ECONOMY

Barring any further hitches, the Nigerian economy will be out of recession in 2018, Statistician General of the Federation, Dr. Yemi Kale has said. In an interview with the Economic Confidential in Abuja, Dr. Kale said noted: If all prices do not collapse including Niger Delta crisis, by 2018 we...

The Director, Banking Supervision Department, Central Bank of Nigeria (CBN), Mr. Ahmed Abdullahi, said that foreign exchange injection by the apex money market has reached $ 6 billion in five months Speaking at the end of 333rd Bankers Committee meeting, held in Lagos on Thursday, he said foreign exchange market...

The Minister of Finance, Mrs. Kemi Adeosun, has disclosed that Federal Government is currently recruiting 7,500 graduates as Community Tax Liaison Officers (CTLOs) to raise tax awareness among citizens. According to her, the recruits would be expected to go to schools, churches, mosques, markets and other social places to educate...

The National Bureau of Statistic (NBS) has said that inflation rate dropped to 16.25 per cent in May 2017, 0.99 per cent lower than 17.24 per cent recorded in April. The Bureau explained that headline index increased by 1.88 per cent in May , 0.28 per cent points higher than...

FSDH Merchant Bank Limited has predicted that despite the significant increases in retail prices, a year-on-year (YoY) tracking of Nigeria’s inflation factors indicate that base effects would yield a huge drop in headline index to 16.13 per cent for the month of May 2017, representing a massive 94 basis point...

The Federal Inland Revenue Service (FIRS) said it generated N778.19 billion revenue in the first quarter of 2017. This is according to a progress report by the FIRS sent to the Federal Ministry of Finance and obtained by the News Agency of Nigeria on Tuesday in Abuja. The report, which...

The Federal Government on Tuesday started a move to return the country to a predictable January to December fiscal year with early preparation of the 2018 budget proposals. The Minister of Budget and National Planning, Senator Udoma Udoma, said this in a statement signed by his Media Adviser, James Akpandem...

The National Bureau of Statistics (NBS) revealed on Tuesday that the total revenue generated by the country through Value Added Tax (VAT) stood at N204.77 billion in the first quarter of this year as against N207.35 billion in the fourth quarter of 2016. The NBS in the report stated that...

Remarks by AG. President Yemi Osinbajo, SAN, at the signing of the 2017 Appropriation Bill into law on Monday 12th June 2017 at the Presidential Villa, Abuja. A few minutes ago, I signed the 2017 Appropriations Bill into law. This is an important milestone in our economic recovery and Growth...

Acting President Yemi Osinbajo on Monday signed the 2017 Appropriation bill into law. The budget was accented to around 4:42 p.m. The budget was passed by the National Assembly some weeks back while President Muhammadu Buhari left Nigeria for the United Kingdom on 7th May to follow up on his...