A tax expert, Aderonke Atoyebi, has debunked the widespread misconception regarding the newly introduced Tax Identification, describing the rumours as dangerous.
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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CBN crashes dollar with $29 million intervention in FX market
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Lab-grown diamonds robbing southern Africa of riches
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Naira gains N37, experts warn dollar hoarders of big losses
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US Fed poised for first rate cut of 2025 as political tension mounts
Economy Latest News
FG earns N80.86 billion from Electronic Transfer Levy in 6 months
The Nigerian government has earned about N80.86 billion from Electronic Transfer Levy in the first six months of 2023 and projects to earn more this year..
"Giants of Africa": World Bank report Shows 10 largest economies in Africa, Egypt threatens Nigeria's position
The World Bank's latest report on Africa's largest economies shows that Nigeria and Egypt are sparing for the top position with $477 billion respectively..
"No Longer N8k": Full List of goodies FG proposes to give Nigerians as palliative
The Nigerian government has abandoned the proposed N8,000 palliative and instead, rolled out a slew of measures for alleviate the pains of subsidy removal.
Top 10 countries with highest food inflation between March and June 2023
President Bola Tinubu's fuel subsidies removal and naira float policy resulted in a decline in the naira as well as an increase in transport and import costs
India bans rice export to Nigeria, other countries amid inflation
The Indian government has announced ban on rice exports to Nigeria and other African countries as it battles to boost local supplies battle high inflation.
Tinubu to reduce the number of taxes From 52 to 10 for Nigerians, businesses, rename FIRS
The federal government is planning to to streamline the number of taxes in Nigeria from 52 to 10 to boost investors' confidence and also planning to rename FIRS
Nigeria's excess crude account drops from $2bn to below $500k, Lawmakers demand explanation from CBN
The Central Bank of Nigeria has been asked by lawmakers to come and provide explanation on management of excess crude account as balance falls below $500,000.
Naira experiences biggest Fall, trades for N870 per dollar as CBN pegs exchange at N770.889 per dollar on website
The Nigerian naira has crashed to an all-time low of N870 per dollar in the parallel market as more buyers chase the US dollars for Summer travel, school fees
World Bank ranks Nigeria as Africa’s largest economy for fifth year in a row, Egypt fast catching up
The World Bank says Nigeria is still Africa's largest economy for five consecutive years, followed by Egypt in a close margin after overtaking South Africa.
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