Economy
News and analysis on the Nigerian economy
Court bars CBN, Accountant-General from further disbursing allocation to Rivers state
The Federal High Court in Abuja, on Wednesday, issued an order barring the Central Bank of Nigeria (CBN) from further...
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Naira devaluation, subsidy removal weakens business confidence in Nigeria – Report
Business confidence in Nigeria has declined sharply due to the impact of naira devaluation and the removal of fuel subsidies,...
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14 states got 70% of their total revenue from FAAC receipts in 2023 – BudgIT
BudgIT, a leading civic-tech organization advocating for fiscal transparency, has revealed that 14 Nigerian states generated at least 70% of...
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Taiwo Oyedele reacts to Northern Governors’ opposition to derivation model of VAT distribution
According to him, the current VAT distribution model is not only unfair to Northern states but states across all geopolitical...
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Nigeria’s reforms attracting serious and growing interest from foreign investors – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso has stated that the current reforms being implemented...
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Top 10 states with the highest Internally Generated Revenue in 2023
The 36 states and the FCT collectively generated N2.43 trillion in Internally Generated Revenue (IGR) in 2023, reflecting a 26.03%...
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Northern Governors reject proposed derivation model for VAT distribution in new tax bill
The Northern Governors Forum chaired by Gombe state Governor has rejected the derivation-based model for Value Added tax (VAT) distribution...
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CREDICORP opens applications for CALM Fund to provide Nigerians credit for CNG conversion, others
The Nigerian Consumer Credit Corporation (CREDICORP) has opened applications for Credit Access for Light and Mobility (CALM) Fund aimed at...
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Financial experts back FG’s proposed 25% tax on wealthy Nigerians
Some financial experts have expressed support for the Federal Government's plan to impose a 25% personal income tax on Nigeria's...
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Nigeria, other oil-dependent economies in Sub-Saharan Africa growing slower than their counterparts – IMF
The International Monetary Fund (IMF) says that oil-producing countries in Sub-Saharan Africa are growing at roughly half the pace of...
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