Zainab Ahmed disclosed that the new tax reforms as contained in the Finance Bill would help FG achieve its 2020 revenue estimate of N8.16 trillion.
Yesterday, President Muhammadu Buhari signed the Finance Bill into law, hoping it would support the implementation of the 2020 budget.
The prices of several food items once again witnessed a significant drop. According to the latest Household Survey, prices of tomatoes and pepper crashed significantly, while the prices of local rice, yam and other items continue to ease off.
The NCC and a consortium of infrastructural companies disclosed they would raise N265 billion for the development of broadband infrastructures.
Nigeria received $17.57 billion in direct diaspora remittances in 2019. According to data published by (@cenbank), remittances rose by 56.4% when it increased from $11.23 billion within the same period in 2018 to $17.57 billion in 2019.
Nigeria spent a whopping $1.31 billion to cover external debt obligations in 2019, as external debt service payment accumulated to $3.95 billion in the last 5 years (2015 - 2019). Data obtained from the (@cenbank) reveals
It's just one full week of business at the Nigerian Stock Exchange and stocks are already 9.51% up, one of the best performers in the world today.
At a time when technology is disrupting the global financial services industry, Nigeria has not been left out of the change.
Six insurance companies have notified NAICOM of their plans to merge as part of their efforts in meeting up with the regulator’s recapitalisation requirements.
As the Central Bank of Nigeria (CBN) continues to compel Banks to boost their credit to the real sector of the economy, analysis of data published by the apex bank revealed that the loans increased by N3.46 trillion in 2019 (between January and November, 2019).
Data obtained from the NBS show that Nigeria spent a whooping sum of N1.08 trillion to import used vehicles and motorcycles in one year.
In the Nigerian equity market, 2019 was not a very good one for many investors as the NSE All-Share Index ended the year with a 14.6% loss.
Nigeria and power giant, Siemens signed a power sector deal which would lead to the production of 25,000MW of electricity in the country by 2025.
International Breweries has ended 2019 with the unenviable record as the worst-performing stock of the year.
An online savings platform, SumoBank has rebranded as it metamorphosed to SumoTrust to continue the race of digital savings App in Nigeria. The firm, launched its operation as a digital savings and investment platform, has grown from 0 to serving about 4000 customers.
At 28.9% in the last 10 year, investors who held their money in the bourse for this long would have underperformed all fixed income securities.
In May 2019, NAICOM re-introduced the previously suspended recapitalization exercise albeit with more stringent capital requirements.
The Nigerian Stock Exchange All-Share index ended 2019 with a year to date loss of 14.6%.