FAAC shares N2.43trn among FG, states, LGs
•As CIT, CGT, stamp duties, VAT collections decline By Emma Ujah The Federation Account Allocation Committee (FAAC) has shared N2.428 trillion among the three tiers of government, Federal Government, state governments and local government councils. This comes as collections from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties and Value Added Tax (VAT) […]
Q1 2025: Capital importation rises by 67% to $5.64bn – NBS
Capital importation into Nigeria rose by 67.12 percent in the first quarter of 2025 to $5.642 billion when compared to $3.376 billion recorded in Q1 2024, a report by the National Bureau of Statistics has indicated.
Naira down to N1,565/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated to N1,565 per dollar in the parallel market from N1,555 per dollar on Monday. But the naira appreciated to N1,533.5 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to […]
NGX transacts 1.03bn shares worth N22.9bn
The Nigerian Exchange Ltd. (NGX) recorded a total of 1.03 billion shares traded, valued at ₦22.9 billion, in 38,932 transactions on Tuesday.
Naira appreciates to N1,555/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,555 per dollar in the parallel market from N1,560 per dollar last weekend. Similarly, naira appreciated to N1,533.8 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to N1,533.8 […]
$1trn economy impossible without competitive maritime, logistics system — Akutah
By Providence Ayanfeoluwa As Nigeria charts a bold path toward building a $1 trillion economy, maritime and logistics experts have warned that the country’s ambitions may remain elusive without urgent reform in the sector. Speaking at the International Chamber of Commerce, ICC, Nigeria post meeting talk show, with the theme: “Shipping and Maritime Trade: The Backbone […]
