…..As Guinness commits to investing more in Nigeria The Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has said that President Bola Tinubu has a strategic plan that is being rigorously followed to take the country out of the current economic challenges and reposition it on the path of sustainable development in […]
Researchers at Bankcorp Securities Limited, a leading investment research and consulting services providing company, have projected that trading on the Nigerian Exchange (NGX) this week will be flattish, with a predominant bearish sentiment characterizing the sessions. The experts, in the firm’s ‘Weekly Stock Recommendation: Mar 25 to Mar 29, 2024’ circulated to our correspondent on […]
The Federal Government has initiated criminal proceedings against Binance, a cryptocurrency exchange platform, in a decisive move aimed at upholding fiscal responsibility and safeguarding the economic integrity of the country, The criminal proceeding charges, filed at the Federal High Court in Abuja, were announced by the Federal Inland Revenue Service (FIRS) in a statement issued […]
The Debt Management Office (DMO) at the weekend disclosed that Nigeria’s Public debt stock rose to N97.341 trillion or $108.229 billion as at December 31, 2023, representing an increase of N9.43 trillion when compared to the debt reported at the end of the third quarter of the year. The Office, in a Notice issued last […]
The Federation Account Allocation Committee (FAAC) has shared a total sum of N 1,152.756 billion the Federal Government, States and Local Government Councils out of the revenues that accrued to the Federation Account in February this year The revenue was shared at the March 2024 FAAC meeting chaired by the Minister of Finance and Coordinating Minister […]
President Bola Tinubu has written to the National Assembly for the extension of the 2023 capital budget implementation timeline from March 31, 2024, to June 30, 2024. The Speaker of the House of Representatives, Hon. Abbas Tajudeen, read the letter from the President on Wednesday during the plenary session. According to the President, the extension […]
The Acting Head of Infrastructure South Africa (ISA), Mameetse Masemola, has estimated that the country will need nearly $5.7 trillion to close the infrastructure investment gap between now and year 2050. The ISA’s boss gave this estimate in a statement issued during the Sustainable Infrastructure Development Symposium South Africa (SIDSSA) on Monday. During a media […]
…As Diesel Price Rises By 50.20% Motorists and other Premium Motor Spirit (Petrol) consumers in the country paid an average retail price of N679.36 per litre in February this year, compared to the N263.76 they paid for the same quantity of in February 2023, representing a 157.57% increase in the commodity’s price. The National Bureau […]
The Nigeria Customs Service (NCS) and the Joint Tax Board (JTB) have signed a Memorandum on Understanding (MoU) aimed at strengthening their collaboration in the current drive by the fiscal authorities to enhance tax administration at all tiers of government in the country. The deal was sequel to an earlier meeting held on the 16 […]
The Bank of Japan has ended eight years of negative interest rates and other remnants of its unorthodox policy, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus. News reports on the BoJ’s latest policy on Tuesday indicated that while the move was Japan’s first interest rate […]