Despite the backdrop of the positive growth reported for the Nigerian economy in the second quarter 2021 amidst the adverse effect of the COVID-19 pandemic and the drop in Nigeria oil production, a few numbers of commercial banks have recorded impressive growth in their revenues.
Findings from the financial results of five leading banks listed on the Nigerian Exchange Limited (NGX) show that the combined gross earnings grew marginally.
President Tinubu has congratulated corporate Nigeria, investors, and stakeholders in the Nigerian capital market for surpassing the historic N100 trillion market capitalisation on the Nigerian Exchange (NGX). Describing the milestone as an “inspiration for the investing public,” President Tinubu urged Nigerians to
By Prosper Okoye Nigeria’s customs authorities say they are strengthening intelligence-led operations in a move they say could curb smuggling, improve border security and protect government revenue. The Comptroller-General of Customs, Adewale Adeniyi, told officers of the Customs Intelligence Unit in Abuja
The Budget Office of the Federation (BOF) has clarified the legal basis for the repeal and re-enactment of the 2024 and 2025 Appropriation Acts, responding to public concerns over alleged constitutional breaches, fiscal illegality, and restricted access to budget documents. In a
Nigeria’s ongoing tax reform, one of the most ambitious fiscal restructuring efforts in recent decades, risks failure if implementation is not carefully sequenced, socially sensitive and politically timed, the Centre for the Promotion of Private Enterprise (CPPE) has warned. In a policy
The Executive Chairman of the Nigeria Revenue Service (NRS), Dr. Zacchaeus Adedeji, has assured Nigerians that the country’s new tax reforms, effective January 1, 2026, are designed to protect low-income earners while broadening the tax base. Addressing concerns that the reforms
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