Local News
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66States, LGs to Get 90% VAT Revenue –Panel
The Presidential Committee on Fiscal Policy and Tax Reforms has proposed reviewing states’ and local governments’ share of the Value Added Tax...
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143Profit Taking Drags Market Performance Down
EQUITIES The Nigerian equities market extended yesterday’s losses following sell pressures on MTNN (-1.7%) and FBNH (-3.4%). Accordingly, the All-Share Index declined...
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242Post MPC: CBN Raises Interest Rate to 24.75%
In line with our expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) again voted to raise the...
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147Nigeria Emerges Second-largest Investor in Plastics Technology in Africa
Nigeria has emerged as the second-largest investor in plastics technology in Africa with €143 million pumped into the industry in 2022, a...
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162FG Allocates 675 Hectares for Diaspora City Project
The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that the Federal Government has allocated 675 hectares of land for...
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191Financial Reporting Council Warns Corporate Entities against Falsification
…Business News In Brief The Executive Secretary/Chief Executive, Financial Reporting Council of Nigeria, Rabiu Olowo, yesterday warned corporate and government entities in...
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124Manufacturers’ income tax falls 6.85% to ₦145b in Q4’23
…Business News In Brief In apparent reflection of the hardship being faced by manufacturing companies in Nigeria, the income tax paid by...
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255NEC approves $617m investment in digital, creative enterprises
…Business News In Brief The national economic council has approved the implementation of the $617.7 million investment in digital and creative enterprises...
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281States owe FG ₦1.7tn budget loans
…Business News In Brief The governments of Nigeria’s 36 states and the Federal Capital Territory owe the federal government an outstanding liability...
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109Foreign Airlines Dispute CBN’s Claim, Insist $700m Still Trapped
…Business News In Brief Foreign Airlines operating at Nigerian airports have disputed a claim by the Central Bank of Nigeria that it...
