Nigeria can generate N4.59trn from taxing 4,690 wealthiest citizens yearly — CISLAC
Executive Director of Civil Society Legislative Advocacy Centre (CISLAC), Comrade Auwal Musa Rafisanjani, on Tuesday, disclosed that Nigeria can generate…
Facilitate onion processing factory in Sokoto, Gov Aliyu urges NEPC, others
Sokoto Governor, Dr Ahmed Aliyu, has called on Nigerian Export Promotion Council as well as National Onion Producers, Processors and…
JUST IN: Nigeria’s inflation rises to 32.70% — NBS
Nigeria's headline inflation rate increased to 32.70 percent in September 2024, compared to the August 2024 rate of 32.15 percent.…
NNPCL sold petrol to us at N995/litre — Oil marketers
The Nigerian National Petroleum Company Limited (NNPCL) has agreed to sell Premium Motor Spirit (petrol) to members of the Independent…
New tax bill: Wealthy Nigerians earning above N100m monthly may pay PIT of 25%
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has announced that if a new tax bill…
Petrol: Smugglers making N17m per truck under subsidy regime —Kyari, GCEO, NNPCL
Group Chief Executive Officer (GCEO) of the Nigerian National PETROLEUM Corporation Ltd (NNPCL), Mele Kyari, has stated that petrol smugglers…
Transcorp Power Plc reports Q3 2024 Performance with 153% revenue growth, 198% Increase in profits
TRANSCORP Power Plc, one of the power subsidiaries of Transcorp Group, has announced its financial results for the third quarter…
250% Hike in electricity tariff killing manufacturing, members deserve government’s support —MAN
THE Manufacturers Association of Nigeria (MAN) has said the 250% increase in electricity tariffs, its members in Band A are…
NESG: We must prioritise economic diversification to move forward — Tinubu
President Bola Tinubu has said that Nigeria must prioritise economic diversification to move forward, reaffirming his administration's commitment to focus…
FG to improve petroleum distribution, address tanker explosions — Oil minister
The Federal Government is set to revamp Nigeria's petroleum distribution systems and address the alarming rate of petrol tanker explosions,…
250% hike in electricity tariff killing manufacturing — MAN
The Manufacturers' Association of Nigeria (MAN) has said the 250% increase in electricity tariffs, which its members in Band A…
Three young Nigerians recognised for courageous acts at Heroes Awards
After a six-month nationwide search for courageous and remarkable children, Mary Timbee, Khalifa Aminu, and Kundushima Kwana emerged winners in…
ATMs, Online banking shut down for additional three hours as GTB extends system upgrade
A leading financial institution in Nigeria, Guaranty Trust Bank (GTB), has announced extension of system upgrade by three hours, thereby…
Nigeria becoming too tense for businesses to thrive —LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to peg import duties at an…
We did not recommend reduction on FG’s share from federation account —Oyedele
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, has said the committee’s recommendation is…
Trafigura, other foreign firms dominate Dangote Refinery product transportation
Indigenous vessel owners have said they are not part of the plans by the Dangote Refinery to transport 75 percent…
Why Nigeria’s Q2 capital importation declined to $2.60bn
Experts have identified reasons Nigeria’s struggle to attract foreign investment remains dismal as underscored by the second quarter (Q2) 2024…
Nigerians downtrading as inflation, naira depreciation, fuel price worsen cost of living
New findings reveal that Nigerians are increasingly turning to cheaper, often lower-quality goods and services, a practice known as “downtrading,”…
Development Bank’s move to unlock entrepreneurial potentials for economic growth
The Development Bank of Nigeria (DBN) recently held its fifth Annual Lecture in Abuja. CHIMA NWOKOJI analyses operational model of…
Petrol pricing and the ravaging economic hardship
Deregulation of the petroleum downstream sector has commenced in earnest. JOSEPH INOKOTONG writes that Nigerians should remain patient and vigilant…
