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Sunday, January 17, 2021
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CATEGORY

Economy

Nigeria Inflation Rises to 15.75% in December 2020

Nigeria's headline inflation rose to 15.75 percent in December 2020, the highest since November 2017. Food inflation rose to 19.56 percent, while core inflation rose...

High Court Upholds Illegality of Stamp Duty Deductions Prior to Amendment of Act

The Federal High Court (FHC or “the Court”) Asaba Division, last month held that collection of stamp duties on prior to the amendment of...

India, Spain, Netherlands are Top Export Markets for Nigeria Goods

India, Spain and the Netherlands were the three (3) largest export markets of Nigeria in the third quarter (Q3) of 2020. India Export trade to India...

Nigeria Seeking to Keep Debt Costs Lower for Longer While It Can

Nigeria is seizing on historically low domestic bond yields to keep debt payments costs as low as possible even as it piles on more...

Nigeria Ranks 3rd on Intra-African Trade as total Africa Trade Down to $1.049trn

Despite reasonable economic growth, the volume of African trade actually fell by 0.13 percent last year from $1.051 trillion in 2018 to $1.049 trillion...

7 Key Takeaways as IMF Completes 2020 Article IV Mission to Nigeria

An International Monetary Fund (IMF) staff team led by Jesmin Rahman conducted a virtual mission from October 30 to November 17, 2020 in the...

CBN Unveils New N4.25bn Licensing Requirements for Payment Service Providers

The Central Bank of Nigeria (CBN) has unveiled new license categorizations for the payments system that will see any firm seeking to play in...

How Nigerian Corporates are Navigating Dollar Scarcity, Recession

Nigerian corporate organisations are employing various strategies to navigate the current recession and dollar shortages in the domestic economy. The corporates are dealing with lower...

Telco’s, Manufacturer’s Lead N416bn Company Income Tax Payment in Q3

Telecommunications and manufacturing firms led in the payment of company income tax (CIT) in the third quarter (Q3) of 2020, according to the latest...

Nigeria to Reopen Land Borders Soon – Finance Minister

Nigeria's finance Minister Zainab Ahmed has said that President Muhammadu Buhari will soon reopen the borders. The reopening of the borders is seen as a...

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