Nigeria’s Tax-to-Gross Domestic Product (GDP) ratio rose to ten point eight-six percent in 2021. In a letter by the Statistician-General of the Federation, Prince Adeyemi Adeniran, to the Federal Inland…
Business & Economy
Dangote Refinery: President Buhari Calls For Collaboration Between African Countries, Describes Dangote Refinery Game Changer For Nigeria’s Economy
President Muhammadu Buhari on Monday inaugurated Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, which is expected to enable Nigeria to achieve self-sufficiency in refined products and even have surplus for export. Speaking…
Banks get 30-day deadline to close accounts without BVN
The Central Bank of Nigeria (CBN) has given banks and other financial institutions a 30-day timeline to close accounts without Bank Verification (BVN). Data from the Nigeria Inter-Bank Settlement System…
Telcos Move to Disconnect Banks over N120bn USSD Debt
Telecom Operators, under the platform of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), yesterday warned that they have endured beyond limits the lingering Unstructured Supplementary Service Data (USSD)…
SERAP may sue World Bank over Nigeria’s Eight hundred million dollars loan request
Socio-Economic Rights and Accountability Project (SERAP) is asking the World Bank to suspend the disbursement of the Eight hundred million dollars loan to the Federal Government of Nigeria. The organization…
The National Economic Council, on Thursday, in Abuja, said it has agreed that petrol subsidy should “not be removed” as earlier planned for June 2023. The Minister of Finance, Budget…