Economy
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LIRS tasks business organizations on consumption tax compliance
The Lagos State Internal Revenue Service (LIRS) has urged owners of restaurants, hotels, and event centres operating in the state…
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FG targets wealthy Nigerians in new tax drive
The Federal Government is planning to overhaul the nation’s tax system to shift more of the burden to wealthy citizens…
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FG borrows over N1.5trn from World Bank in Tinubu’s first 4 months as President
Despite growing worries from Nigerians and international organisations about the country‘s mounting debt, Nigeria has so far acquired a total…
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Naira in all time free fall, trades N1,000 per dollar at parallel market
The Naira, Nigeria’s legal tender, on Tuesday set a new record, sliding to its lowest against the Dollar at the…
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Each Nigerian owes N396,376 as public debt rises to N8.4trn – NBS
An analysis of Nigeria’s public debt stock, released by the National Bureau of Statistics (NBS), has shown that each Nigerian…
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$10bn Debt: CBN defaults on payment to banks, dollar nears N1,000
Over two weeks after the Central Bank of Nigeria promised to clear over $10bn foreign exchange debts owed Deposit Money…
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Tinubu’s govt receives fresh N535.6bn loan from World Bank
The Federal Government under President Bola Ahmed Tinubu has secured the approval of a fresh N535.6 billion ($700m) loan from…
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Naira crosses N1,000 per dollar in black market
The exchange rate between the naira and the dollar plunged to a record low N980/$1 at the black market on…
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Naira in all time free fall, hits N980 per dollar at parallel market
Naira on Wednesday fell to a record low of N980 per dollar on rising demand for dollars at the parallel…
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Nigeria to get $19.4bn SVNED brokered investment
Nigeria will get over $19.4bn in foreign investments over a few years as foreign investors have pledged to invest the…
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