Nigeria‘s trade with the rest of Africa rose by 40.8 percent year-on-year in the first half of 2023 (H1’23), soaring to N1.839 trillion from N1.306 trillion...
According to Nigeria’s Debt Management Office (DMO), total public debt increased by 75% q/q or N38.5trn to N87.4trn at end-June ’23. On a y/y basis, public...
Amidst President Bola Ahmed Tinubu’s repeated assurances of subsidy removal, it has come to light that the Federal Government disbursed N169.4 billion as subsidy payments in...
The Federal Inland Revenue Service (FIRS) announced that it successfully increased Nigeria’s tax-to-Gross Domestic Product (GDP) ratio from 6.0 percent to 10.86 percent in 2022. The...
Revised Data Shows Modest Slowdown, But ECB Officials Divided on Further Hikes
The global economy is expected to contract in the near time as the uncertainty surrounding rising interest rates and disappointing Chinese recovery continues to weigh on...
The Nigeria Customs Service (NCS) and its counterpart in Benin Republic have taken significant strides towards more efficient and effective customs practices. This collaborative effort aims...
The Acting Comptroller-General (C-G) of the Nigeria Customs Service (NCS), Mr. Adewale Adeniyi, has taken decisive action by removing defaulting banks from the Customs Duty Collection...
Recent data released by the National Bureau of Statistics (NBS) paints a bleak picture for Nigeria’s exports to India, showing a dramatic 61% decline over the...
The World Bank Country Director for Nigeria, Mr. Shubham Chaudhuri, has voiced alarm over Nigeria’s exceptionally low levels of public spending, which he contends are among...
