Nigeria’s total public debt stock hits N46.25trn in Q4 2022 – NBS
Nigeria’s total public debt stock consisting of domestic and external debt stocks of the Federal Government of Nigeria, the 36 State Governments and the Federal Capital Territory hit N46.25 trillion or 103.11 billion dollars inn Q4 2022. The National Bureau of Statistics (NBS) made this known on Friday in its Nigerian Domestic and Foreign Debt […]
2023: FG should sustain targeted interventions to avert recession — LCCI
By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to sustain its interventions in critical sectors of the economy to prevent the country from going into economic recession in 2023. Director General, LCCI, Dr Chinyere Almona, made the call in a statement made available to Vanguard on projecting […]
FG’s deficit spending falls 21% to N530bn in October — CBN
By Babajide Komolafe, Economy Editor Deficit spending by the Federal Government fell by 21 per cent, Month-on-Month, MoM, to N530 billion in October last year from N670.7 billion in September, driven by decline in interest payment on domestic debts. Meanwhile, revenue into the Federation Account rose by 7.0 per cent, MoM to N1.178 trillion in October […]
Julius Rone: The Gas King
By JEREMIAH UROWAYINO, Assistant Online Editor THE Group Managing Director, of UTM Offshore Limited, UTMOL, Mr. Julius Rone, OFR, fondly called ‘The Gas King’, has lived up to that title when he took the bold steps toward the implementation of Nigeria’s first floating liquefied natural gas, FLNG, facility. This, which is in line with the Federal […]
Tax clearance certificate now easy to obtain — FIRS
By Emma Ujah, Abuja Bureau Chief The Federal Inland Revenue Service (FIRS) has said that taxpayers can now obtain their Tax Clearance Certificate in a single click through its flagship taxpro max solution. The solution which is a tax administration module introduced by the apex tax authority in June 2021 is a one-stop-shop for taxpayer registration, […]
One-third of the world will face recession this year, IMF warns
The International Monetary Fund, IMF, has warned that a third of the global economy will face recession this year. Managing Director of the IMF, Kristalina Georgieva, who disclosed this in an interview with CBS news, an American broadcast television and radio network, noted that economic activities in the United States, the European Union, and China are […]
