Financial institutions tasked with gathering stamp duty on international transactions
Banks are poised to implement a stamp duty charge on historical foreign transactions made between January 2021 and December 2023 by January 31, 2024,...
LCCI forecasts a decrease in the inflation rate for 2024
Gabriel Idahosa, President of the Lagos Chamber of Commerce and Industry, anticipates a slowdown in Nigeria's inflation rate for 2024. He highlighted the removal...
High food inflation impacts Nigeria and other countries the most, states World Bank
The World Bank's recent Food Security Update highlighted that Nigeria and several other nations in Africa, North America, and Latin America are grappling with...
Worsening insecurity and economic challenges anticipated in six states, according to the World Bank
The World Bank has forecasted persistent insecurity, armed conflict, and worsening livelihoods in specific regions of Nigeria, including Borno, Kaduna, Katsina, Sokoto, Yobe, Zamfara...
Nigerian firms amass an enormous cash reserve of N2.3 trillion, marking the largest accumulation in recent history
Nigerian corporations entered the last quarter of the year boasting a record-breaking cash reserve of N2.3 trillion, marking the highest balance in recent memory.
This...
