Budget and Revenue

Nigeria’s FAAC Allocations Hit N1.79 trillion in Q1 2025

Nigeria’s FAAC Allocations Hit N1.79 trillion in Q1 2025

Nigeria’s Federation Account Allocation Committee (FAAC) disbursements in Q1 2025 showcased significant growth, with total FAAC allocation reaching N1,796.5 billion,… Read More

9 hours ago

Macroeconomic Watch: Current Account Surplus Slips 1.8% as Remittances and Income Inflows Falter

Nigeria recorded a current account (CA) surplus of $3.7 billion in Q1 2025, a 1.8% drop quarter-on-quarter despite a modest… Read More

2 days ago

Multichoice Revenue Declines by 9% in 24/25 FY Following Massive Subscriber Loss

South African pay television company MultiChoice Group has recorded a 9% decline in YoY revenue for the Financial year ending… Read More

4 weeks ago

Airtel Africa Delivers 21.1% Constant Currency Revenue Growth Despite Currency Headwinds

Airtel Africa has reported a 21.1% year-on-year increase in revenue in constant currency terms for the financial year ending March… Read More

4 weeks ago

Chad Agrees New $630m Financing Deal With IMF

Chad has reached an agreement with the International Monetary Fund (IMF) on terms for a four-year financial support programme worth… Read More

2 months ago

Joint Tax Board Hikes Fees for Driver’s Licences and Number Plates from June 8

In a move set to impact millions of road users across Nigeria, the Joint Tax Board (JTB) has announced a… Read More

2 months ago

South Africa to Revise 2025 Budget For Debt Sustainability

South Africa's Finance Minister, Enoch Godongwana, has announced that the country will get a revised 2025 budget on May 21… Read More

2 months ago

U.S. Tells World Bank to Cut Lending to Middle-Income Countries, Focus on Poorest Nations

The United States has urged the World Bank to reduce lending to middle-income countries and concentrate its development resources on… Read More

2 months ago

FIRS says Tax Expenditures are Difficult to Track

The Federal Inland Revenue Service (FIRS) has raised concerns about the difficulty in quantifying revenue losses due to tax expenditures,… Read More

3 months ago

Kenya Launches Electronic Rental Income Tax System

The Kenyan Revenue Authority (KRA) has launched the Electronic Rental Income Tax System (eRITS) to streamline the process of monthly… Read More

3 months ago