In a recent statement during the KPMG Arise TV Budget Day program, Senator Atiku Bagudu, the Minister of Budget and Economic Planning, emphasized Nigeria’s goal to attract a minimum of $100 billion in investments by 2050, with a significant focus…
Mike Adenuga’s Net Worth Soars to $7.4 Billion, Securing Nigeria’s Second Richest Position. Renowned telecom tycoon and oil magnate, Mike Adenuga, has reclaimed his status as Nigeria’s second-richest individual, boasting a substantial net worth of $7.4 billion. This impressive…
Nigeria for Women Project: Federal Government Expands $100 Million World Bank Initiative to Boost Rural Empowerment. The Federal Government is set to broaden the impact of the Nigeria for Women Project (NFWP) in partnership with the World Bank, aiming to…
Global Crude Oil Prices Surge to $79 as Geopolitical Tensions Escalate. In a significant development, Brent crude oil prices experienced a notable 2.3% surge, reaching $79 per barrel on January 12, 2024. A comprehensive analysis by financebobo at 01:54…
In a strategic move to rejuvenate the Ajaokuta Light Steel mill, the Federal Government is set to raise approximately N35 billion through local financing. This announcement was made by the Minister of Steel Development, Mr. Shuaibu Audu, following a crucial…
Introduction: The Nigerian National Petroleum Company Limited (NNPCL) has made headlines by achieving its highest profit in 45 years, reporting an impressive N2.548 trillion for the year 2022. This milestone, highlighted in the company’s 2022 Financial Performance Report, signifies a…
The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, recently revealed that the organization fell short of its revenue target for 2023, reaching 87% of the projected N3.68 trillion. Despite facing a challenging operational environment, the NCS achieved a…
Nigeria’s central bank limits cash withdrawals to 100k in order to reduce the use of cash. The Central Bank of Nigeria (CBN) has imposed new cash withdrawal limitations that take effect on January 9, 2023, for both individuals and organizations.…
Most Americans living in Nigeria are on work placement, having determined that the professional and financial benefits exceed the risks. What specifically do you need to learn about the filing of tax returns in Nigeria? That’s what this article…