The Federal Government received N1.09tn from indirect taxes in the first two quarters of 2022, according to data from the National Bureau of Statistics.
This represents a 10.29 per cent increase from N984.33bn obtained in the first two quarters of 2021.
Indirect taxes are calculated based on current basic prices. They are taxes paid to the government by a producer or retailer and later passed on…
The Vice President, Professor Yemi Osinbajo, SAN, said it was unfitting to compare the realities of the Nigerian economy with those of other smaller African states.
He argued that at least 10 Nigerian states “have bigger GDPs than those countries.”
Osinbajo also noted…
The Federal Government is proposing a budget with estimates totalling N19.76tn, while the deficit will hover between N11.30tn and N12.41tn in the 2023 fiscal year.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, who made this known in Abuja on Monday…
Nigeria’s Grey raises $2M for cross-border payments play and regional expansion
August 29, 2022
The availability of digital overseas financial institution accounts has turn into a standard technique for fintechs to allow Nigerians and Africans to facilitate worldwide transfers. Within the newest improvement, Grey, a fintech on this class that gives digital worldwide financial institution accounts to African freelancers and distant staff, is saying that it has raised $2 million in seed…
Six international oil companies are to remit a total of N442.37bn in August 2022, being proceeds from the sale of domestic crude oil in May 2022, figures obtained from the Nigerian National Petroleum Company Limited on Monday showed.
NNPC explained that the N422.37bn was for…
The National Bureau of Statistics says prices of selected food items increased in July.
It made the declaration in its Selected Food Prices Watch Report for July 2022 released in Abuja on Monday.
The NBS stated that the average price of 1kg of white beans rose by 23.22 per…
The contractor handling the construction of the MKO Abiola International Airport at Ido Osun in Osun State, JM & AS Limited, has written the state government to demand immediate payment of N570.2m debt expended on the project or be ready for court action.
The firm gave the state government two weeks to pay the debt following reports that the airport had been handed over to the Nigeria Air…
Economists have advised Nigerians to brace for higher inflation in the coming months.
They said that political spending as preparations for the 2023 general elections heightens, worsening exchange rate and other factors would keep inflation high.
As the country prepares for…
Bitnob a leading Bitcoin company, Signs Kelechi Iheanacho as its Brand Ambassador
August 19, 2022
Bitnob, a leading Bitcoin company, has signed Super Eagles and Leicester City striker, Kelechi Iheanacho, also known as Senior man as its Brand Ambassador.
With this move, Bitnob further strengthens her commitment to the marriage of football and bitcoin in its effort to…
Pan-African IV Provider Smile Identity Launches their Inaugural State of KYC Report
August 19, 2022
August 16, 2022 – Smile Identity, the leading pan-African identity verification provider has today published its inaugural report on the State of KYC report H1 2022 where they delve into the different KYC processes as well as fraud trends they have noticed in Africa.
They are using their data to understand different trends across the continent and how these affect business, as well as…