Average Official Exchange Rate Increases by 132% in 14 Years; External Reserve Grew by 51%

From 2005 to 2018, the average rate of exchange has increased by 132% while the external reserve increased by 51% from $28.3bn in 2005 to N42.6bn in 2018. This shows that the change in both exchange rate and external reserve is not proportional and whenever there is a decline in external reserve, the CBN tends to devalue the naira much more than the decline in external reserve.

Nigeria Exports N557.66bln Worth of Agricultural Produce in Two Years as it Earns N31.65 trillion from Crude Oil Export During the Same Period

In this article, we will be particularly concerned about the total value of Nigeria’s agricultural export from Q2 2017 to Q2 2019 (Since Nigeria emerged from the 2016 economic recession in Q2 2017), while also looking at the drivers of country’s total agricultural export and the contribution of crude oil to Nigeria’s total export.

Download GMAT Practice Tests and Answers

  Image Credit: Wikipedia   By now, you should know there are different kinds of mathematics questions set during entry level assessments. GMAT is a common question format and you should know the styles of questions that will be asked during aptitude tests. Hence, we have compiled a list of GMAT questions and answers for […]

All You Need to Know about Loan to Deposit Ratio of the CBN Aimed at Banks to Lend More Money to Customers

The CBN on July 3, 2019 passed a circular to the commercial banks to mandating them to maintain a Loan to Deposit Ratio (LDR) of 60% by September 30, 2019. Failure to do so will attract an additional Cash Reserve Requirement equal to 50% of the lending shortfall of the target LDR.

Full Project on Impact of Double Taxation on the Performance of Small Scale Businesses

This research is aimed at evaluating the factors that encourage non compliance with tax obligation and also focuses on the impact of Nigerian tax policies on the economy and small businesses in Ilorin.

VAT 101: Meaning of VAT Registration Threshold as Announced by President Buhari During 2020 Budget Presentation

Currently, section 8 of the VAT law requires a taxable person (an individual, body of individuals, companies, etc) to register for VAT with FIRS and charge VAT at 5% on the supply of their goods or services to customers. The VAT charged must be paid to FIRS together with a VAT form duly filled and submitted on a monthly basis. Failure to comply carries financial penalties.

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