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Nigeria’s capital importation rises to $1.73bn in Q3 of 2021 -NBS

The National Bureau of Statistics, NBS says capital importation rose sharply, quarter-on-quarter (QoQ) by 97 per cent to $1.73b in…

4 years ago

Nigeria charges 10% tax on share sales

Investors on the Nigerian Stock Exchange are to pay a Capital Gains Tax of 10% on the sale of shares…

4 years ago

Nigerian private sector kicks over new beverages tax

Nigerian organised private sector has frowned at the newly introduced excise duty of N10/litre on non-alcoholic, carbonated and sweetened beverages,…

4 years ago

Nigeria introduces 6% tax on international e-commerce

As part of efforts to address its revenue challenge, the Nigerian government has decided to charge a 6% tax on…

4 years ago

Nigerian govt vows to remove fuel subsidy

The Federal Government of Nigeria has said there is no going back on plans to remove subsidies from petrol this…

4 years ago

FIRS rakes in N6.4 trillion in 2021

The Federal Internal Revenue Service (FIRS) collected around N6.4 trillion in taxes in 2021, the agency  Chief Executive, Muhammad Nami,…

4 years ago

CBN, others to invest N1.54trn in FG’s National Development Plan

The Central Bank of Nigeria and others financial services regulators would invest N1.54 trillion over five years to increase liquidity…

4 years ago

Naira declines steeply in I&E forex market

The Naira depreciated sharply against the US Dollar at the official Investors and Exporters (I&E) forex window on Thursday, losing…

4 years ago

Nigeria loses $5bn to gold smuggling

President Muhammadu Buhari has directed the Presidential Artisanal Gold Mining Development Initiative (PAGMI) to further ensure probity and best practices…

4 years ago

Titan Trust Bank acquires Union Bank

Titan Trust Bank Limited, one of the newest lenders in Nigeria, has concluded plans to acquire Union Bank of Nigeria…

4 years ago

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