Business news

Banks’ impairment charges down by 34% to N86bn in six months

Banks’ provision for loan losses have improved significantly as it reduced by 34 percent in the six months ended June…

Nigeria earned N35trn from tax in eight years — FIRS

Within an eight-year period covering 2011 and 2018, the country earned a total of N35.56 trillion as tax revenue, statistics…

Nigeria’s growth rate slows at Q2’19 to 1.94%

Data just published by Nigeria's stats office indicates that the Nigerian economy grew at a slower pace in the second…

Banks suffer N100bn bad loans in power sector

A total of N100.42bn loans advanced by the nation’s banks to power firms have been recorded as non-performing, the latest…

Obasanjo Farms, Omisore, Davido, other 19,901 accounts ‘owing’ taxes says FIRS

Accounts belonging to Obasanjo Farms and Iyiola Omisore are some of the accounts that have been placed under lien for…

Grant tax relief to industries operating in Nigeria, broker appeals to FG

Chief Angus Uzoamaka, an Abuja-based insurance broker, has urged the Federal Government to consider tax relief for industries operating in…

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