
Nduka Orjinmo
Journalist at Bloomberg News
Mostly football and Nigerian urban tales. For news: @markets @TheTerminal @BloombergAfrica
Articles
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3 days ago |
bloomberg.com | Nduka Orjinmo
The Utako Ultra Modern market in Abuja, Nigeria, in 2020. (Bloomberg) -- Lifting Nigeria’s high tariffs and import bans could significantly increase tax revenue for Africa’s most populous country, the World Bank said. The customs service could see revenue rise by 66% if they were scrapped, the Washington-based lender said in a biannual development report on the nation Monday. Such a move would also lower poverty rates by an estimated 2.6 percentage points, it said.
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6 days ago |
bloomberg.com | Nduka Orjinmo
Office workers walk along the marina road in the Central Business District of Lagos, Nigeria. (Bloomberg) -- Halfway into a four-year tenure, President Bola Tinubu’s push to reform the floundering economy of Africa’s most-populous country has received the most significant thrust yet: An overhaul of tax laws, some that date back to Nigeria’s colonial past. On Thursday, senators passed four tax bills, ending a nearly two-year push.
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1 week ago |
news.bloombergtax.com | Nduka Orjinmo
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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1 week ago |
bloomberg.com | Nduka Orjinmo
Bola Tinubu(Bloomberg) -- Nigerian senators on Wednesday backed four tax bills that are part of President Bola Tinubu’s efforts to lift government revenue, but joined lawmakers in the lower National Assembly in rejecting his plan to increase the value-added tax rate. Tinubu had sought to double rate to 15% over six years and proposed partially offsetting the increase by lowering corporate taxes to 25% by next year from 30%. More stories like this are available on bloomberg.com©2025 Bloomberg L.P.
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1 week ago |
rigzone.com | Nduka Orjinmo
Africa’s biggest liquefied natural gas plant, whose operations have been hobbled by fuel theft, is set to see gas supplies jump once a deal with Seplat Energy goes into effect, an executive said. Under the terms of a preliminary agreement, Seplat will send more than 150,000 tons of gas a month to the Nigeria LNG Ltd. plant, said Effiong Okon, who heads a Seplat subsidiary that operates a key gas project north of the facility. That’s more than 12 percent higher than last year’s monthly average.
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Step forward, Amaechi of Arimathea. https://t.co/Kapcw5fyUi