• Digital Economy: Nigeria Targets 3m Jobs, $88bn Investments

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    The federal government hinted yesterday that financial services within Nigeria’s digital economy will create over 3 million new jobs and add $88 billion asset to the nation’s economy over the next 10 years. This was disclosed at the meeting of ministers of developing countries under the auspices of Friends of E-commerce for Development (FED) who…

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  • World Economics Declares Nigeria Out Of Recession

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    World Economics, a London-based organisation, declared yesterday that after a few quarters of negative growth that saw the death of businesses, the Nigerian economy has wriggled out of recession. According to the organisation, which focuses on producing financial analysis on world economy, Nigeria’s “Market Growth Index grew to 58.5 in April as the monthly Sales…

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  • FIRS Makes N27bn From Tax Waiver Programme

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    The executive chairman, Federal Inland Revenue Service, FIRS, Tunde Fowler, has disclosed that the agency realised the sum of N27.086 billion from the waiver of tax penalty and interest programme. Fowler disclosed this yesterday in Abuja during the oversight visit by the House of Representatives Committee on Finance to the FIRS. The N27.086 billion realised…

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  • Recession: Economy Shows Signs Of Recovery – NBS

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    Indications that the country’s economy may be on its way out of recession emerged yesterday, following the release of the 2016 overall and last quarter Gross Domestic Product (GNP) reports by the Nigeria Bureau of Statistics (NBS), which showed some signs of recovery. The NBS report revealed that the nation’s GDP figures for the fourth…

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  • NASS Makes Volte-face, Approves 3-year Budget Plan

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    The National Assembly yesterday approved the 2017-2019 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) with the adjustment of the crude oil benchmark from projection $42.5 to $44.5 for the 2017 budget. LEADERSHIP recalls that the three-year plan was submitted to the National Assembly by President Muhammadu Buhari on Tuesday, October 4, 2016….

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