Telecom subscribers to pay 5% tax on call, text, data
The Federal Government has disclosed that telecommunications subscribers would pay a 5 per cent tax on call, SMS, and data services. Indications to this development were dropped during a Nigerian…
Senate summons CBN Governor over naira fall
The Senate, on Wednesday, resolved to summon the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, to educate and inform senators in a closed session on the reasons…
BudgIT raises concerns over poor performance of the 2022 budget
BudgIT, a foremost civic-tech organisation leading advocacy for transparency and accountability in Nigeria’s public financial management, has expressed concerns over the poor fiscal performance of the federal government's 2022 budget…
FG Targets N720b in Q3 As DMO Unveil Bond Issuance Calendar
The Federal Government is set to generate about N720 billion in the third quarter of 2022 from FGN Bonds. This is according to “FGN Bond Issuance Calendar For Third Quarter,…
Inflation timebomb threatens Nigeria’s outlook Written on 17/06/2022 by Lukman Otunuga, Senior Research Analyst at FXTM
There was a period when Nigeria displayed resilience against the inflation menace. As other countries across the globe waged war on rising prices, Africa’s largest economy experienced periods of cooling…
CBN Governor Calls For Sustainable Means of Increasing Foreign Exchange
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has called on stakeholders in the export value chains to come up with constructive and innovative suggestions towards exploring the…
Inflation increases to 17.7% in May -NBS
Nigeria’s consumer inflation rate increased to per cent in May 2022 compared with per cent in the previous month, the National Bureau of Statistics (NBS) said in its latest report…
FG borrows money to pay worker’s salaries-Accountant General
Nigeria currently borrowing money to pay the salaries of its workers due to challenges in government revenue generation ability, according to the acting Accountant-General of the Federation (AGF), Anamekwe Nwabuoku…
Nigeria spends N896.7bn on debt servicing in Q1’22
Nigeria spent billion on domestic and foreign debt servicing in the first quarter of 2022, Q1’22 , representing a 12 per cent year-on-year (YoY) decline from trillion spent in the…
NNPC to pay N874bn in June as subsidy hits N1.82tn
Operators in the oil and gas sector as well as other stakeholders are uncomfortable with the continued rise in the amount spent in subsidising Premium Motor Spirit, popularly called petrol,…