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FG Moves to Review Tax Laws to Woo Investors

The Federal Government is making moves to review the country’s tax laws as part of efforts to attract investors and create an enabling environment for businesses to thrive. The Minister of [...]

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DOUBLE TAX COMPLIANCE TO GDP RATIO TO 50%, IMF TELLS NIGERIA

The International Monetary Fund, an arm of the World Bank Group tells Nigeria to double her tax compliance to GDP ratio from 25 per cent to 50 per cent. Amine Mati, head of IMF in Nigeria, said [...]

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EXPERTS OPTIMISTIC ABOUT ECONOMY DESPITE CHALLENGES

Despite challenges faced by the Nigerian economy recovering from recession, experts within the financial and investment sector have expressed optimism in the growth of business activities in the [...]

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CRUDE PRICES RISE ABOVE $80 FOR FIRST TIME SINCE 2014

Benchmark Oil contract Brent North Sea briefly surged above $80 a barrel Thursday, hitting its highest level since late 2014 and extending a recent run fuelled by tight supply concerns. European [...]

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41 ITEMS STILL BANNED UNDER NIGERIA-CHINA CURRENCY SWAP DEAL – CBN

The Central Bank of Nigeria (CBN) said the Nigeria-China currency swap deal would not cover the importation of the 41 items banned in its 2015 circular on items not valid for Foreign Exchange. [...]

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N360BN TAX LIABILITY: Evaders Have Two Months Left to Pay Through VAIDS or Risk Severe Punishment — FG

The Federal Government launched the Voluntary Asset and Income Declaration Scheme (VAIDS) on June 29, 2017 to address the problem of low tax compliance in the country and to generate the [...]

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Rising US Interest Rates Threaten Capital Flows into Nigeria

Financial and economic experts have said the return of Foreign Portfolio Investors to Nigeria is being threatened by the rising interest rates in the United States. Last week, the National Bureau [...]

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Nigerian Economy Expands in Q1 as Oil Output Rises

Nigeria’s economy expanded for a fourth straight quarter in the first three months of the year, boosted by an increase in Oil prices and output. Gross Domestic Product expanded 1.95 percent in [...]

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Senate Passes CAMA Bill, Most Comprehensive Pro-Business Reform Bill

The Senate on Tuesday, 16th of May 2018 passed into law, a bill for an Act to repeal the Companies and Allied Matters Act, 1990, CAMA amendment bill, which is the biggest business reform bill in [...]

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STOCK MARKET REPORT FOR 18TH OF MAY, 2018

A total turnover of 1.457 billion shares worth N23.666 Billion in 19,674 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.586 billion shares [...]

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