Moody’s: Nigeria and Angola’s dependence on oil and gas creates challenges
Moody's: Nigeria and Angola's dependence on oil and gas creates challenges Although Nigeria (B2 stable) and Angola's (B3 stable) economies, external positions and public finances are expected to stabilise,…
Nigeria recovers N30bn with tax evasion amnesty -finance ministry
Nigeria recovers N30bn with tax evasion amnesty -finance ministry Federal government has recovered around N30 billion from individuals and companies through a tax amnesty scheme, the finance ministry said…
CBN injects $210 million into forex market
CBN injects $210 million into forex market Central Bank of Nigeria (CBN) said on Wednesday it had injected $210 million into the interbank foreign exchange market, extending efforts to boost…
Nigeria’s economic growth slows for first time since end of recession
Nigeria's economic growth slows for first time since end of recession Nigeria’s economic growth slowed in the first quarter of 2018 for the first time since the country pulled…
Annual Inflation falls to 12.48% in Apr
Annual Inflation falls to in Apr The National Bureau of Statistics (NBS) has said annual inflation in Nigeria stood at percent in April, its lowest level in more than…
More than 5 million taxpayers added to tax base- Adeosun
More than 5 million taxpayers added to tax base- Adeosun The efforts of federal government to diversify its revenue base has started yielding result as over five million taxpayers…
There is need to financially empower the poorest of Nigerians, says Osinbajo
There is need to financially empower the poorest of Nigerians, says Osinbajo Nigeria is well on course to effectively tackle the issues of poverty and unemployment through its micro-economic…
‘Nigeria’s oil-led recovery supports modest improvement in debt issuers’ credit profiles’
‘Nigeria's oil-led recovery supports modest improvement in debt issuers' credit profiles’ Although Nigeria's (B2 stable) oil-driven economic recovery will support credit profiles across various sectors, the impact will be…
IMF urges Nigeria to expand tax base, streamline currency policy
IMF urges Nigeria to expand tax base, streamline currency policy Nigeria should widen its tax revenue base to finance growth-enhancing upgrades to the nation’s infrastructure and social programs, said…
IMF warns of rising African debt despite faster economic growth
IMF warns of rising African debt despite faster economic growth Sub-Saharan African nations are at growing risk of debt distress because of heavy borrowing and gaping deficits, despite an…