Nigeria’s Tax Reform Chief Backs Governors’ New VAT Distribution Proposal SEO Keywords: Nigeria VAT reform, tax policy reforms Nigeria, VAT sharing formula Meta Description: Presidential tax committee chairman Taiwo Oyedele…
The Federal Government of Nigeria is preparing to implement comprehensive tax reforms beginning July 2025, marking the most significant overhaul of the nation’s tax system since independence. The reforms, aimed…
Nigeria’s economy is poised for moderate growth in the coming years, the World Bank’s latest Global Economic Prospects report for Sub-Saharan Africa. The report projects the country’s Gross Domestic Product…
Nigeria’s economic woes deepened in December 2024 as food inflation reached a staggering 39.84%, a significant 5.91 percentage point increase from the previous year. This alarming figure underscores the mounting…
Nigeria’s inflationary woes deepened in December 2024, with the headline inflation rate reaching 34.80%, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics…
In a move that could significantly disrupt financial transactions for millions of Nigerians, telecommunication companies are poised to temporarily suspend Unstructured Supplementary Service Data (USSD) access for 18 banks. This…
The Economic and Financial Crimes Commission (EFCC) has arrested five officials of the Katsina State Board of Internal Revenue for their alleged involvement in the diversion of over N1.29 billion…
The Nigerian Economic Summit Group (NESG) and Stanbic IBTC Bank have released their Business Confidence Monitor (BCM) report, projecting a gradual decline in Nigeria’s inflation rate to 27.1% by December…
In a significant step towards advancing its developmental agenda, Lagos State Governor Babajide Sanwo-Olu on Thursday, January 9th, signed the state’s 2025 Appropriation Bill, valued at N3.36 trillion, into law.…
Nigeria’s external debt servicing costs surged by 38 percent in the first nine months of 2024, reaching a staggering $3.53 billion, according to data released by the Central Bank of…