NBS: Nigeria rakes in N295.72bn company income tax in Q4 2020 Nigeria recorded a total sum of N295.72 billion as Company Income Tax (CIT) in...
CBN retains monetary rates; gives reasons Aligning with analysts’ speculations from various quarters, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN),...
Meristem 2021 Outlook: Nigeria urged to brace up for a different future Meristem Securities Limited, a leading capital market conglomerate, recently launched its economic outlook...
Nigeria imports N2.59trn goods from Asia in three months Goods traded by Nigeria with other West African countries have been ranked as the least among...
Nigeria records $90m FDI in one month Nigeria recorded Foreign Direct Investment totaling $90 million in October according to figures obtained from the Central Bank...
FAAC disburses N619.343bn to FG, states LGs The Federation Accounts Allocation Committee (FAAC) on Wednesday at its virtual meeting shared a total sum of N619.343...
External reserves rise by $930m in two weeks The country’s external reserves rose by $930 million from $35.37 billion as of December 31, 2020 to...
Fitch predicts $6.63 surge in Nigeria’s external reserves in 2021 Fitch Ratings has predicted that Nigeria’s external reserves would surge by $6.63 billion to hit...
Inflation defies border reopening order, peaks at 15.75% YoY Inflationary pressure on cost of items in Nigeria has raged on unabated in December as headline...
Angola’s economy to get boost with fresh $488m IMF loan The International Monetary Fund (IMF) approved the disbursement of $488 million to Angola and reiterated...
Analysts forecast 0.51% spike in December inflation As Nigerians await the latest official inflation figure from the National Bureau of Statistics, analysts at Financial Derivatives Limited...
IMF lowers China’s growth in 2021; warns of financial dangers The International Monetary Fund (IMF) on Friday lowered its 2021 growth forecast for China to...
World Bank cuts Nigeria’s 2021 growth forecast; explains why The World Bank has revised downwards Nigeria’s 2021 growth forecast to 1.1 per cent from the...
Nigeria’s public debt profile hits N32.22trn As debt servicing costs N1.99trn in 9 months Revenue shortfalls, COVID-19 trigger aggressive borrowing Analysts’s fear comes true Aggregate...
2020: A year of extraordinary uncertainty & unprecedented events By FXTM Analyst, Lukman Otunuga It only felt like yesterday that the United States and China reached...
ABCON: COVID-19, forex volatility portend more woes for businesses except… Foreign exchange (forex) scarcity in Nigeria portend a more difficult operation environment for businesses...
Buhari set to sign N13.58trn 2021 budget Thursday, last day of 2020 Barring any last minute change in plan, President Muhammadu Buhari will sign the...
APPLY: BoI readies fresh $1bn loan at single digit interest rate The Bank of Industry (BoI) has announced the successful conclusion of a landmark $1...
REBOUND: Fitch projects improved global GDP at 5.3% in 2021 As the global economy rebounds from the impact of the first wave of Coronavirus pandemic, Fitch...
Why Nigeria’s economy may not recover early 2021 – LCCI The Lagos Chamber of Commerce and Industry (LCCI) has identified bottlenecks against recovery of the...