Benjamin Franklin once said, “We have only two certainties in life which are death and tax”. Taxes are imposed and applicable to both individuals and companies in Nigeria. The Federal Inland Revenue Service (FIRS) collects taxes on behalf of the Federal Government in Nigeria. There are several taxes mandated by law to be payable by…
We see from the chart below that Nigeria’s gross official reserves declined again by USD666m (-1.7% m/m) in December ’21 to close the year at USD40.52bn. This is in line with our expectation of a +/- USD40bn year-end balance and represents the reserves’ second consecutive month of decline following four months of successive increases. Last month’s…
In order to serve our customers better we have redesigned our website. The new website has an improved user interface and some new additional features,….