Economy

By John Ikani The Federal Inland Revenue Service (FIRS), has unveiled a new initiative, the VAT Direct Initiative, aimed at collecting Value Added Taxes from the informal sector in Nigeria. The FIRS is teaming up with...

By John Ikani African financial leaders are spearheading efforts to revamp the global financial architecture, seeking a model that better serves the needs of the continent. The issue took center stage at the 2023 General Shareholders...

By Enyichukwu Enemanna Weeks to the second edition of the Russia-Africa Summit, Russian President Vladimir Putin has extended invitation to the Chairman of Libya’s Presidential Council, Mohamed Al-Menfi, urging him to attend the summit, the council’s...

By Enyichukwu Enemanna The third edition of the China-Africa Economic and Trade Expo in Changsha, Central China's Hunan Province, on Sunday came to end with at least 120 projects with a value of $10.3 billion signed,...

By John Ikani The adverse effects of fuel subsidy removal are projected to cause Nigeria's inflation rate to reach 25 percent in the near future, according to the World Bank's June 2023 edition of the Nigeria...

By John Ikani A survey has revealed that Nigeria's increasing crude oil production has helped mitigate declining output from other member countries of the Organization of Petroleum Exporting Countries (OPEC). The survey by Reuters indicates that...