Finance minister decries 6% Tax To GDP Ratio
25 April 2017 | 4:21 am
Finance minister decries 6% Tax To GDP Ratio.
28 Aug 2019
Nigeria targets 3.01% GDP growth in the third quarter of 2019
13 Oct 2019
The Central Bank of Nigeria has reviewed upwards the minimum loan-to-deposit-ratio (LDR) for banks in the country from 60 to 65 per cent. The new directive comes just after the closure of September 30th deadline set by the regulator for banks to meet the 60 per cent loan-to-deposit-ratio. Meanwhile, oil prices steadied today although gains were capped as weak economic readings in the United States depressed global markets. Research Analyst at Financial Derivatives, Funmi Adebowale joins CNBC Africa for more.
26 Oct 2019
The Chinese economy grew an underwhelming 6% in quarter three, its weakest rate in at least 27 years. An ongoing trade war with the US continues to weigh on the world's second-largest economy.
21 Nov 2019
The Central Bank of Nigeria (CBN) says the aggregate foreign exchange inflow into Nigeria reached $10.89 billion in October while outflow from the economy was $5.1 in the same period. Director at Zedcrest Capital, Oluseyi Akinbi joins CNBC Africa to discuss stories around Nigeria’s fixed income market. (CBN) says the aggregate foreign exchange inflow into Nigeria reached $10.89 billion in October while outflow from the economy was $5.1 in the same period. Director at Zedcrest Capital, Oluseyi Akinbi joins CNBC Africa to discuss stories around Nigeria’s fixed income market.
21 Jan 2020
Finance Minister Sajid Javid urged firms to "adjust" to the reality of Brexit. British firms have warned about "huge" costs and disruption should the UK not reach a trade deal by the end of this year's transition phase.
18 May 2020
The Nigeria Economic Summit Group, NESG, is forecasting a deeper recession for the country as it says it expects real GDP to decline by 7.3 per cent this year on the back of the COVID-19 outbreak, dwindling oil prices among other indicators. Joining CNBC Africa to discuss the details is the CEO of the Nigeria Economic Summit Group, Laoye Jaiyeola.
25 May 2020
Here is why you should pick up a copy of The Guardian on Tuesday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Tuesday.
13 Jun 2020
Gbajabiamila, Finance Minister meets over Nigeria's borrowing plans
24 Jun 2020
In March, economic advisers to the German government expected coronavirus-caused lockdowns to last for only 5 weeks. On Tuesday, they had to drastically revise down their former growth forecast for the current year.
2 Aug 2020
The coronavirus pandemic caused the largest GDP drop ever recorded for the 19 EU countries using the euro as currency, according to estimates. The eurozone economy has shrunk by over 12%, with Spain bearing the brunt.
29 Sep 2020
The German finance minister has kicked off days of debate over the 2021 budget, arguing for more debt to support the economy during the coronavirus pandemic. "It's a really, really" large sum, admitted Scholz.
2 Dec 2020
The world economy will make a spectacular comeback aided by vaccine rollouts and government support, the OECD says. But by then, the pandemic will have dealt some painful, enduring blows in many countries.
44 mins ago
Economist Jayati Gosh believes a windfall tax is a "no-brainer". "The difficulty is how do you establish how much is windfall? It's very complicated," Ghosh tells FRANCE 24. She is a professor of economics at the University of Massachusetts Amherst and the newly appointed co-chair of the Independent Commission for the Reform of International Corporate Taxation.
1 hour ago
Sweden's Riksbank has kicked off what's expected to be a series of interest rate hikes around the world, as central banks struggle to curb inflation. The 100 basis point hike is Sweden's biggest in three decades, in response to a cost-of-living crisis that's affecting households and businesses.
1 hour ago
Hurricane Fiona has hit Canada's Atlantic coast with strong rains and wind after brushing past Bermuda. Experts say it could become one of the most severe storms Canada has ever seen.
2 hours ago
Seven months since the Russian invasion of Ukraine began, repairing worn-out Western weapons is becoming increasingly important. The workshop for doing so is to be built on the Polish-Ukrainian border.
2 hours ago
The Iranian president has called for action to be taken against widespread protests following the death of a young woman.
3 hours ago
Giorgia Meloni, leading a center-right coalition, is on track to become Italy's first woman prime minister ever and its first far-right leader since Benito Mussolini. The main center-left group has conceded defeat.