Nigeria’s inflation rate which stood at 12.82 per cent in July may rise up to 14.15 per cent by the end of December 2020 as the Federal Government’s deficit rises due to current economic challenges in the country.
The Federal Inland Revenue Service (FIRS) says it has inaugurated a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for the use of financial institutions in the country.
They made this call at the Leadership Guardian Virtual Summit with the theme: Preserving the future of Humanity through effective leadership. The summit which was a pre-launch to a new book, titled, The Leadership Guardian – How to develop visionary leaders at home, work and in nations; an essential blueprint for developing visionary leadership.
Gov. Bala Mohammed has enjoined the private sector to deploy financial, technical and managerial skills to reposition Bauchi State economy for the better.
Mr Segun Awolowo, the Executive Secretary, Nigeria Export Promotion Council (NEPC), says active implementation of the Zero Oil Plan will boost Nigeria’s foreign exchange earnings in the face of economic contraction caused by COVID-19 pandemic.
The country joins the likes of America, Britain, and Germany in recording two quarters in a row of decline after the coronavirus pandemic crushed world economies.
The economic slump in sub-Saharan Africa caused by the coronavirus outbreak could last well over three years, Ghana’s finance minister said on Tuesday.
The Federal Government has expressed its determination to continue funding the 2020 budget to ensure that the economy recovers as projected, even as the country’s Gross Domestic Product (GDP) contracted by -6.10 percent in the second quarter of 2020.
Nigeria might fall into recession in the third quarter, the head of the country’s budget office said on Thursday, citing the impact of low oil prices and the coronavirus pandemic on Africa’s largest economy.
Against the backdrop of the COVID-19 pandemic, the Lagos Chamber of Commerce and Industry (LCCI) has concluded plans to host a virtual conference on the economic intervention initiatives of the federal government with a view to charting the way forward.
Nigeria expects the third and fourth quarters to reflect the continued effects of a slowdown, after the economy contracted by 6.1% in the second quarter, the presidency said on Wednesday.
South Africa’s headline consumer inflation quickened to 3.2% year-on-year in July from 2.2% in June, data from Statistics South Africa showed on Wednesday.
The Abuja Chamber of Commerce and Industry (ACCI), has urged the Federal Government to adjust its policy on business and financial support for private sector during the COVID-19 pandemic to enhance the economy.
Responsibility of stamp duties collection between FIRS and NIPOST was raised at an interactive session on the 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) organised by Joint Senate Committees on Finance and National Planning in Abuja on Thursday.
Nigeria’s inflation rate rose year-on-year (YoY) by 0.26 percentage point to 12.82 percent in July this year from 12.56 percent in June. This represents the eleventh consecutive monthly rise in inflation rate since October 2019.
There was reported sporadic gunshots at Uneme-Nekhua, ward 1, unit 9 in Akoko-Edo Local Government Area of Edo State, where the Deputy Majority Leader, House of Representatives, representing the constituency, Peter Akpatason, voted.
Governor Nasiru Ahmad El-Rufa’i of Kaduna state has said that he had already registered to participate in the forthcoming Kaduna International Marathon and would not do more than 5km.
Pastor Osagie Ize-Iyamu, the candidate of the All Progressives Congress (APC), has won the election in his polling unit.
Liverpool manager Jurgen Klopp has revealed why the Reds pushed hard to sign Diogo Jota from Wolve after completing a £45 million ($58m) deal on Saturday.
There were sporadic gunshots at Uneme-Nekhua, Ward 1, Unit 9, in Akoko-Edo Local Government Area of Edo State, where the Deputy Majority Leader, House of Representatives, representing the constituency, Hon Peter Akpatason, voted Saturday.
The Nigeria Police Force has asked the people of Edo State to return home immediately after voting rather than wait for the counting of the ballot.
The Economic and Financial Crimes Commission, EFCC, Maiduguri zonal office, on Monday, September 14, 2020 re-arraigned Aisha Alkali Wakil, a.k.a “Mama Boko Haram” before Justice Aisha Kumaliya of the Borno State High Court, Maiduguri on three fresh separate offences of fraud to the tune of N97,400,000.00 (Ninety-Seven Million, Four Hundred Thousand Naira) only.
The vice president of Nigeria Football Federation, Barrister Seyi Akinkunmi, says he’s committed to the development of women football in the country and will continue to do so.
The Federal Government has congratulated Nigerian-born Pearlena Igbokwe on her recent promotion to Chairman of the Universal Studio Group, a division of NBC Universal, one of the world’s leading media and entertainment companies.
Japan’s parliament on Wednesday elected Yoshihide Suga prime minister, with the former chief cabinet secretary expected to stick closely to policies championed by Shinzo Abe during his record-breaking tenure.