Economy
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Nigeria’s average GDP growth rate has remained negative since 2014 – WTO boss Okonjo-Iweala
The Director General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, has observed that Nigeria’s Gross Domestic Product (GDP) growth…
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Nigeria’s N70,000 minimum wage eroded by inflation, real value plummets to N52,473.76
Even as the inflation rate saw a slight decrease from 34.19 percent to 33.40 percent, largely due to a reduction…
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2025 budget will be based on needs assessment, says Gbajabiamila
The Federal Government has announced plans to allocate funds in the 2025 budget based on a thorough needs assessment, prioritising…
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CBN reports all-time high remittance inflows at US$553 million for July 2024
The Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows, reaching $553 million in July 2024,…
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NNPC posts N3.3trn net profit, declares N2.1trn dividend
The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the…
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FG, states, LGAs shared N1.35trn in July, up by N4bn – FAAC
The federation account allocation committee (FAAC) says the three tiers of government shared N1.358 trillion in July. This represents…
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Tax reform key to formalizing Nigeria’s informal MSMEs, says Tony Chinwe
Nigeria’s informal sector, dominated by Micro, Small, and Medium Enterprises (MSMEs), has long been recognized as the backbone of the…
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AI can be utilized to revolutionize taxation, transform the informal sector into an economic powerhouse – Chief Blakey Ijezie
As the world rapidly advances into the digital age, the future of taxation is poised for a groundbreaking transformation, says…
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FG grows foreign reserves by $4bn – Finance Minister Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria’s foreign reserves grew by four billion…
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AI-powered Taxation: A new dawn for the informal sector – Chief Ijezie
Chief Blakey Okwudili Ijezie, a prominent figure in Nigeria’s financial landscape, has outlined a transformative vision for the future of…
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