Economy

Nigeria’s inflation drops to 21.34% in December

By Onome Amuge Nigeria’s inflation rate fell for the first time in 11 months to 21.34 per cent , a…

CBN says reduction of cash-based transactions by 2025 will foster cashless economy

By Chisom Nwatu The Central Bank of Nigeria (CBN) has said the use of cash payment will naturally reduce by…

Analysts weigh in on economic, political outlook, see GDP deceleration

BY BEN EGUZOZIE  Election Year 2023 EIU, AfDB in number crunching As Nigeria enters into national elections this year, beginning…

LPLEL affirms Lekki Port readiness for operation

By Innocent Obasi Lekki Port LFTZ Enterprise Limited (LPLEL) has said the first phase of the Lekki Deep Sea Port…

Sweetened beverages production dips on Nigeria’s excise tax policy

BY ONOME AMUGE  Staggering from the blows of a dwindling revenue that has weakened its ability to meet its obligations,…

FGN grows VAT, CIT revenue by 25%, generates N3.5trn

Onome Amuge   The federal government’s revenue from Value Added Tax (VAT) and Company Income Tax (CIT) grew 25 per…