Nigeria’s annual VAT revenue surges 29% to N1.53tn
The revenue generated from Value Added Tax in Nigeria increased by 28.57 percent in 2020, buoyed by the increase in
Read more
Economics
Nigeria’s inflation will surge to 18.19% in Q2 – Cordros Capital
Analysts at Cordros Capital Limited have said the inflation rate in Nigeria will reach 18.19 percent at the end of
Read more
Nigeria at risk of ‘future debt servicing challenges’, CBN warns
The Monetary Policy Committee of the Central Bank of Nigeria has said the Federal Government’s recurrent expenditure remained relatively high
Read more
Nigeria’s economy shrank by 4.1% in 2020 – World Bank
Nigeria’s economy is estimated to have contracted 4.1 percent in 2020, as the effects of the pandemic impacted economic activity
Read more
[BREAKING] Nigeria reopens borders after 16-month closure
President Muhammadu Buhari has directed the immediate reopening of the country’s land borders, after nearly 16 months of closure. This
Read more
Border closure: Congo overtakes Nigeria in intra-African trade
The Democratic Republic of Congo has overtaken Nigeria, Africa’s biggest economy, to become the second-largest intra-African trade economy, a new
Read more
[UPDATED] Nigeria’s inflation surges to 14.89%, highest in 34 months
Inflation rate in Nigeria jumped in November to 14.89 percent, its highest level in 34 months, the National Bureau of
Read more
NBS produced over 120 reports despite low funding, COVID-19 – Kale
Nigeria’s Statistician-General and Chief Executive Officer of the National Bureau of Statistics, Dr Yemi Kale, said on Monday that the
Read more
Foreign capital flows into Nigeria rise to $1.46bn in Q3
Foreign capital flows into Nigeria rose by 12.86 percent to $1.46 billion in the third quarter of this year compared
Read more
Nigerians to pay N2m each for planned 300,000 houses – Presidency
The Nigerian Presidency has said the Federal Government will build 300,000 affordable houses for which Nigerians are expected to pay
Read more