In a budget presentation, the Senate Committee on Finance criticized the Federal Inland Revenue Service (FIRS) for a significant N17 trillion loss in tax waivers over five years. They called for a suspension of these waivers and proposed a shift to a more controlled rebating system.
The African Development Bank (AfDB) has predicted a positive outlook for Nigeria’s economic in 2018. The bank in its 2018 African Economic Outlook projected that Nigeria’s economy would grow at 2.1 per cent in 2018 and 2.5 per cent in 2019. According to AfDB, this outlook is anchored on …...
The Presidency has hit back at former Governor of the Central Bank of Nigeria, Charles Soludo, after he accused President Muhammadu Buhari of worsening the country’s economy.
Acting President Yemi Osinbajo’s spokesman, Laolu Akande, in a statement, insisted that Buhari had ended the...
The Minister of Finance, Mrs Kemi Adeosun has said that President Muhammadu Buhari-led federal government plans to borrow a total of 1.8 trillion Naira at home and abroad to fund an expected budget deficit of 2.2 trillion Naira.
Mrs. Adeosun said in Abuja on Friday that the government is set to...
Ekiti State Governor, Mr Ayodele Fayose has called on President Mohammadu Buhari to listen to the cries of Nigerians and stop seeing those with opinions different from his own as threats to his hold on power.
According to a statement issued in Ado-Ekiti on Wednesday by his Special Assistant on...
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An economist, Prof. Ben Aigbokhan, has predicted that Nigeria’s economy would recover from depression as soon as possible with the measures being put in place by President Muhammadu Buhari.
Aigbokhan, the President, Nigeria Economic Society, made the prediction in an interview with the News...
Former President Olusegun Obasanjo has advised President Muhammadu Buhari on the best way for Nigeria to sail through the economic quagmire it is currently going through.
The former president posited that the country’s economy cannot thrive without a strong and virile capital market.
Vice President Yemi Osinbajo yesterday gave some insights to the constitution and modus operandi of the National Economic Management Team (NEMT) under the administration of President Muhammadu Buhari.
Speaking through his Senior Special Assistant on Media and Publicity, Laolu Akande, the...
According to expert analysis obtained by New Telegraph, Nigeria lost about N1.12 trillion ($4 billion) of her total Gross Domestic Product (GDP) to the additional one-day holiday declared by the Federal Government to mark the Eid-el- Fitr holiday.
The Federal Government extended the holidays...
The Nigerian Senate, today, deliberated on the alleged forgery of their standing order for which Senate president Bukola Saraki and his deputy, Ike Ekwermadu, are to be arraigned for next week Monday June 27th.
The senate has resolved to mandate their judiciary committee to summon the Attorney...
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Africa’s largest economy contracted in the first quarter as manufacturing, financial institutions and real estate declined.
Gross domestic product in Nigeria declined to -0.36 percent from a year earlier as released by the National Bureau of Statistics on Friday, 20th, April 2016.
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Businessman, Alhaji Aliko Dangote, has restated his commitment to assist the Federal Government in turning around the country’s economy.
He spoke in Lagos on Friday where he was honoured as “Man of the Year 2015’’ by The Guardian Newspapers Limited.
Dangote said he was working hard with...
Economists, private sector players, labour leaders, policy analysts and all Nigerians who are concerned about the affairs of the Nigerian economy are eagerly awaiting federal government’s announcement of dates and modalities for a summit on the economy, which the President Muhammadu Buhari...
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