Serving NYSC members can apply – FIRS gives update on recruitment exercise
The Federal Inland Revenue Service has announced that servicing National Youth Service Corps members can apply for its ongoing recruitment…
Category: Business
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Tax Reform Bill: North can’t reap where it didn’t sow – Imirhobo backs Tinubu
A popular Nigerian lawyer, Malcolm Imirhobo, has backed President Bola Ahmed Tinubu’s Tax Reform Bill. The lawyer made his stance…
Tinubu’s govt started on wrong footing, lacks experts’ input – BudgIT founder Onigbinde
The founder of civil advocacy and pro-accountability organisation, BudgIT, Seun Onigbinde, says the administration of President Bola Tinubu started on…
Dangote: We make only N350,000 profit from N50m truckload of fuel – IPMAN
The Independent Petroleum Marketers Association of Nigeria, IPMAN, on Friday said its members make only about N350,000 profit from a…
Price of Dangote’s fuel higher than other sources, we have to pity Nigerians – IPMAN
The Independent Petroleum Marketers Association of Nigeria, IPMAN, on Friday said that the price of fuel from Dangote Refinery, as…
Forex crisis: FG gives Nigerians 9 months to deposit dollars in bank
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed a new government policy that would permit…
NGX stocks drop as investors record losses
The Nigerian Stock Exchange market recorded a bearish run as investors’ stocks declined slightly on Wednesday by 0.04 percent. This…
Nigeria’s money supply rises by 62% to N108.9tn as govt spending surges
Nigeria’s money supply (M3), which indicates a rise in liquidity, government spending, has grown by 62.8 percent year-on-year (YoY) in…
FCCPC uncovers cartels inflating food prices in Nigeria
The Federal Competition and Consumer Protection Commission, FCCPC, claimed it has uncovered cartels responsible for prices of goods and food…
Naira appreciates against dollar as FX supply rises
The naira appreciated against the dollar on Tuesday at the official foreign exchange market. FMDQ data showed that the naira…
Fuel price hike: Nigeria’s daily petrol consumption stands at 50m litres – NMDPRA
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said Nigeria’s daily Premium Motor Spirit (Petrol) consumption is between…
Ghana to buy Dangote Petrol to reduce $400m monthly import expenditure
Ghana has said it plans to buy petroleum products from Nigeria’s Dangote Refinery to cut down on import expenditure. Reuters…
Naira depreciates massively as FX supply drops
The naira massively depreciated against the dollar at the foreign exchange market to kick off the week on a negative…
Dyque Energy recognised as “Most Innovative Energy Brand of the Year” at 2024 Brandcom Awards
Dyque Energy, a royal clean energy solution provider in Nigeria, has been awarded the Most Innovative Energy Brand of the…
Naira: CBN signs agreement with IFC
The Central Bank of Nigeria (CBN) said it has signed an agreement with the International Finance Corporation (IFC) to boost…
Marketers slam Dangote Refinery for opposing petrol imports
Petroleum Oil marketers have faulted Dangote Refinery over its stance against the importation of Premium Motor Spirit (Petrol). The President…
IFC partners CBN to improve local currency financing in Nigeria
The International Finance Corporation, IFC, has signed an agreement with the Central Bank of Nigeria, CBN, to increase local currency…
Fuel price: Why marketers requested N100bn intervention from Nigerian Govt
Petroleum marketers have explained that they requested N100 billion intervention from the Nigerian Government to save businesses from collapse in…
Naira appreciates slightly to end week on positive note
The naira appreciated consecutively against the dollar at the official foreign exchange market to close the week on a good…
Enugu disco clears air on Mainpower takeover
The Enugu Electricity Distribution Company PLC (EEDC) has clarified that it is still in existence amid claims rounds that the…
BREAKING: No deadline on circulation of old N200, N500, N1000 notes – CBN
The Central Bank of Nigeria has announced that there is no deadline on the circulation of old N200, N500 and…
Tinubu asks livestock investors to slash Nigeria’s $1.5bn annual dairy imports
Nigeria’s seat of power, the Presidential Villa was quite busy on Thursday, as stakeholders in the livestock value chain converged…
PTD-NUPENG threatens strike over IGP team’s seizure of loaded trucks
The National Secretariat of the Petroleum Tankers Drivers Branch of Nigeria Union of Petroleum and Natural Gas Workers, PTD- NUPENG,…
NNPCL has commenced process of paying $6 billion debt – Nigerian govt
The Nigerian government, through the Finance Ministry, has announced that the Nigerian National Petroleum Company Limited (NNPCL) has commenced the…
Afrexim Bank commits $200m as FEC okays Creative Economy Development Fund
The Federal Executive Council meeting presided over by President Bola Tinubu has approved the establishment of the Creative Economy Development…
Naira drops by N52 against dollar in 48 hours as FX supply plunges
The Naira dropped by N52.24 against the dollar at the foreign exchange market in the last 48 hours as FX…
BREAKING: Fuel import court case against NNPCL, marketers overtaken by event — Dangote Refinery
Dangote Refinery has said that there is no fresh case against the Nigerian National Petroleum Company Limited and other petroleum…
BREAKING: Dangote Refinery in court seeking annulment of import licences to NNPCL, others
Dangote Refinery has approached the Abuja branch of the Federal High Court, seeking to annul the import licences granted to…
Nigerian Customs generates N4.2tn revenue in 9 months
The Nigerian Customs Service said it has generated N4.2 billion as revenue in the first nine months of 2024. The…
Naira appreciates significantly to end week on good note
The naira appreciated significantly against the dollar at the foreign exchange market to end the week on a good after…
Naira depreciates further against dollar
The naira further depreciated against the dollar in the foreign exchange market. The FMDQ data showed that the naira again…
Nigeria no longer blacklisted in global aviation as rating hits 75.5% – Keyamo
The Minister of Aviation and Aerospace Development, Festus Keyamo has said Nigeria is no longer blacklisted globally as its rating…
Nigerian Govt signs circular for cancellation of leased aircraft
The Federal Government has signed the Irrevocable Deregistration and Export Request Authorization, IDERA, Advisory Circular for the recordation and cancellation…
Naira loses N106.7 in 48 hours
The naira lost N106.7 against the dollar in the last 48 hours at the official foreign exchange market. This comes…
Nigeria spends increased revenue on cash transfers – Finance Minister Edun
Nigeria’s Minister of Finance, Wale Edun, said the country is spending its increased revenue on social investment, such as cash…
Bonga Oil Spill: Group accuses Shell, partners of $1bn insurance claim diversion
Executive Director of Oil Spill Victims Vanguard (OSPIVV), Harrison Jalla, has accused the Shell Trading and Shipping Company Limited (STATSCO)…
Aviation: Air Peace boss, Onyema seeks Nigerian Govt intervention over multiple charges
The Chief Executive Officer of Air Peace, Allen Onyema, has appealed to the federal government to facilitate the removal of…
FIRS allays fears over tax reform, denies new taxes
The Federal Inland Revenue Service, FIRS, has allayed fears over tax reforms that would lead to new taxing systems, stating…
Blackout: Incessant grid collapses expose TCN inadequacies – Olubiyo
The President of Nigeria Consumer Protection Network, Kunle Olubiyo has said the reoccurrence of National grid collapses which leave the…
National grid: AEDC restores power hours after outage
The power outage experienced by Nigerians in the evening of Monday has been restored in some parts of the Federal…
FG plans 25% income tax on wealthy Nigerians
Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms has said that the federal government…
Subsidy removal, FX unification policies meant to stabilise Nigeria’s macroeconomic environment – Presidency
President Bola Tinubu has insisted that recent economic measures, particularly the removal of fuel subsidy and the unification of foreign…
Naira appreciates massively against dollar to begin week
The Naira strengthened significantly against the dollar at the foreign exchange market on Monday to resume on a good note.…
Hardship: Sokoto govt announces food sale at 55% discounted price
The Governor of Sokoto State, Ahmed Aliyu has inaugurated a committee to sell food at a 55 percent discounted price…
Hardship: Tinubu fuel subsidy removal brought price parity – GCEO NNPC, Kyari
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said that the removal of…
Fuel price hike: Marketers reveal details of meeting with DSS
Nigeria’s oil marketers have said the director general of the Department of State Services, Adeola Ajayi has intervened in its…
Nigerians groan as electricity bills sap 57% of minimum wage earners’ salaries
When the Federal Government announced in September that it would start paying the proposed minimum wage of N70, 000, with…
Togo, Benin owe Nigeria $5.79m electricity debt in Q2 – NERC
Togo, Benin international bilateral electricity customers owed Nigeria a total sum of $5.79 million as electricity debt in the second…
NNPCL urged to remove hidden levies on Dangote Fuel Prices
The Coalition for Energy Reforms and Good Governance Advocacy on Sunday called on the Nigerian National Petroleum Company Limited, NNPCL…
Sachet water ban will lead to job losses – Lagos residents
Some residents of Lagos State have expressed concerns over the proposed move by the state government to ban single-use plastics…