Tag Archives Economy

Osinbajo
Nigeria Can’t Get New Dollars When Excha...

Nigeria Can’t Get New Dollars When Exchange Rate is Artificially Low -Osinb...

Vice-President Yemi Osinbajo says that Nigeria cannot get new dollars into the system when the exchange rate is “artificially low.” Osinbajo said this on Monday in Abuja at the opening of a two-day Mid-Term Ministerial Performance Review Retreat organised to assess progress made towards the... read more »

Why Nigeria’s Economy May Soon Collapse — Former CBN Governor, Sanusi
Why Nigeria’s Economy May Soon Collapse ...

Why Nigeria’s Economy May Soon Collapse — Former CBN Governor, Sanusi

A former Central Bank of Nigeria governor, Muhammad Sanusi, has said the country’s economy is on the brink of collapse. Sanusi disclosed this at the closing ceremony of the Kaduna Investment Summit, tagged KadInvest 6.0, which was held recently. According to him, aside from the fact that Nigeria... read more »

https://punchng.com/fg-recorded-n150-36bn-fiscal-deficit-in-april-cbn/
FG recorded N150.36bn fiscal deficit in ...

FG recorded N150.36bn fiscal deficit in April- CBN

The Federal Government recorded a fiscal deficit of N150.36bn in April, after recording an aggregate expenditure of N559.67bn and retained revenue of N409.31bn. Figures obtained from the Central Bank of Nigeria’s April report on ‘Fiscal operations of the Federal Government’ revealed on... read more »

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 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... read more »

SEC Creates A Special Division To Study The Crypto Market

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... read more »

FG suffers N1.76tn revenue shortfall in six months

FG Suffers N1.76tn Revenue Shortfall in Six Months

An official record has shown that the Federal Government of Nigeria suffered a revenue shortfall of N1.76tn in the first half of this year. According to a revenue performance report, which... read more »

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 »