Economy

FG grants tax exemptions for oil, gas sector

The Federal Government of Nigeria has introduced new tax exemptions to boost the oil…

Nigeria gets fresh $1.57bn loan from World Bank

The World Bank has approved a new financial package of $1.57 billion to support…

Enugu to introduce CNG, unveils energy ministry for affordable transportation

The Enugu State Government is planning to introduce Compressed Natural Gas buses as part…

Direct lifting of product from Dangote will crush pricing – Oil marketers

Oil marketers in Nigeria have promised that petrol prices will fall once they start…

Manufacturers optimistic about Nigeria’s economy – CBN report

Manufacturers in Nigeria are cautiously hopeful about the country’s economic outlook for the coming…

FIRS to introduce e-invoice system to improve tax system

The Federal Inland Revenue Service has announced plans to launch an e-Invoice system as…

Dangote refinery to sell petrol only to NNPCL – FG

The Federal Government has announced that the Nigerian National Petroleum Company Limited will be…

FCCPC seeks help from traders to stop consumer exploitation

The Federal Competition and Consumers’ Protection Commission is asking traders and others involved in…

Stop spending lavishly, if Nigeria is broke, Afenifere chieftain knocks FG

The Chief Economist of Afenifere, Segun Sanni, has called on the Nigerian government to…

Finance minister denies plan to increase VAT

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has…

Nigeria becomes third largest debtor to World Bank’s IDA

Nigeria has become the third largest debtor to the World Bank's International Development Association…

Sanwo-Olu orders reopening of Lagos discount market ‘Ounjè Eko’

Lagos State Governor, Babajide Sanwo-Olu, has ordered the reopening of the "Ounjè Eko" Sunday…

Lagos monarch dissolves market committees over high food prices

The Akran of Badagry, Aholu Menu Toyi 1, has announced the indefinite dissolution of…

Domestic flight increase from ₦78,775 to ₦98,561 in July – NBS

Domestic travelers in Nigeria paid 25% more for air travel in July 2024 compared…

Breadmakers deny using harmful ingredients despite high costs

The Premium Breadmakers Association of Nigeria has firmly denied allegations that its members are…