FG’s crude export earnings dip 14% to $31.54bn in 2025 — CBN
By Ediri Ejoh The Federal Government’s (FG) crude oil export earnings fell 14.41 percent to $31.54 billion in 2025 from $36.85 billion recorded in the corresponding period of 2024. The drop was attributed to lower international crude oil prices arising from a global supply glut in the review period. The Central Bank of Nigeria, CBN, made […]
Naira gains 38kobo as reserves increase by $123.8M
The naira, yesterday, appreciated by 38 kobo to N360.27 per dollar in the Investor and Exporter (I&E) Foreign Exchange Window, even as the external reserves recorded a $123.8 million increase in nine days.
Value Added Tax rises to N251bn in Q3- NBS
The National Bureau of Statistics (NBS) has disclosed that revenue generated from Value Added Tax (VAT), increased by 1.73 per cent in the third quarter, Q3’17 to N250.6 billion.
Communication Ministry to spend N158.3m on travelling, fumigation
The Ministry of Communications Technology and one of its affiliate parastatals the Nigeria Communications Satellite Limited, NigComSat has proposed to spend N158.3 million for travelling, fumigation, refreshment and miscellaneous purposes in the 2018 fiscal year.
Elumelu advocates taxation restructuring for business growth
Chairman of Heirs Holdings, Mr. Tony Elumelu has called for the restructuring of government regulations and taxation to support business growth in Nigeria.
SMEDAN transforms 1,500 micro firms into formal sector – DG
By Franklin Alli Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, yesterday, said it has assisted 1,500 micro businesses across three Nigerian states to be active players in the formal sector of the economy. Dr. Dikko Umaru Radda, Director-General/ Chief Executive Officer, SMEDAN disclosed this in Lagos during SMECONNECT 2017, organised for operators in […]
