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Nigeria to widen tax net over revenue shortfall - Businessday NG
Sep 26, 2024 · Ghana’s tax to GDP is estimated at 14 percent. Rwanda is currently at 24 percent, while Kenya’s is 14.3 percent, says the World Bank. Nigeria’s total public debt stood at N121. 67 trillion in the first quarter of 2024, from N97. 34 trillion in the fourth quarter (Q4) of 2023. Read also: Ministers jittery as Tinubu hints on cabinet reshuffle.
Nigeria’s business activity drops to 8-months low on cost pressures
Aug 11, 2024 · Nigeria’s business activity drops to 8-months low on cost pressures. Eniola Olatunji. August 11, 2024. Business activity in Nigeria fell to eight month low in July, as steep price pressures hit demand and resulted in renewed reductions in both business activity and new orders, a new Purchasing Managers’ Index (PMI) has shown.
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Aradel to pay N34.8 billion interim dividend less than a month after listing. In nine months in 2024, Aradel Holdings posted a net profit of N110.6 billion, marking a 477 percent year-on-year growth, from the N19.2 billion recorded in the corresponding period in 2023.
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About BusinessDay Nigeria. BusinessDay is the premier provider of business and financial intelligence and insight in West Africa and a two-time winner of the Diageo Africa business newspaper of the year award in 2010. It is 100 per cent owned by BusinessDay Media Limited, an independent media company incorporated in Lagos.
Exploring the Nigerian business landscape: opportunities and …
Jun 1, 2023 · The Nigerian business landscape is faced with a myriad of economic challenges including reductions in capital importation and foreign direct investment – in the last quarter of 2022, capital importation was reduced by more than 50%, and foreign direct investment was reduced by 33% as compared to the corresponding period in 2021; the multiplicity of exchange rates as well as the volatile ...
25 Nigerian firms make FT 2024 Africa’s fastest growing list
May 14, 2024 · The Nigerian firms are Omniretail, Moniepoint, Afex Commodities Exchange Limited, Mycredit Investments Limited, Alpha Morgan Capital Managers Limited, Thrive Agric Limited, Bisedge Limited, The Seamless Company Limited, West African Soy Industries Limited, Sundry Markets Limited, Veritas Homes and Properties Limited and Paga Group Limited.
Nigeria’s minimum wage increase: A step forward, but challenges …
The Editorial Board. August 20, 2024. In mid-July 2024, President Bola Tinubu approved a significant increase in Nigeria’s minimum wage, raising it from ₦30,000 to ₦70,000. This adjustment aimed to address the rising costs of essentials such as food, transportation, and utilities, which had rendered the previous wage insufficient.
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Nigerian firms defy economic woes, grow liquidity by 48%
Sep 2, 2024 · Nigerian firms defy economic woes, grow liquidity by 48%. Chinwe Michael and Ifeoluwa Adebayo. September 2, 2024. Despite a challenging economic environment, Nigerian businesses have demonstrated resilience, significantly increasing their liquidity levels. BusinessDay’s analysis of the latest financial statements of 14 companies shows that ...