Browsing Category
Business
‘Transfers not taxed,’ NRS clears air on 7.5% VAT on bank…
The Nigeria Revenue Service (NRS) has clarified that the 7.5 percent Value Added Tax (VAT) will apply only to charges collected by…
OPEC hails Nigeria’s Non-Oil Growth in 2025
The Organisation of Petroleum Exporting Countries (OPEC) has acknowledged that Nigeria’s non-oil sector significantly supported…
Nigeria misses OPEC production quota for fifth consecutive month as output…
Nigeria failed to meet its assigned production target for the fifth consecutive time in December 2025, according to the…
World Bank raises Nigeria’s 2026 economic growth rate projection from 3.7%…
The World Bank has increased its projection for Nigeria’s economic growth rate for 2026 to 4.4 percent from the 3.7 percent…
NBS projects temporary ‘artificial spike’ in December 2025 inflation
The National Bureau of Statistics (NBS) has projected a temporary “artificial spike” in Nigeria’s December 2025 inflation rate.…
Dollar to Naira exchange rate today, January 12
The Nigerian Naira opened the second week of January 2026 with noticeable movements, reflecting early-year liquidity adjustments…
NDIC to disburse N24bn second tranche payment to defunct Heritage Bank…
The Nigeria Deposit Insurance Corporation (NDIC) has declared a N24.3 billion second liquidation dividend for depositors of the…
‘Your proposal not a gold standard,’ Presidential tax committee…
The presidential fiscal policy and tax reforms committee has pushed back against KPMG’s critique of the new tax laws.
In a…
KPMG seeks urgent review of new tax laws, highlight multiple errors,…
Global network of professional services firms, KPMG, has identified “errors, inconsistencies, gaps, omissions, and lacunae” in the…
UBA closes rights issue, raises N157bn with full subscription rate
The United Bank for Africa (UBA) says it has successfully closed its rights issue, raising N157.84 billion with a full…