Economy

Latest News on Economy
VAT: FIRS Risk Losing N92bn Revenue To States
VAT: FIRS Risk Losing N92bn Revenue To S...

VAT: FIRS Risk Losing N92bn Revenue To States

The Federal Inland Revenue Service may lose about N92bn which it is expected to earn as cost of collection if the Appeal Court upholds the judgement of the Federal High Court asking states government to collect Value Added Tax in their domain. The law setting up the FIRS allows the agency to a... read more »

 FG’s GDP Growth Insignificant With Rising Poverty – Peter Obi
FG’s GDP Growth Insignificant With Risin...

FG’s GDP Growth Insignificant With Rising Poverty – Peter Obi

The former governor of Anambra State and vice-presidential candidate of the People’s Democratic Party, PDP, in the 2019 general elections, Peter Obi, has undermined the significance of the latest National Bureau of Statistics report which showed that the country’s economy has recorded a five... read more »

FG To Borrow $3 Billion Via Eurobonds In October
FG To Borrow $3 Billion Via Eurobonds In...

FG To Borrow $3 Billion Via Eurobonds In October

The Federal Government has disclosed plans to raise $3bn from Eurobond sales in the second week of October. The Minister of Finance, Budget and National Planning, Zainab Ahmed, who disclosed this during an interview on Bloomberg TV on Thursday said that the $3bn constituted half of the amount... read more »

SEC Creates A Special Division To Study The Crypto Market
SEC Creates A Special Division To Study ...

SEC Creates A Special Division To Study The Crypto Market

The Securities and Exchange Commission (SEC) said that it has now set up a department that will study the crypto market in order to create regulatory policies for the sector. The agency’s Director-General, Lamido Yuguda, revealed this development during a virtual interview with Reuters on... read more »

FG Disburses ₦57 Billion To 1 Million Nigerians, Businesses
FG Disburses ₦57 Billion To 1 Million Ni...

FG Disburses ₦57 Billion To 1 Million Nigerians, Businesses

The Federal Government has disbursed N56,842,780,000 to 1,079,323 persons and businesses under the Survival Fund program. The companies include those registered under the Corporate Affairs Commission (CAC). Maryam Katagum, Chairperson of the Survival Fund Steering Committee, gave the details at a... read more »

More from Economy

Osinbajo Inaugurates Shoe-Manufacturing Hub In Anambra

Osinbajo Inaugurates Shoe-Manufacturing Hub In Anambra

Vice President Yemi Osinbajo on Tuesday inaugurated an ultra-modern industrial shoe-making hub equipped with modern technology at Nkwelle Ezunaka Village in Anambra. In a speech at the... read more »

Obasanjo Decries Nigeria’s Rising Debts, Low FDI

Obasanjo Decries Nigeria’s Rising Debts, Low FDI

Former President Olusegun Obasanjo has expressed worry over the way states and the Federal Government are accumulating debts as well as over the low foreign direct investment into the... read more »

Naira Dips To 517 Against Dollar

Naira Dips To 517 Against Dollar

The naira has continued its recent crash, dipping further against the dollar at the parallel market on Wednesday to exchange at 517/$ after maintaining a 515/$ valuation in recent days. The... read more »

FG owes CBN N15.51tn, borrows N14.86tn under Buhari

FG owes CBN N15.51tn, borrows N14.86tn under Buhari

The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has skyrocketed to N15.51tn, rising by 2,286 per cent in six years, data collated... read more »

Buhari Spends N41bn on Presidential Fleet Despite Promise To Cut Cost

Buhari Spends N41bn on Presidential Fleet Despite Promise To Cut ...

The President Muhammadu Buhari administration has so far expended N41.9bn to maintain the Presidential Air Fleet contrary to the promise Buhari made during the 2015 presidential election campaigns to... read more »