NRS sets July 31 e-invoicing deadline for large firms
The Nigeria Revenue Service has directed all large taxpayers to fully adopt the national e-invoicing and Electronic Fiscal System on…
Finance Minister woos businesses , investors to support the delivery of Nigeria’s $1trillion economy
The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has called on Nigerian businesses, financial institutions…
CBN mandates BDCs to sell unutilised FX to NFEM within 24 hours
The Central Bank of Nigeria (CBN) has directed Bureau De Changes (BDC), to sell unutilised foreign exchange (FX) balances to…
Nigeria’s external reserves hit $52 billion
Governor of the Central Bank of Nigeria (CBN) Mr. Olayemi Cardoso, yesterday, said Nigeria’s external reserves have risen to about…
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…