Economy

Nigeria’s inflation rate jumps to 28.92%

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 28.92 per cent in December 2023.  …

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LIRS affirms Jan 31st deadline for employers to submit annual tax returns

In accordance with applicable tax legislation, the Lagos State Internal Revenue Service (LIRS) has communicated a reminder to all Employers…

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Despite $2.2billion Afreximbank’s inflow, Naira continues its free fall 

Despite recent efforts by the Central Bank of Nigeria (CBN) to bolster the foreign exchange market through interventions, the currency’s…

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Lagos Assembly passes N2.267trn 2024 budget

The Lagos State House of Assembly on Friday passed a total of N2.268 trillion as the 2024 budget size of…

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Exit of GSK, P&G, others has reduced investors’ confidence in Nigeria – KPMG

World renowned audit, tax and advisory services firm, KPMG, on Thursday said the exit of major companies that had operated…

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Foreign investments in manufacturing sector drop by 54%, recording a $326m loss — NBS

Foreign investments in Nigeria’s manufacturing sector fell by $326million (54 per cent) to $279.5million in the third quarter of 2023…

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Stanbic IBTC Bank: Output returns to growth but inflationary pressures remain elevated

The Nigerian private sector returned to growth in December, with renewed increases in both output and new orders recorded amid…

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FG delists professional bodies from budgetary allocations

The Federal Government has implemented its earlier plan to drop 26 professional bodies and councils of agencies from its budgetary…

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2024 Budget: Tinubu directs MDAs to provide monthly performance reports

President Bola Tinubu has signed the 2024 Appropriation Bill into law in keeping with his avowed commitment to maintaining a…

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Tinubu signs N28.7trn 2024 budget into law

President Bola Tinubu has signed the N28.7 trillion 2024 budget into law.   He assented to the 2024 Appropriation Bill…

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