The African Development Bank says Africa can unlock more than $469bn in additional annual revenue through improved tax administration and compliance, without raising tax rates.
Nigerian stock deals jumped 44% due to bank recapitalization efforts, signaling increased investor confidence and optimism in the financial sector’s stability.
Stock investors in Nigeria saw a N4.4 trillion gain in March, led by the banking sector, amid economic reforms and turbulence in the foreign exchange market.
In a striking contrast to global trends, the Nigerian stock market impressively gains N6.29 trillion, outperforming other markets amidst worldwide economic challenges.
The African Development Bank says Africa can unlock more than $469bn in additional annual revenue through improved tax administration and compliance, without raising tax rates.