Economy

Govs, presidential committee agree on revised VAT formula

Governors of Nigeria's 36 states and the Presidential Tax Reform Committee reached an agreement…

NCC orders Telcos to disconnect USSD codes of nine banks over debts

The Nigerian Communications Commission has instructed telecommunications companies to disconnect the Unstructured Supplementary Service…

FCCPC, NCC sign MoU to boost consumer protection, fair competition

The Federal Competition and Consumer Protection Commission and the Nigerian Communications Commission have signed…

Nigeria’s crude oil production rises by 11% in November — OPEC

Nigeria's daily oil production saw a significant increase in November 2024, according to a…

Gov Mbah signs land use regulation, designates new urban areas

Governor Peter Mbah of Enugu State has signed the Land Use Regulation 2025 and…

China backs Nigeria’s currency swap increase

China has agreed to support Nigeria’s request to expand its currency swap deal and…

Lagos gov signs N3.37trn 2025 budget

Lagos State Governor Babajide Sanwo-Olu has signed the 2025 appropriation bill into law. The…

Telecom tariffs to increase but not by 100%, says Minister

The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has announced that telecom…

Telecom companies warn of service cuts over rising costs

Telecommunications operators in Nigeria have warned of possible service disruptions unless tariffs are adjusted…

Nigeria’s imported food inflation hits 42.29% in November – NBS

The cost of imported food in Nigeria surged to an inflation rate of 42.29%…

N935/ltr: Labour, CSOs demand further fuel price reduction  

The Nigeria Labour Congress and Civil Society Organisations have criticized the recent reduction in…

FG lifts ban on mining in Zamfara after five years

The Federal Government has lifted the five-year ban on mining activities in Zamfara State,…

Yuletide: Dangote refinery cuts petrol price to ₦899.50 per litre

Dangote Petroleum Refinery has announced a reduction in the price of petrol to ₦899.50…

FEC approves N47.9trn 2025 budget

The Federal Executive Council has approved Nigeria's 2025 budget, valued at 47.9 trillion naira,…

Nigeria’s inflation jumps to 34.60% in November — NBS

Inflation in Nigeria rose to 34.60% in November 2024, marking an increase of 0.72…