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Nigeria Economy

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Nigeria Earns $1.7 Billion in Taxes from Foreign Firms Over 9 Months

Nigeria's tax revenue from foreign firms surged 44% in 9M 2024, hitting N2.57 trillion, amid compliance efforts.
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Dangote Refinery Slashes Petrol Price To N899.50

Dangote petrol price cut brings festive relief, says PETROAN.
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Dangote Refinery Exports to Other Parts of The World

Dangote refinery exports PMS, diesel to Africa countries and Europe.
Business

Naira Plummets to N1,780/$1 as Forex Volatility Grows

The naira plummets to N1,780/$1 in the black market, reversing gains as forex volatility raises concerns about Nigeria’s economic stability
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Oyedele Says No Plan To Outsource Tax Collection To Consultants

Nigeria will not rely on Alpha Bata and other consultants to collect tax, FIRS is capable of doing that, Taiwo Oyedele clarifies.
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Tax Reform Bills to Get National Assembly Scrutiny, Public Interest First

Experts agree on the possible pros and cons of proposed tax reform bills but Nigerians can be assured that the National Assembly will thoroughly deliberate on it in the interest of the country.
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Insecurity Hampers Nigeria’s Economic Development Across Key Sectors

Insecurity disrupts Nigeria's economic development, weakening key sectors like agriculture, oil, and foreign investment, and requires multi-level solutions.
Business

World Bank Forecasts Nigeria’s Revenue-to-GDP Ratio to Surpass 10.5%

The World Bank projects Nigeria’s revenue-to-GDP ratio to exceed 10.5% in 2024, while the government tackles inflation with agriculture-focused initiatives
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Nigeria Unveils Plan to Tackle Inflation, Boost Jobs

Nigeria’s finance minister introduces economic reforms focused on reducing inflation, creating jobs, and fostering growth in agriculture, housing, and oil sectors.
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Leaders Urge Tinubu to Ease Burden of Fuel Price Hike on Citizens

Nigerian leaders, including Senator Shehu Sani, call on President Tinubu to ease the impact of rising fuel prices on the poor and ensure shared sacrifices.
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Why Cement Prices Are Skyrocketing in Nigeria

BUA Cement's AbdulSamad Rabiu explains the rise in cement prices in Nigeria, citing dealer practices and economic challenges as key factors.
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Nigeria’s Rusty FX Market Struggles to Rebound

Nigeria’s FX market faces ongoing challenges, with liquidity shortages and volatility threatening economic recovery despite government interventions.
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