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Economy
FIRS records ₦4.95trn tax revenue collection in 2020
THE Federal Inland Revenue Service (FIRS) says it collected ₦4,952,243,711,728.37 as tax revenue in the 2020 fiscal year.Abdullahi Ahmad, Director of Communications and!-->!-->!-->…
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NATIONAL: Growth-starved Nigeria’s economy expends 83% of Revenue to Service debts
NIGERIA, a growth-starved economy, expends 83% of total revenue generated at the year-end 2020 to service the nation’s debt stock, analysts macroeconomic data has shown.After two!-->!-->!-->…
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NATIONAL: Nigeria’s inflation rate hits 15.75% over increase in food prices
NIGERIA'S headline inflation rate for December, 2020 hits 15.75% from 14.89% reported a month earlier on sustained increase in food prices. Rising 0.86% higher, data released by!-->!-->!-->…
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NATIONAL: Nigeria lost N5.4tn in tax evasion by multinational firms ― FIRS
THE Federal Inland Revenue Service FIRS has revealed that about N5.4tn was lost through tax evasion by multinational companies operating in the country within 10 years period covering!-->…
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OPEC anticipates downside risks for oil markets in H1:2021
The Organisation of the Petroleum Exporting Countries (OPEC) anticipates downside risks for oil markets in the first half of 2021, Mohammad Barkindo, its Secretary-General hinted.!-->…
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NATIONAL: CBN gov, Emefiele takes battle to ‘media analysts’
• ‘You will also go down when the roof falls’GOVERNOR of the Central Bank of Nigeria (CBN), Godwin Emefiele, last night, took a firm stand against those he described as!-->!-->!-->…
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Proactive measures not cyclical factors can revive Nigerian economy – CSL
AS the economy slipped into recession, analysts at CSL Stockbrokers have hinted that proactive measures rather than cyclical factors are capable to revive the Nigerian economy.the!-->!-->!-->…
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NATIONAL: Black Market’ can’t determine value of Naira — Emefiele insists
CENTRAL Bank Governor Godwin Emefiele on Tuesday said the parallel market – otherwise known as the black market – cannot be used to determine the true value of the country’s currency,!-->…
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PPPs Attract $8.5bn into Nigeria in 10 years – ICRC
THE Infrastructure Concession Regulatory Commission (ICRC) has shored up the Nigerian economy with over $8.5b from Public Private Partnerships (PPPs) in 10 years.The!-->!-->!-->!-->!-->…
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Nigeria’s PMI signals slow path to economic recovery
Path to economic recovery may be slowed down as the performance of the Nigerian economic sector remains in the wood.The October Purchasing Managers’ Index for the manufacturing!-->!-->!-->…
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