Nigerian Economy Latest News Today

The adoption of the common currency, expected to be issued in June 2020, is part of efforts by ECOWAS to establish a single currency among its members and ensure regional economic integration.

Ahmed Idris, the accountant-general of the federation, says the implementation of the finance bill has begun. One of the provisions included in the Finance Bill is the increment of the rate of value-added tax from 5% to 7.5%.

The Akwa Ibom state government says it is releasing the report because there have been attempts to push a misleading narrative that the state government has not paid various arrears owed civil servants.

It is a positive outlook for Nigeria as the World Bank has predicted an economic growth of 2.1% for the three consecutive years of 2020, 2021 and 2023.

Chairman of Ibom Air, Air Commodore Idongesit Nkanga (rtd), stated this during a press conference with journalists in Uyo, the Akwa Ibom state capital on Tuesday, January 7.

The ruling All Progressives Congress (APC) has lashed out at the opposition Peoples Democratic Party (PDP) over claims that 40 million Nigerians have lost their jobs under its administration.