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DMO Opens FG’s August Savings Bonds Offering To Investors

The Debt Management Office (DMO) has announced the opening of the Federal Government’s August savings bond offer to investors, stating that the offering will close on August 6. The DMO, in a circular posted on its website on titled ‘FG savings bond offer for subscription August, 2021’ indicated that the offering was for two-year and […]

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China Introduces VAT, Property Tax Reliefs For Residential Property Leasing

The Chinese government has announced tax reliefs for residential property leasing operators as part of its efforts to support the growth of real estate and housing sub-sector of the nation’s economy. The latest fiscal measure by the government was jointly made by the country’s Ministry of Finance, State Administration of Taxation, and Ministry of Housing […]

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NNPC Reports N234.63Bn Revenue From Refined Products’ Sales In March

The Nigerian National Petroleum Corporation (NNPC) has reported that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), generated N234.63 billion revenue from the sale of white products in the month of March 2021, representing a 24.7% increase from the N188.15billion revenue recorded from products’ sales in the previous month. The figures were contained in […]

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CSEA Cautions Against Telecoms Sector’s Overregulation, Lauds NCC’s Performance

The Centre for the Study of Economies of Africa (CSEA), an economic research firm with primary focus on Sub-Saharan Africa (SSA) economies’ trends, has advised against overregulation of Nigeria’s telecommunications sector, warning that excessive regulation may discourage private investments in the rapidly growing sector. This is even as it commended the Nigerian Communications Commission (NCC) […]

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FCMB Reports N94.2Bn Revenue, 9.4% PBT Growth In H1 2021

The FCMB Group Plc has released its unaudited interim earnings report for the first half of 2021, which reflected a gross revenue of N94.2 billion and profit before tax (PBT) of N8.9 billion. The group, in a statement issued on its financial performance during the period in review , reported an increase in its non-interest […]

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MTN Reports N215Bn PBT In 6 Months, Despite 7.6Mn Drop In Subscriber Base

MTN Nigeria Communications Plc, one of Nigeria’s leading telecommunications service providers, on Friday reported a profit before tax of N215.12 billion for the half-year ended 30 June, representing a 54.1 percent surge over its profit in the corresponding period of 2020. The telco, in its unaudited results for the half year period filed with the […]

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CSEA Urges FG On Review Of MTFF 2020-2024 Key Parameters

The Centre for the Study of Economies of Africa (CSEA), a research firm committed to evidence=based researches on Africa’s economic trends, has advised the Nigerian government to consider the option of reviewing the key parameters of the Medium-Term Fiscal Framework (MTFF) for 2022-2024 in view of historical and latest micro and macroeconomic realities in the […]

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EFCC, NEITI Seal Pact To Tackle Illegal Activities In Extractive Industries

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Abdulrasheed Bawa, on Wednesday reiterated the Commission’s full commitment to frontally deal with perpetrators of all forms of corruption or fraudulent/illegal activities in the nation’s extractive industries. The EFCC boss, was quoted by the News Agency of Nigeria (NAN) as giving the assurance […]

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President Buhari Signs N982.7Bn Supplementary Budget Bill

President Muhammadu Buhari on Monday signed the 2021 Supplementary Appropriation Bill into law barely few weeks after its passage by the National Assembly. The Federal Executive Council (FEC) had about a month ago approved a draft supplementary budget of N895,842,462,917 for the year 2021. Briefing journalists at the State House on the signing of the […]