The Presidential Committee on Fiscal policy and tax reforms has proposed an upward review of the 7.5% value-added tax (VAT) rate. Punch reports that the chairman...
The Nigeria Customs Service (NCS) has increased the foreign exchange (FX) rate for import duties to N1,441.58 per dollar, a 4.94 percent increase as against the...
Minister of Finance and coordinating minister of the economy, Wale Edun has announced that Nigeria has secured a $2.25bn World Bank loan with a 1% interest...
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The National Bureau of Statistics NBS says Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which was 31.70%....
The foreign exchange rate for Customs import duties was on Wednesday, April 10, adjusted downwards to N1,238/1$ by the Central Bank of Nigeria. The adjustment...
The World Bank has stated that Nigeria’s inflation rate will remain high at 24.8 percent year-on-year, YoY, in 2024. The World Bank also reaffirmed its projection...
Canada’s unemployment rate jumped to 6.1 per cent in March as more people looked for work in an economy bogged down by high-interest rates. In...
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate by 200 basis points to 24.75 per cent in a continued chase to tame...
A report released by the National Bureau of Statistics (NBS) has revealed that the headline inflation in the country increased to 31.7 per cent in February...
The exchange rate for computing the country’s Customs duties has been slashed by 5.3 percent by the Central Bank of Nigeria following stability in the exchange...
Labour party presidential candidate in the 2023 presidential election, Peter Obi, has stated that the recent increment of monetary policy rate and cash reserves ratio announced...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the interest rate by 400 basis point from 18.5 percent to 22.5...
‘’The recent reported attacks and disruption of the business activities of Bureaux de Change (BDCs) operators in different urban centers across the country by Government Agencies,...