Economy
FG partners NESG to attract foreign investment in Water Sector
The Federal Government has announced it partner with the Nigerian Economic Summit Group (NESG), to propel the Water Resources and Sanitation Sector towards achieving its objectives. Minister of Water Resources and Sanitation, Prof. Joseph Terlumun Utsev disclosed this on Wednesday, at a meeting with members of NESG. Prof. Utsev stressed…
Read More »Nigeria’s inflation jumps by 3.18% to 25.80% in August 2023
Concisedaily News– Nigeria’s headline inflation rate rose by 172bps in August reaching 25.80%y/y, a 29bps to 3.18% month-on-month increase from July’s rate of 24.08% y/y. In the latest release of the Consumer Price Index (CPI) figures by the National Bureau of Statistics (NBS), a noteworthy surge was observed in the…
Read More »Safety, security, unregulated fishing, marine tourism, top of my agenda – Oyetola
The Honourable Minister of the Marine and Blue Economy, His Excellency Adegboyega Oyetola, has stated that tackling illegal, unreported and unregulated (IUU) fishing, harnessing marine tourism, safety and security are top of the agenda of his administration as Minister of the newly created Ministry of Marine and Blue economy. He…
Read More »FG won’t borrow from anywhere now – Finance Minister
The Federal Government has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation. The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this at the end of the inaugural Federal Executive Council meeting…
Read More »CAC says plan to delist tax-defaulting companies not to generate funds
The plan by the Corporate Affairs Commission (CAC) to delist registered companies that had been failing to file their tax returns was not designed to generate funds for the corporation, CAC’s Registrar-General/Chief Executive Officer, Alhaji Garba Abubakar said in Abuja on Monday. “About 100,000 business names and 10,000 incorporated trustees…
Read More »Nigeria: FG denies plans to increase taxes
The Federal Government of Nigeria has denied any plan to increase taxes or add to the burdens of the country’s tax paying citizens. The Chairperson, Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, said this on Tuesday while reacting to unconfirmed reports of government’s plans to increase…
Read More »Nigeria’s inflation jumps by 1.29% to 24.08% in July 2023
The National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate increased to 24.08 per cent in July 2023, a 1.29 per cent points higher compared to the 22.79 per cent recorded in June. NBS disclosed in its Consumer Price Index (CPI) and Inflation Report for July , which was…
Read More »CBN Acting Governor meets Tinubu, promises measures to save forex market
The Central Bank of Nigeria (CBN) has promised to soon come up with stringent measures to stabilise multiple exchange rate in the country. The CBN Acting Governor, Mr Folashodun Shonubi who disclosed this to State House Correspondents after a meeting with President Bola Tinubu on Monday in Abuja said that…
Read More »Tinubu expresses desire for swift economic recovery for good of Nigerians
President Bola Tinubu has reassured that no stone would be left unturned in his administration’s efforts to stimulate the economy and make it work for the good of all Nigerians. The President who stated this on Friday at a meeting with the Board of Trustees of the All Progressives’ Congress…
Read More »FIRS surpasses mid-year 2023 revenue target of N5.3trn by N0.2trn
The Federal Inland Revenue Service (FIRS) has announced a tax revenue collection of N5.5 trillion for the half-year period of January to June 2023. A statement issued in Abuja by Mr Johannes Wojuola, Special Assistant on Media and Communication to the Executive Chairman of FIRS, Mr Muhammad Nami said the…
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