Economy

Cut interest rates to save business, NACCIMA tells CBN

The President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture,…

Korea offers $10bn aid to Nigeria, others

Korea has announced a $10 billion development aid package for Africa by 2030, with…

Issuing license to importers’ll undermine oil industry growth, refiners tell FG

The Crude Oil Refinery Owners Association of Nigeria has cautioned the Federal Government against…

Imported rice price soars by 114% in one year — Report

The National Bureau of Statistics has reported that the average price of imported high-quality…

Nigerians pay N40bn road taxes in 2023 – NBS

Nigerians paid 63% more in road taxes to state governments in 2023, totaling N40.14…

33m Nigerians could face food crisis in 2025 – Report

A recent Cadre Harmonisé Report has warned that 33.1 million Nigerians might face a…

FG unveils surveillance tech to boost road safety

The Federal Government has introduced advanced surveillance technology to monitor and enhance security on…

FG plans super grid, solar system for North

The Federal Government has disclosed plans to create an independent super grid for each…

FG offers 50% tax relief to encourage companies to raise salaries

The Federal Government of Nigeria has proposed a 50% tax relief for companies that…

IMF denies involvement in Nigeria’s fuel subsidy removal

The International Monetary Fund has stated that it did not influence Nigeria's decision to…

Ogun launches task force to curb high transport fares

The Ogun State government has started a statewide task force to check high transport…

Enugu gov approves N80,000 minimum wage for workers

The Governor of Enugu State, Dr. Peter Mbah, has approved a new minimum wage…

FCCPC blames food hoarders for inflation

The Federal Competition and Consumer Protection Commission has identified hoarding, price fixing, and entrance…

FG bans LPG export amid soaring prices

The Federal Government has banned the export of Liquefied Petroleum Gas, commonly known as…

Dangote refinery now supplying most of Nigeria’s jet fuel – Report

The Dangote Refinery has become the main supplier of jet fuel in Nigeria, just…