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Category: Economy

Economy

Nigeria lost $1 trillion to tax evasion by multinationals in 2016 – Osinbajo

Iheanyi Ejiofor June 14, 2017 headline

Nigeria lost about $1trillion last year to tax evasion and avoidance by multinationals, according to acting President Yemi Osinbajo. Prof. Osinbajo made the disclosure at the end of the Federal…

Read More Nigeria lost $1 trillion to tax evasion by multinationals in 2016 – Osinbajo
Economy

20 per cent of 2017 budget to be funded by recovered loot- Obla

Iheanyi Ejiofor June 14, 2017

The Senior Special Assistant to President Muhammadu Buhari on Prosecutions, Okoi Obono-Obla, said on Tuesday that part of the 2017 budget will be financed by recovered looted funds. Mr. Obono-Obla…

Read More 20 per cent of 2017 budget to be funded by recovered loot- Obla
Business Economy

Naira lifted Again As CBN Injects $418m

Iheanyi Ejiofor June 13, 2017 headline

…Investors/Exports Segment Hits $2.2BN The Naira is set to be given further lift in the forex market with CBN’s injection of another $418 million into various segments of the Interbank…

Read More Naira lifted Again As CBN Injects $418m
Economy

FIRS generates N778bn in first quarter 2017

Iheanyi Ejiofor June 13, 2017 headline

The Federal Inland Revenue Service (FIRS) says it generated N778.19 billion revenue in the first quarter of 2017. This is according to a progress report by the FIRS sent to…

Read More FIRS generates N778bn in first quarter 2017
Business Economy

CBN boosts FOREX market with $413.5m

Iheanyi Ejiofor June 12, 2017 headline

The Central Bank of Nigeria (CBN) has intervened in the Interbank Foreign Exchange market to the tune of $413.5 million, further underscoring its resolve to guarantee liquidity in the market…

Read More CBN boosts FOREX market with $413.5m

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