The CBN’s Economic Report for the review period showed that the rise was from $28.31 billion in the corresponding period of 2023. Data from the Central Bank of Nigeria said the net foreign exchange (FX) inflows through the economy rose by 65.7 per cent year-on-year (YoY) to $46.92 billion in the first ten months of 2024 (10m’24). The CBN’s Economic …

The manufacturing sector remained the top contributor to Value-added Tax (VAT) with a contribution of N395.34 billion, representing 22.21 percent of the N1.78 trillion total VAT collections in the third quarter of 2024 (Q3’24), reaffirming its critical role in Nigeria’s economic development. Recall that the National Bureau of Statistics (NBS) also reported the manufacturing sector as the highest sectoral contributor, accounting …

The party’s National Working Committee (NWC) stated this on Sunday during a visit to the Bayelsa State Governor, Senator Douye Diri, at his country home, Sampou, in Kolokuma/Opokuma Local Government Area. The national leadership of the Peoples Democratic Party (PDP) has said that by 2027, the party will produce more state governors from the current 12 and take over governance …