E-invoicing will boost tax compliance, curb revenue leakages, says NRS
The Nigeria Revenue Service (NRS) has said that the introduction of electronic invoicing would improve tax compliance, reduce leakages and…
DMO raises N1.19trn after investors oversubscribe N600bn offer
The Debt Management Office (DMO) recorded robust investor demand at Wednesday’s Nigerian Treasury Bills (NTB) primary market auction, with subscriptions…
79% of Nigerians face poverty despite Tinubu’s reforms, says World Bank
The World Bank has revealed that about 79 percent of Nigerians remain poor or vulnerable to falling into poverty despite…
FAAC shares N2.55trn to FG, States, LGs as June revenue
The Federation Account Allocation Committee (FAAC) has shared a total of N2.55 trillion among the Federal Government, the 36 states…
Food inflation in Nigeria still rising despite drop in headline rate
The National Bureau of Statistics (NBS) yesterday said headline inflation rate slowed Month-on-Month (MoM) by 0.02 percentage point to 15.91…
Multiple taxation, high rates constrain businesses – CBN Survey
Multiple taxation, high interest rates and inadequate infrastructure remained the biggest constraints to business growth in June, despite sustained optimism…
Pension assets surge 51% to N31.48trn in two years
Pension assets surged from N20.79tn to N31.48tn, a 51 per cent increase representing N10.7tn in new retirement funds in the…
DMO reopens three FGN bonds, targets N1.2 trillion at July auction
The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria, has announced plans to raise up to…
Nigeria’s $22 billion pension industry eyes Infrastructure Fund
The National Pension Commission (PenCom) is developing a new investment vehicle that would channel part of Nigeria’s $22 billion pension…
Top banks battle fresh N531.6bn capital shortfall as CBN tightens rules
Nigeria’s largest banks could be forced into another round of capital raising despite completing recapitalisation exercises earlier this year, as…