• 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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  • CBN Set To Inject More Dollars Into Forex Market

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    There are strong indications that the Central Bank of Nigeria (CBN) is unrelenting in its move to ensure liquidity in the interbank FOREX market, as signal from the bank shouwed it will inject more foreign exchange into market early this week. The information about the action of the apex bank, which became rife over the…

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  • Citing Recession, Change In Priority, Organisations Ditch Yuletide Decorations

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    The usual glamorous sight of beautiful and colourful decorations of buildings and offices by corporate organisations and government agencies during Christmas and New Year celebrations are missing this year across the country, due to economic challenges in the country and change in priority, among others, by organisations. In Abuja for instance, unlike previous years when…

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  • FIRS Expands Tax Net With 3million New Taxpayers

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    Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler said the number of taxpayers in the Nigerian tax database has been increased by 3 million additional taxpayers in the last few months. The new rate brings the official number of individuals and enterprises in the country to 13, 034,22 million from about 10 million…

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  • Assessing The Planned Increase In VAT

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    The burden of a possible VAT increment in Nigeria may be huge, but the benefits cannot be undermined. In this report, MARK ITSIBOR takes a look at the gains and losses of the proposed increase in the nation’s VAT rate. To stakeholders in the Nigerian communication industry, the plan by the authority to increase communication…

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