Economy
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SEC Charts Course for Cryptocurrency Taxation, Aiming to Boost Government Revenue
The Securities and Exchange Commission (SEC) is developing new regulations to incorporate cryptocurrency transactions into the official tax system, marking a dramatic…
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Inflation Rate Drops Significantly After CPI Rebasing
Nigeria’s inflation rate has experienced a significant drop, landing at 24.48% year-on-year in January 2025. This dramatic shift follows the rebasing…
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2025 Budget Revised: N54.9 Trillion Approved with Key Adjustments
The National Assembly has recalibrated the 2025 budget, making key adjustments to expenditure allocations while maintaining the overall budget size…
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Capital Inflow Dips to $1.63 Billion in November Amidst Investor Concerns
Nigeria’s allure for international investors appears to be waning, as capital inflow into the nation plummeted to $1.63 billion in…
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Trump says US auto tariffs to be around 25%
US President Donald Trump expanded his offensive against trading partners on Tuesday, threatening 25 percent tariffs on imported cars, and…
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Naira down to N1,565/$ in parallel market
THE Naira yesterday depreciated to N1,565 per dollar in the parallel market from N1,555 per dollar on Monday. But the…
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FG urges traders to reduce food prices
The Federal Government has urged retailers to reflect the reduction in food prices and shun exploiting consumers. Abubakar Kyari, the…
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Pension fund exposure in FGN securities rise by 18.5% to N14.1trn
The Federal Government, FGN Securities’ Net Asset Value, NAV, under the Pension Fund Administrators, PFAs’, investment rose significantly by 18.5% to…
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Customs expands its AEO initiative to key industries
The Nigeria Customs Service (NCS) has expanded the Authorized Economic Operators (AEO) programme to include manufacturers, logistics companies, and agricultural firms.…
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