According to the latest report released by Transparency International, Nigeria is now ranked 146 out of the 180 countries considered. This is two steps lower from 144th ranked in 2018.
The IMF released its Global Economic Outlook where the fund announced it expects global growth to slow in 2020 to 2.9% (World Bank – 2.5%).
President Donald Trump may consider his travel ban to Nigeria, Burma, Belarus, Eritrea, Kyrgyzstan, Sudan and Tanzania. A source in the White House disclosed.
The World Bank has forecasted that Nigeria’s economy will further slowdown in 2020 with a growth of 2.1% amidst several policy uncertainties. On the other hand, the IMF disclosed that Nigeria’s economy will continue its sluggish trend. #IMF #WORLDBANK
FG has exempted about 20 basic food items and some other transactions/items from the new 7.5% Value Added Tax (VAT) set to kick off on February 1.
FG is working with all relevant stakeholders in the electricity sector to establish an equitable rate in the perspective of payers and investors.
The Federal Government of Nigeria (FG) has once again compromised the timeline for the completion of the Lagos-Ibadan railway project.
Motorists plying Lekki-Ikoyi Toll Plaza, who wish to pay cash, will now pay N1000 as penalty fee from today, January 20, 2020.
The DG/CEO of DMO, Patience Oniha, has cautioned Nigerians against blaming President Muhammadu Buhari for the increase in Nigeria’s debt.
The Federal Government (FG) has disclosed plans to sell fuel at a reduced price of N97 per litre.
Nigeria and five other West African countries have rejected the use of the 'Eco' as the region’s single currency. #ECO #ECOWAS
Yesterday, OPEC released its monthly oil market report for December which showed that Nigeria’s oil production dipped to a new low.
A thread on Twitter about the CBN and its “comatose” fiscal policies took a hilarious turn when it was accused of establishing a poultry farm.
Nigeria’s crude oil production fell to a record low of 1.57 million barrels per day last month, as the country complied with OPEC’s production cuts. #OPEC,#NNPC
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.
The Presidency and the Ministry of Finance have sparked confusion about the implementation date of the newly signed Finance Bill.
Nigeria has missed out on a list of 40 countries that improved regulatory environment for women’s economic participation over the past two years.
Kaduna State IRS shuts some branches of First City Monument Bank (FCMB) and Keystone Bank over non-remittance tax liabilities. #FCMB #KEYSTONE
Zainab Ahmed said the increased 7.5 value-added tax (VAT) is for the good of Nigerians and will help with the 2020 Budget. #AHMED
Yesterday, President Muhammadu Buhari signed the Finance Bill into law, hoping it would support the implementation of the 2020 budget.
The organized private sector and other stakeholders have warned FG against endangering the productivity of Nigerians with the new Finance Bill.