Reps kill motion to suspend implementation of 7.5% VAT
The House of Representatives has rejected a motion seeking to suspend implementation of the 7.5% Value Added Tax (VAT) Act ...
Thursday, June 25, 2026
Tag: Nigeria’s economy
Economy contracted in May, says CBN report
Economic activities in manufacturing, production, new others and other indices contracted in May after recording at least 36 months of ...
CBN predicts negative economic growth in second quarter
The Central Bank of Nigeria has predicted negative gross domestic product growth for the country in the second quarter of ...
Foreign direct investment dropped to $214.25m in Q1 – NBS
Foreign direct investment into the country dropped to $214.25m in the first quarter of 2020 from $257.25m in the fourth ...
‘Expect large local borrowings by govt’
The federal government will embark on a lot of domestic borrowings to finance the budget due to the impact of ...
Economy may contract in Q2, NECA warns
The Nigeria Employers Consultative Association has called on the fiscal and monetary authorities to develop more aggressive and decisive policies ...
Liberalise railway transport, develop non-oil export, ANLCA gives hints to develop Nigeria’s post-Covid-19 economy
The Nigerian government has been urged to liberalise the railway system to allow private investors in the critical transport system. ...
FG, states, LGs share N606bn dividend from national income in April
The national government known more widely as federal, along with the two sub-nationals, state and local governments shared over ...
Currency in circulation rises N11.38bn in one month to reach N2.3trn
By OmobayoAzeez The total currency in circulation in the country rose to N2.3trillion as of April 30 after closing at ...
10-years after, Nigerians raise expenditure on food, non-food items by over 95%
2009/2010: N21.62trn 2019/2019: N40.20trn Within a ten-year period, Nigerians appetite for foods and non-food household consumption spending rose by over ...
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