Economy
S&P Global Affirms Nigeria’s Credit Outlook as ‘B-/B’ with Stable 2024 Projection Amidst Ongoing Reforms
In a recent assessment, S&P Global, a prominent credit ratings agency, has affirmed Nigeria's credit outlook, maintaining a stable projection...
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Guinness Nigeria Plc Reports Q2-24 Loss Amidst Revenue Surge and Rising Finance Costs
Guinness Nigeria Plc (GUINNESS) has published its unaudited Q2-24 results, revealing a standalone loss per share of NGN3.57 (compared to...
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NNPCL to Prepay Future Royalties and Taxes in $3.3bn Financing Deal with Afreximbank
The Nigerian National Petroleum Company Limited (NNPCL) has revealed its intention to prepay future royalties and taxes to the Federal...
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Presidential Committee Advocates Suspension of Low-Revenue ‘Nuisance Taxes’ in Collaboration with State Governors
The Presidential Committee on Fiscal Policy and Tax Reforms is in talks with state governors to seek an agreement for...
Read moreFIRS suspends Implementation of VAT guidelines Simplifies Compliance Regime for Non-Resident Suppliers of Low-Value Goods
The Federal Inland Revenue Service (FIRS) has officially announced the postponement of the implementation guidelines for the value-added tax (VAT)...
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Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says No plans for gas price hike Citing PIA Compliance
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has asserted that there will be no hike in gas prices,...
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Nigeria’s Economic Landscape: Foreign Exchange Flows Decline, Public Debt Edges Up in Q3-23
In December, data from FMDQ revealed a 4.0% month-on-month decline in total inflows into Nigeria's Autonomous Foreign Exchange Market (NAFEM),...
Read moreNigeria’s Q3-2023 Records Lowest Capital Importation, Domestic Transactions Surge
Nigeria 's economy experienced a significant downturn in capital importation during the third quarter of 2023, reaching a record low...
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Nigeria’s Terms of Trade Reflects Marginal Decline in Q3 2023, Anticipates Positive Reversal in Q4
In the third quarter of 2023, Nigeria's Terms of Trade (ToT) experienced a slight dip of 0.03 percentage points, according...
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LCCI Applauds President Tinubu’s Holiday Transportation Initiative, Urges Careful Implementation
In response to President Ahmed Bola Tinubu's recent announcement of a substantial discount on luxury bus travel and free train...
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