Greek Economy Minister, Dimitri Papadimitriou, has resigned, the office of Prime Minister Alexis Tsipras said on Tuesday. Papadimitrou stepped down over a scandal that forced his wife, Rania Antonopoulou, to quit as deputy labour minister […]
The Central Bank of Nigeria has commenced the disbursement of smaller naira notes to traders in order to improve the circulation of N5, N10, N20, and N50 in the economy. The acting Director, Currency Operations […]
The implementation of the new national minimum wage would commence in the third quarter of this year, the Federal Government announced on Monday. According to the Minister of Labour and Employment, Chris Ngige, the negotiation […]
Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has advised prominent Nigerians with tax liabilities to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS), as political, social or economic […]
Nigeria and Ghana have taken different positions on the introduction of a single currency for the Economic Community of West African States (ECOWAS). Both countries failed to agree on the initiative at the just-concluded meeting […]
By now you must have heard of how a mysterious snake swallowed N36 million in the Joint Admission and Matriculation Board (JAMB) office. The story is that it was a mysterious serpent; and it surely […]
In line with global best practice in the use of technology and automated solutions, the Lagos Internal Revenue Service (LIRS) has introduced recently an Electronic Revenue Assurance (ERA) System for Hotels, Restaurants, Night Clubs and […]
On Tuesday, last week, the Central Bank of Nigeria (CBN) republished the communiqué of the 114th meeting of its Monetary Policy Committee, which held on July 24 and 25 2017. Whereas the meeting’s communiqué was […]
The Minister of Finance, Mrs. Kemi Adeosun, has advised wealthy Nigerians to take advantage of the Voluntary Assets and Income Declaration Scheme to regularise their tax status and escape unsavoury consequences. The minister said this […]
The structure of the country’s budgeting system whereby huge amount of money is allocated to recurrent spending and debt servicing has been identified as a major reason why Nigerians are not feeling the impact of […]
The federal government will re-introduce excise duty on some goods manufactured in the country and excisable imported goods in line with the directive of ECOWAS council of ministers. In a letter addressed to President Muhammadu […]
About 152 million Nigerians live on less than $2 a day, representing about 80 per cent of the country’s estimated 190 million population, the African Development Bank has said. According to the AfDB, which stated […]
Former governor of Abia State, Dr. Orji Uzor Kalu, has stated that Nigeria is still in recession. According to him, President Muhammadu Buhari came to power at a time there was recession all over the […]
Lloyds Banking Group on Monday joined major US banks in banning purchases of bitcoin and other cryptocurrencies via credit card amid debt and security concerns. An LBG spokesman said the ban was across its Lloyd […]
Nigerians may no longer be able to carry out international transactions as Egmont Group is considering expelling the Nigerian Financial Intelligence Unit (NFIU) because of governance issues. A major consequence of the expulsion will be […]
During the early days of the Muhammadu Buhari administration, Nigerians were told to endure the hardship arising from the removal of fuel subsidy so that petroleum products would be available at the pumps at no […]
A group of accomplished Nigerian professionals in the U.S. have expressed their eagerness to come home and invest in the Nigerian economy to fast–track the development of the country. Some of the professionals who spoke […]
If, however, last year’s instalment of these budget seminars serves as a useful point of departure, their focus will not be on the design of fixes for our leaky public expenditure management framework… In other […]
The Association of Bureaux de change (BDCs) Operators of Nigeria (ABUCON) called its 3,500 CBN-licensed members to an emergency meeting the other day and complained about low transaction margin as it revealed that BDCs buy […]
The group interest in the power sector is more complex than other sectors of the economy. It starts from the producers of generators abroad and the importers in Nigeria. Nigeria is reputed to hold the […]
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