ECONOMY

Annual inflation in Nigeria slowed for the tenth month in a row in November, standing at 15.90 percent, the National Bureau of Statistics (NBS) said in a report on Monday. A separate food price index showed inflation at 20.30 percent in November, compared with 20.31 percent in October. In October...

Worries about repatriating funds out of Nigeria following currency controls last year still dominates investor fears, the International Monetary Fund (IMF) said on Wednesday. But it added that the country was still on international investors’ radar. Miriam Tamene, an IMF senior financial sector expert, said there is interest in Nigeria’s...

  Nigeria plans to repay 198.03 billion naira ($647mln) worth of treasury bills maturing in December with part proceeds of Eurobonds it raised last month. The announcement sent yields down by more than half. The Debt Management Office (DMO) said on Tuesday the bills due on Dec. 14 and Dec....

  The Federal Government of Nigerian on Monday said it has released N1.2 trillion to Ministries, Departments and Agencies (MDAs) of government for implementation of capital projects contained in the 2017 budget. The Minister of Finance, Mrs  Kemi Adeosun, gave the figure during a meeting with a delegation of about...

  The Federal Inland Revenue Service (FIRS), on Monday in Abuja, said it generated N3.233 trillion in 10 months, an amount that represented 79.35 per cent of its collection target for 2017. The Executive Chairman of FIRS, Tunde Fowler, disclosed this at interactive session for review of 2018–2020 Medium Term...

…No hiding place for tax evaders with data sharing …FG reviews tax profiles of companies which receive major payments in the last 5yrs …Rules out extension of March 31, 2018 deadline for tax evaders The Federal Government has recruited and trained 2,190 Community Tax Liaison Officers (CTLOs) under the Voluntary...

  The African Development Bank (ADB) has injected $450 million to the Development Bank of Nigeria (DBN) for on-lending to Micro Small and Medium Enterprises (MSME). Vice President of ADB, Pierre Guislain disclosed this at a media briefing hosted by the DBN in Abuja. Guislain who visited the management of...

The Central Bank of Nigeria (CBN) said it is on course to realise its target of bringing the country’s inflation rate down to single digits by next year The CBN Governor, Mr. Godwin Emefiele said on Tuesday at the end of the two-day Monetary Policy Committee (MPC) meeting in Abuja,...

The National Bureau of Statistics (NBS) said on Monday that Nigeria’s Gross Domestic Product (GDP) grew in third quarter of 2017 by 1.40 per cent in real terms. In its report ‘Nigeria Gross Domestic Product Report’, the NBS noted that the development represents the second consecutive positive growth since the...

Tony Elumelu, Chairman of Heirs Holdings, has called for the restructuring of government regulations and taxation to support business growth in Nigeria. He made the call at the Lagos Business School Alumni Association 2017 Conference at weekend Elumelu, who was guest speaker at the occasion, spoke on the conference theme:...