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Farooq

Archive by Category "Nigeria" (Page 2)

HomeArchive by Category "Nigeria" (Page 2)
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LAGOS, April 20 (Reuters) – Waiting at a crowded bus stop for a ride to work, Osheme Antoine dreams of raising a big family one day. Such dreams, shared by millions, mean Nigeria’s bus queues are likely to get even longer in decades to come. President Muhammadu Buhari’s budget plan for this year boosts investment […]

LAGOS, April 20 (Reuters) – Yields are expected to rise at Nigeria’s local currency denominated treasury bills auction on Wednesday in tandem with a higher inflation figure for March and possible increase in interest rates by the central bank at its meeting next month. Africa’s biggest economy plans to raise 167.51 billion naira ($845 million) […]

  • Shell

Shell Petroleum Development Company (SPDC) and the Joint Venture (JV) partners remitted $42 billion to the Nigerian Government between 2011 and 2015. Nigeria’s Nation newspaper report on Tuesday said that Royal Dutch Shell’s 2015 Sustainability Report released on Monday stated the oil giant also paid royalties and corporate taxes worth $1.1 billion to the Nigerian […]

April 19, 2016 At a the conclusion of the 2016 World Bank/IMF Spring meeting in Washington D.C., Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) spoke at a press conference, saying that the Federal Government of Nigeria is in talks with China concerning the increase of exports to the Asian superpower. According […]

By Obinna Chima Central Bank of Nigeria (CBN) Governor, Mr. Godwin Ifeanyi Emefiele, has expressed optimism that the agreement reached between Nigeria and China last week on a currency swap will strengthen the naira and help reduce the strong demand for the US dollar in the country. President Muhammadu Buhari last week travelled with a […]

A lot have been made of President Buhari’s trip to China. Politicians from both major parties have either praised the achievements of the president while his opponents are focusing their criticisms on the weakness of the deal. We will dissect both of those at a later date but let’s separate fact from fiction and highlight […]

LAGOS, April 17 (Xinhua) — Nigeria’s plan to increase the availability of renminbi (Yuan) has already favored the Naira against the U.S. dollar, a top official with the Association of Bureau De Change Operators of Nigeria said Sunday. Aminu Gwadabe, President of the Association disclosed this to reporters in Abuja, saying since the announcement, the […]

If the administration of Value Added Tax (VAT) is decentralised to allow states administer tax law, Nigeria can realise average total revenue of N560 billion monthly. This is an equivalent of N6.7 trillion yearly, at the five per cent VAT rate, founding President, Association of National Accountants of Nigeria (ANAN), Mr. Omoba Olumuyiwa Sosanya, has […]

ABUJA, April 16 (Reuters) – Nigeria, which is going through its worst economic crisis in years, has not turned to the International Monetary Fund (IMF) for financial assistance because it is “not sick”, its finance minister said. Africa’s top oil exporter, which has the continent’s biggest economy, has been hit hard by the fall in […]

April 15, 2016 – By NairaFX IMF Managing Director, Christine Lagarde, who speaking at the opening press briefing of the fund at the 2016 Spring Meetings of the IMF-World Bank in Washington D.C., has asked that the Nigerian Federal Government look for assistance from international institutions that have the capacity to aid the Nigerian economy […]