Banking Budgeting Fiscal Law & Act Infrastructure & Capital Projects Investments/Capital Market Latest News National Assembly Oil & Gas Planning & Economic Development Political Economy Power/Electricity Revenue Revenue Agencies Solid Minerals Taxation Technology Telecomms Transportation

Tinubu Presents N27.5Trn 2024 Proposed Budget To National Assembly

President Bola Tinubu on Wednesday presented an Appropriation Bill of N27.5 trillion for  fiscal 2024 to the National Assembly for passage. Presenting the proposed budget tagged “Budget of Renewed Hope” to the joint session of the National Assembly, the President explained that the key thrusts of the fiscal proposal were national defence, internal security, job […]

Accounting & Financial Reports Banking Budgeting Insurance & Pension Investments/Capital Market Latest News Planning & Economic Development Revenue Taxation Technology

Africa Re Reports Net Profit of $75.4Mn In 9 Months

The African Reinsurance Corporation has announced its financial results for the first nine months of this year, which reflected a strong growth in Net Nrofit to $75.4 million and  a “remarkable improvement” compared to the loss recorded at the end of the same period of 2022. A news report from Reinsurance News, an online medium […]

Banking Budgeting E-Payment Tech & Solutions Investments/Capital Market Latest News Planning & Economic Development Political Economy Revenue Taxation Technology Telecomms Transportation

SERAP Urges World Bank To Suspend Loans To Nigeria’s 36 States

The Socio-Economic Rights and Accountability Project (SERAP), a leading civil advocacy group in Nigeria,  has urged the World Bank to suspend further loans to Nigeria’s 36 states until previous ones are accounted for. The group hinged its stance on what it termed recurring allegations of mismanagement of public funds by state governors, including loans which […]

Budgeting Fiscal Law & Act Latest News Planning & Economic Development Political Economy Revenue Taxation Technology

Nigeria, Ghana, Others Vote For Developing Nations’ Greater Roles In Tax Matters

Nigeria, Ghana, South Africa, and other countries at the United Nations (UN) on Wednesday voted for  greater roles in international tax matters in a move that may change the Organization for Economic Cooperation and Development’s (OECD’s), domineering position on the discussions for decades. Over the past years, developing nations have been pushing for a greater […]

Banking Budgeting E-Payment Tech & Solutions Latest News Planning & Economic Development Political Economy Revenue Statistics Taxation Technology Telecomms Transportation

Nigeria Records Lower GDP Growth Rates In Q1, Q2 2023 – NBS

The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s statistical system, has reported that Nigeria’s real GDP at basic prices for the first and second quarters of this year decreased when compared to the growth rates recorded in the nation’s economy in the corresponding quarters of 2022. The Bureau, in the ‘Nigerian Gross […]

Banking Budgeting Fiscal Law & Act Latest News National Assembly Planning & Economic Development Political Economy Revenue Taxation

Senate Approves 2024-2026 MTEF/FSP

The Senate on Wednesday approved the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) presented by President Bola Tinubu to it for consideration. The approval of the fiscal documents followed the adoption of the report of its Joint Committee on Finance, Appropriation, National Planning, Local and Foreign Debts at plenary. During the […]

Banking Budgeting Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development Political Economy Power/Electricity Revenue Taxation Technology Telecomms Transportation

NSIA, ZCG Seal Pact On Infrastructure Investments In Africa

The Nigeria Sovereign Investment Authority (NSIA), manager of Nigeria’s sovereign wealth fund, and Z Capital Group (ZCG), a leading private markets asset management firm, have signed a Memorandum of Understanding (MoU) on a joint venture partnership to establish a fund focused on infrastructure investments in Africa. The collaboration enables the parties to leverage the unique […]

Banking Budgeting Economy News Extra Foreign Exchange (Forex) Investments/Capital Market Latest News Planning & Economic Development Political Economy Revenue Taxation Technology Transportation

Analysts Set Agenda For FG On Dwindling Foreign Reserves

Economists at Centre for the Study of Economies of Africa (CSEA), a leading economic research and consulting services firm with special focus on trends in Sub-Saharan Africa’s (SSA’s) economies, have canvassed some fiscal and monetary policy measures for the Federal Government to implement in order to halt the dwindling foreign reserves of the country. The […]

Accounting & Financial Reports Banking Budgeting Economy News Extra Insurance & Pension Investments/Capital Market Latest News Planning & Economic Development Political Economy Revenue Revenue Agencies Statistics Taxation Technology Telecomms Transportation

Global Debt Stock Surges To $307.4Trn In Q3, 2023

A new report published by the Institute of International Finance (IIF) indicated that global debt stock reached a historic high of $307.4 trillion in the third quarter of 2023, with the debt-to-output ratio in emerging markets reaching an unprecedented level during the quarter In the latest report published on Thursday, the financial services trade group […]