Nigeria’s Q1 trade deficit rose by 175%, hit $764m, says CBN
The value of Nigeria’s international trade deficit rose by 175.13 per cent from $152.94m in January 2022 to $420.79m in…
MSMEs’ contribution to GDP dips by 3.5%
The contribution of Micro, Small and Medium Enterprises (MSMEs) to the Gross Domestic Product (GDP) dipped by 3.5 per cent…
FG grants three-year tax relief to 33 companies, bars 10 firms
The Federal Government approved the application of 33 companies seeking pioneer status under the Industrial Development Income Tax Act in…
NAICOM sets initiatives to boost insurance to global standards
The Commissioner for Insurance, Sunday Thomas, said the Commission is implementing various market developmental initiatives to lift the insurance sector…
Buhari Commissions $2.5bn Dangote Fertiliser Plant
President Muhammadu Buhari on Tuesday commissioned the Dangote Fertiliser Plant in the Ibeju Lekki area of Lagos State. The president…
Customs sets N3tn revenue target for 2022
The Nigerian Customs Service (NCS) has set a revenue target of N3.02tn for 2022. Comptroller General of the NCS,…
National Assembly affirms states’ power to collect VAT
The Federal Government’s plan to retain the collection of Value Added Tax (VAT)despite a Federal High Court ruling, hit a…
Africa Honour Day to Take Centre Stage at Expo 2020 Today
As the African Union celebrates its 20th anniversary, Expo 2020 Dubai will dedicate Sunday 27th of February to…
LCCI urges Nigeria, Ghana to explore AFCFTA opportunities
The President, Lagos Chamber of Commerce and Industry (LCCI), Dr. Michael Olawale-Cole, has urged Nigeria and Ghana to explore opportunities…
Nigeria’s trade deficit with China worsens with $23bn imports in 2021
Nigeria has topped the chart amongst African countries importing from China in 2021 with imported goods valued at $23 billion…