N13.358 trillion. At the close of the day’s trading session, the Nigerian Stock Exchange’s (NSE’s) All-Share Index (ASI) dropped by 0.03 percent to […]

Agriculture & Agribusiness Economy News Extra Latest News Political Economy

Nigeria’s Inflation Hits 13.22% In August, Highest In 28 Months

As predicted by many economic analysts, Nigeria’s consumer price index, (CPI) which measures inflation, increased by 13.22 percent (year-on-year) in August 2020, representing 0.40 percent points higher than the 12.82 percent rate recorded in the preceding month. According to the National Bureau of Statistics (NBS), the publisher of the report, the August CPI rate, which […]

Economy News Extra Foreign Latest News Political Economy Science 'n' Technology

Asia’s Economy To Shrink, First Time Since 1960s

As the impact of the novel COVID-19 pandemic on global economic landscape continues to hamper productive activities across geo-political zones worldwide, Asia’s economy has been projected to contract with many of the countries plunging into deficit growth for the first time over six decades. This is even as the level of output next year still […]

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Ghana Revenue Authority Optimistic On Surpassing ¢42Bn Target

Ghana Revenue Authority (GRA) on Monday assured the fiscal authorities of its determination to meet its ¢42 billion revised revenue target for the 2020 financial year, despite the huge constraints the COVID-19 pandemic posed to businesses in the country. At the end of last month, the country had realised about ¢26 billion from domestic tax […]

Economy News Extra Latest News Oil & Gas Political Economy

IEA Revises Global Oil Demand Downward To 91.7MBD

The International Energy Agency (IEA) on Tuesday revised downward its 2020 oil demand forecast, citing caution about the pace of economic recovery from the pandemic as a major factor for the review. The Paris-based agency expects demand to fall even further by 8.4 million barrels per day in 2020, compared to its earlier estimate of […]

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AfreximBank, ITFC, ARSO Partner On Harmonisation Of Health Devices Standards

The African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC), have partnered with the African Organisation for Standardisation (ARSO), to launch a new Arab-Africa Trade Bridges Program (AATB) initiative called the Harmonisation of Standards for Pharmaceutical and Medical Devices in Africa. A news report on the initiative sourced from Africa Press Organisation […]