Reps kill motion to suspend implementation of 7.5% VAT
Businessam Staff
June 2, 2020
The House of Representatives has rejected a motion seeking to suspend implementation of the 7.5% Value Added Tax (VAT) Act in the
Economy contracted in May, says CBN report
Businessam StaffJune 1, 2020
Economic activities in manufacturing, production, new others and other indices contracted in May after recording at least 36 months of
CBN predicts negative economic growth in second quarter
Businessam StaffMay 28, 2020
The Central Bank of Nigeria has predicted negative gross domestic product growth for the country in the second quarter of 2020 owing
Foreign direct investment dropped to $214.25m in Q1 – NBS
Businessam StaffMay 27, 2020
Foreign direct investment into the country dropped to $214.25m in the first quarter of 2020 from $257.25m in the fourth quarter of
‘Expect large local borrowings by govt’
Businessam StaffMay 26, 2020
The federal government will embark on a lot of domestic borrowings to finance the budget due to the impact of the COVID-19 pandemic.
Economy may contract in Q2, NECA warns
Buinessam StaffMay 26, 2020
The Nigeria Employers Consultative Association has called on the fiscal and monetary authorities to develop more aggressive and
Liberalise railway transport, develop non-oil export, ANLCA gives hints to develop Nigeria’s post-Covid-19 economy
Samson EchenimMay 21, 2020
The Nigerian government has been urged to liberalise the railway system to allow private investors in the critical transport system.
FG, states, LGs share N606bn dividend from national income in April
Businessam StaffMay 20, 2020
The national government known more widely as federal, along with the two sub-nationals, state and local governments shared over
Currency in circulation rises N11.38bn in one month to reach N2.3trn
Omobayo AzeezMay 20, 2020
By OmobayoAzeez The total currency in circulation in the country rose to N2.3trillion as of April 30 after closing at N2.29trillion on
10-years after, Nigerians raise expenditure on food, non-food items by over 95%
Businessam StaffMay 20, 2020
2009/2010: N21.62trn 2019/2019: N40.20trn Within a ten-year period, Nigerians appetite for foods and non-food household consumption