CBN Promises To Improve Forex Liquidity In Coming Days
The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, says the apex bank will, in the next few days, be taking steps to improve the liquidity in…
CBN warns new FX Policy ‘coming soon’ will lead to losses for speculators
The acting governor of the Central Bank of Nigeria, CBN, Fola Shonubi warned speculators of potential losses as they implement a new policy to stabilize the exchange rate. According to…
Economist warns against corruption in implementation of presidential palliatives ….Says tax reform committee will create new revenue ideas
An economist, Mr. Marcel Okeke has warned that corruption could derail President Bola Ahmed Tinubu's recently announced palliatives if not properly monitored and implemented, such that whatever ‘goodies’ that come…
FG partners Wema Bank to set up MSME Tech hubs in 7 states
Kayode Ogunwale Vice President Shettima In line with the president Bola Tinubu administration’s commitment to providing more digital jobs for young Nigerians, the Federal Government through the Office of…
Central Africa achieved best economic performance in terms of growth, inflation and budget deficit ahead other African regions in 2022
Central Africa achieved real GDP growth of 5 percent in 2022, compared with percent in 2021. The rebound in economic activity was driven by favourable prices for raw materials, in…
FG set to collect VAT from market traders, informal sector
Kayode Ogunwale The Federal Government, through the Federal Inland Revenue Service (FIRS), has announced plans to collect Value Added Taxes from the informal sector through the VAT Direct Initiative. The…
Naira Swap Policy May Affect Q1 2023 GDP By 5% – Rewane
An economic expert, Bismarck Rewane, on Friday, projected a three-to-five-percent drop in the gross domestic product (GDP) of Q1 2023 as a direct result of the naira swap policy of…
BudgIT Launches FG Budget Dashboard; Gives Citizens Access to Disaggregated Budget Data
BudgIT, a leading public data organisation focused on raising active citizens and civic leaders to improve governance by bridging the information gap between the government and citizens, has launched its…
Pension: 34,283 RSA Holders Initiate Transfer In 2022 Q4, Move N131.7 bn
The National Pension Commission (PenCom) has disclosed that 34,283 Retirement Savings Accounts holders initiated RSA transfer from one PFA to another in the 4th quarter of 2022. The RSA holders…
FG Recovers £6.3m, €5.4m, $390m, N1.8bn Looted Assets
The federal government, under the Muhammadu Buhari administration, said that it recovered £ million, € million, and $390 million of its assets stowed by corrupt government officials in foreign nests.…