Finance
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Fasten your seatbelts — How to navigate the economic turbulence ahead
2022 has been a critical year for the Nigerian economy. War in Ukraine and the aftermath of the COVID-19…
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Nigeria spends 86% of revenue on debt servicing, South Africa pays 20%
Nigeria spent 86 per cent of its revenue on servicing debt in 2021, but South Africa spent only 20 per…
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N10bn debt: FCTA seals Federal Ministry of Works, FCC, others
The Federal Capital Territory has, in the early hours of Tuesday, sealed the Federal Ministry of Works, Federal Character Commission,…
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CBN fines three banks N800m over crypto transactions
The Central Bank of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country for violating…
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Nigerians spend $39.66bn on foreign education, medical tourism – CBN report
NIGERIANS spent a total of $39.66bn on foreign education and healthcare-related services between 2010 and 2020, according to the Central…
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Take advantage of Personal Income Tax, IMF tells Nigeria, others
THE International Monetary Fund has advised Nigeria and other developing countries to explore the revenue potential of personal income tax.…
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Supplementary budget: FG proposes N2.5tn for petrol subsidy
The President, Major General Muhammadu Buhari (retd.), on Tuesday, transmitted the 2022 Appropriation Act (Amendment) Bill to the National Assembly,…
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Insurance firms earned N630.36bn, paid N238.05bn claims – NAICOM
Insurance companies in the country earned N630.36bn premium in 2021 and paid N238.05bn as claims, the National Insurance Commission said…
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Reps approve Customs’ N369bn budget, raises revenue target by N965bn
The House of Representatives Committee on Customs and Excise has approved a budget with estimates totalling N369.14bn for the Nigeria…
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Banks’ forex ban: Dollar scarcity, inflation, firms’ closure imminent, experts warn
Financial analysts and economic experts have expressed worry over the plan by the Central Bank of Nigeria to stop the…
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