More Nigerians Will Become Poor By 2027 — World Bank
By Mark Mayah
The World Bank has projected that poverty will increase in Nigeria by three percentage points in five years to 2027.
The World Bank made this projection in its Africa Pulse report released on...
Tax Reform Bills: Reps Adopt 7.5% VAT, Reject Increase To 15%
By Mark Mayah
The House of Representatives has retained Value Added Tax, VAT, at 7.5 per cent and rejected a staggered increase to 15 per cent by 2030 as proposed in the Tax Reform Bills...
CBN Retains Interest Rate At 27.5%
Yemi Cardoso
By Mark Mayah
The Central Bank of Nigeria, CBN, has retained the Monetary Policy Rate, MPR, its benchmark interest rate at 27.5%.
Governor CBN, Mr Olayemi Cardoso, disclosed this at the end of the Monetary...
N54.99tn Budget: Experts Identify Funding Obstacles As Debt Servicing Takes N14tn
President Bola Tinubu presenting the 2025 budget proposal to members of the National Assembly on Wednesday, December 18, 2024 in Abuja. Photo Credit: Presidency
By Mark Mayah, Ada Adukanya, Jacob Oche and Musa Mohammad
The National...
‘Inflation Has Increased,’ Wale Edun Supports 50% Telecoms Tariff Hike
By Mark Mayah
Nigerian Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has backed the 50 per cent hike in telecom tariff, saying inflation should be reflected in the companies’ business operations.
There...
Solid Minerals: NASS Summons Edun, Bagudu, DG Budget Over Poor Budgetary Vote
By Adah Adukanya
The National Assembly has summoned the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, to appear before it and explain the reason for the miserable budgetary allocation for the...
Only Lagos, Rivers Will Benefit From Tinubu’s Tax Reform Bills – Zulum
By Daily Topic
Borno State Governor, Professor Babagana Zulum, on Sunday explained why the northern governors advised President Bola Tinubu to withdraw the controversial tax...
Tax Reform Bills ‘ll Cripple North Economy, Zulum Warns
By Mark Mayah
Borno State Governor, Babagana Zulum, has voiced strong concerns over the proposed tax reform bill, warning that it could have devastating consequences...
Naira Depreciates To N1,700 In Parallel Market
Naira
By Editor
The Naira on Friday, depreciated to N1,700 per dollar in the parallel market from N1,675 per dollar on Thursday.
However,...
Naira Depreciates To N1,635 In Parallel Market
By Daily Topic
The Naira yesterday depreciated to N1,635 per dollar in the parallel market from N1,625 per dollar last weekend.
However,...
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