Economy

The FIRS says it is ready to recover unremitted tax deductions detained in the coffers of some states and local governments. Federal Inland Revenue Service (FIRS) said it will consequently advise …

The IMF (International Monetary Funds) has warned that debt servicing may gulp 100 per cent of the Federal Government’s revenue by 2026 if the government fails to implement adequate measures …

The USA Ambassador to Nigeria, Mary Beth Leonard, has disclosed that Nigeria will continue to be eligible for preferential trade access to the US market under the AGOA (African Growth …

Central bank of Kenya unexpectedly raised its key interest rate for the first time in almost seven years to anchor inflation expectations as concerns about commodity prices build.  The monetary …

SARS declares a strike and demands 1.4% increase offer which has been rejected by Nehawu and the PSA. The unions insist on a 7% increase, among other benefits. On Wednesday, …

The statistics office said on Wednesday that the Inflation rate in Zimbabwe has jumped to 131.7% this May, as fallout from the Ukraine war hit an already battered economy. Inflation …

South Africa’s rand was little changed on Friday, holding on to most of the gains made in the previous session after the central bank announced its biggest rise to the …

Amid uncertainties in the global economy and rising insecurity in the country, the nation’s stock market continued its bullish run, giving hope to patient investors who endured long periods of downturn …

Zimbabwe’s central bank has banned third country foreign payments, except for fuel, in measures to facilitate critical transactions to keep the economy going smoothly and encourage remittance of export proceeds back …

Egyptian Prime Minister Mostafa Madbouli has announced a series of planned privatizations of state-owned companies, as the country struggles with an economic crisis and inflation at almost 15% in April. …