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Experts: VAT increment will further worsen Nigerians’ situations

A notice by Minister of Budget and National Planning, Senator Udoma Udo Udoma and Executive Chairman of Federal Inland Revenue Service (FIRS) Mr. Babatunde Fowler of government’s intention to raise the rate of value added tax (VAT) before the end of 2019 is presently causing ripples among various categories of Nigerians.

Satguru Maharaj Ji urges Nigerians to join forces with President Buhari

Leader of the One Love Family, Satguru Maharaj Ji, has advised all Nigerians to join the ruling All Progressives Congress (APC) as a way of giving President Muhammadu Buhari total encouragement, “in rebuilding the Nigerian state.”
Volodymyr Zelenskiy

Comedian front-runner in Ukraine’s presidential race

The 41-year-old actor Volodymyr Zelenskiy announced a presidential bid on New Year’s Eve and he has since emerged as the surprise front-runner ahead of incumbent Petro Poroshenko.
euro

Germany emerges country with world’s largest current account surplus in 2018

Germany’s current account surplus shrank but remained by far the world’s largest in 2018 due to strong exports, according to data from the Ifo Institute on Tuesday that is likely to renew criticism of Chancellor Angela Merkel’s fiscal policies.
Institute of Chartered Accountants of Nigeria (ICAN)

ICAN: Delayed passage of 2019 budget may sabotage growth prospects

Institute of Chartered Accountants of Nigeria (ICAN) have said that the delayed passage of the 2019 budget and slow investment choices that may arise as a result of expectations from the general elections may stall Nigeria’s growth prospects in 2019.
election inec nigeria

Experts: How 2019 election outcome will impact economy

Analysts have presented different possibilities for the Nigerian economy after the February and March elections, with most of them saying that a change in political leadership would most likely inspire hope and engender economic growth.
People wearing Yellow vests gestures as French ‘red scarves’ (foulards rouges), critics of violent ‘yellow vest’ (Gilets Jaunes) protests demonstrate in Paris on January 27, 2019. (Photo by Alain JOCARD - AFP)

French growth slows as ‘yellow vest’ protests take toll

French economic growth slumped in 2018 as consumer spending tapered off toward the end of the year, the victim of violent anti-government protests that kept many shoppers at home ahead of the holidays, statistics office INSEE said Wednesday.
Christine Lagarde

Low participation of women in finance sector is unfair – IMF chief

The lack of women in finance is unfair to women and bad for banks, International Monetary Fund Managing Director Christine Lagarde has said.

Godwin Emefiele: Central bank to increase list of import restricted items

The Governor of the Central Bank of Nigeria, (CBN) Mr Godwin Emefiele on Tuesday disclosed that the bank would increase the number of items placed on import restrictions from 42 to 50.
There is high security in and around the Swiss ski resort of Davos as many of the world's political and corporate leaders gather this week. AFP

President Jair Bolsonaro sells ‘new Brazil’ to Davos elite

Skirting the first political scandal of his new presidency, far-right leader Jair Bolsonaro will tout a “new Brazil” when he addresses the world’s business elite in Davos on Tuesday.

Dollar appreciates after IMF cuts growth forecasts

The dollar held at a near three-week high on Tuesday as investors sought the relative safety of the U.S. currency after the International Monetary Fund cut its forecasts for the world economy in 2019 and 2020.

IMF cuts Nigeria’s GDP growth projection to 2 percent

The International Monetary Fund (IMF) has cut Nigeria’s gross domestic product (GDP) projection for 2019 to 2% from the 2.3% it had predicted previously.
Tunisia’s influential General Labour Union (UGTT) has called for a new nationwide strike in February, raising pressure on the government to increase wages.

Tunisian labour union calls for new nationwide strike

Tunisia’s influential General Labour Union (UGTT) has called for a new nationwide strike in February, raising pressure on the government to increase wages.

IMF: Nigeria’s economy to grow by 3.8% in 2019

Nigeria’s economy, and other sub-Saharan Africa countries, will be home to several of the world’s fastest-growing economies in 2019 according to the International Monetary Fund (IMF).
United Nations UN

UN: Nigeria’s 2.1 percent economic growth to drive West Africa’s 2019 forecast

Nigeria’s 2.1 per cent economic growth projection in 2019 is expected to drive the regional growth forecast of 2.9 per cent, the United Nations report has projected.

PDP seeks immortalisation of former president Shehu Shagari

Prince Uche Secondus, the National Chairman, Peoples Democratic Party (PDP) says Nigeria has lost one of its most compassionate and humane leaders in the late former President, Alhaji Shehu Shagari.

TETfund: Nigeria to become 14th best global economy by 2050

The Tertiary Education Trust Fund has predicted Nigeria would become the 14th best economy in the world by 2050.

IMF: Lagos to grow $136 billion GDP by 4 per cent in 2019

With its Gross Domestic Product (GDP) currently standing at $136 billion, Lagos economy will record four per cent growth in 2019 while the national economy will grow by 2.8 per cent, the International Monetary Fund (IMF) has predicted.

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Conor McGregor announces his retirement

Mixed martial arts champion Conor McGregor has announced his retirement on Twitter.

Bauchi guber: INEC resumes collation of results after court’s judgement

The Independent National Electoral Commission (INEC), said it has resumed the collation of the Bauchi State governorship election results for the Tafawa Balewa Local Government Area (LGA) which was earlier suspended.

Tunde Fashola: Nigeria needs N10 trillion infrastructure bond to curb deficit

In order to meet up with the infrastructural deficit and advance the course of Nigeria’s development in the next decade, a total of N10 trillion infrastructural bond is needed, the Minister of Power, Works and Housing, Babatunde Raji Fashola, has said.
Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the agency will monitor campaign funds donated to political parties for the 2019 elections as well as donors’ identities.

Ibrahim Magu: Over N1.3 trillion stolen under ex-President Jonathan

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), has disclosed that the money stolen by 32 entities (human and corporate) between 2011 and 2015 (years when former President Goodluck Jonathan was in office) is well over N1.3 trillion.

Aviation Minister: Federal government to revisit national carrier project

Minister of State for Aviation Hadi Sirika, yesterday, said plans were underway by the Federal Government to revisit the national carrier project.