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Nollywood movie production rises by 478% in 4 years
Behind every great movie are crew members, an amazing script, and production companies that put an abundance of work into ensuring the movie emerges amazing for viewers to watch and enjoy.…
How digitisation raised company income tax (CIT) to 73% in 2020
Digitisation has started to have a positive impact on Company Income Tax (CIT) collection in Nigeria, with the share of CIT collected through E-transact, E-tax pay and Remitta (GIFMIS)…
Exchange rate, other factors in N172bn increase in VAT Q1 2021
If anyone is relieved now, it is those in the corridors of power because of the prospect the increase in Value Added Tax (VAT) at the end of the first quarter 2021 gives them. Nigeria’s data…
PAYE, MDAs’ revenue, other taxes respond to reforms most in 3 years
Three major components of states’ Internally Generated Revenue (IGR) have responded to reforms the most as they accounted for the largest chunk of IGR revenue of the 36 states and FCT in the…
Applause as economy recovers N559bn from non-performing loans
The heterodox policies of the Central Bank of Nigeria (CBN) have started to yield some desired results in the nation’s financial sector. This could be seen in the downward movement of the…
Will Africans take COVID-19 vaccine?
Initially, there was so much misinformation on Covid-19 vaccines out there, a development that made national governments and health officials to be wary of the acceptability of Covid 19…
Revenue vs debt: Why some states need to be cautious
A few days ago, a notable governor in Nigeria stirred up a hornets’ nest when he said the country was in a deep financial crisis due to declining revenue, so much so that, in March 2021, the…
Here’s how Nigerian capital market performed in Q1 2021
The optimism that shaped the Nigerian capital market at the beginning of the year waned towards the end of the first quarter of 2021. This is evident in the returns posted by most of the…
Rising transportation costs amidst high unemployment rate
Transportation in Nigeria is by land, water and air. Across the states of the federation, the patronage a means of transport gets depends on the locations and amount of transport…
How voice, internet subscriptions benefited from COVID 19
Economic activities in the 36 states and FCT appear to be picking up following a noticeable growth in voice and internet subscriptions in the last twelve months. The non-pharmaceutical…