Category : Search result: lowermiddle income country


CIT Revenue Reaches N2.78 Trillion in Q2 2025

Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector drives growth while manufacturing faces challenges.

CIT Revenue Reaches N2.78 Trillion in Q2 2025

Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector dominates while manufacturing faces challenges.

Nigeria to Cut CGT and Corporate Tax Rates in 2026

Federal government confirms plans to reduce Capital Gains Tax from 30% to 25% and Corporate Income Tax from 30% to 25% in 2026. Tax reforms to boost business profitability and attract investments.

98% of Nigerian Workers Exempt from Income Tax

Nigeria's new tax reforms will exempt 98% of workers from personal income tax starting January 2026. Learn how SMEs and low-income earners benefit from VAT exemptions and other incentives.

How Housing Racketeering Worsens Nigeria's Crisis

Racketeering syndicates and fraudulent agents are exploiting Nigeria's housing shortage, pushing low-income earners deeper into poverty. Experts demand urgent digitization and regulation.

Nigeria: Not a Third World Country, Data Reveals

Discover why Nigeria defies the outdated 'third world' classification. Explore economic data, development indicators, and Nigeria's true global standing in this comprehensive analysis.

Why Tinubu Hasn't Met Trump - FG Explains

Federal Government clarifies President Tinubu's delayed US visit amid diplomatic tensions with Trump administration over Christian persecution allegations. Full details inside.

US Lawmakers Divided Over Trump's Nigeria Actions

US Congress debates Trump's designation of Nigeria as Country of Particular Concern amid conflicting views on religious persecution. Key lawmakers disagree on characterization of violence.

Banks Notify Customers on 10% Withholding Tax

Nigerian banks are informing customers about FIRS enforcing 10% withholding tax on fixed-income securities interest. Learn how this affects your investments and which instruments remain exempt.

Nigeria's Development Status: Facts and Figures

Comprehensive analysis reveals Nigeria remains a developing country with ₦1.2 million GDP per capita despite being Africa's largest economy. Learn key development indicators.

Lagos Country Club Partners With The Guardian

Lagos Country Club, a 76-year-old family institution, seeks strategic partnership with The Guardian newspaper to expand its recreational footprint and community initiatives.

US Congress Investigates Christian Persecution in Nigeria

US House Subcommittee begins full investigation into alleged Christian genocide in Nigeria. Public hearing scheduled for November 20, 2025 to review Trump's redesignation of Nigeria as Country of Particular Concern.

Universal Insurance Records 388% Profit Surge

Universal Insurance Plc reports N1.13bn post-tax profit for nine months ending September 2025, marking 388% growth. Driven by investment gains and premium growth. Read full analysis.

Nigerian banks post N14.7tn interest income

Nine major Nigerian banks reported a combined N14.72 trillion in interest income for the first nine months of 2025, a 27.68% increase driven by high interest rates. Discover which banks led the growth.

153 Palestinians arrive in South Africa unexpectedly

Israeli authorities confirm 153 Palestinians received third-country approval before landing in Johannesburg. President Ramaphosa questions the mysterious arrival as South Africa processes the group.

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