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Dangote Foundation Flags Off N16B 2025 National Food Intervention Programme
…It Reflects his Unwavering Commitment To lift The Poor -Kano Gov …
Nigerian artists earn over ₦58bn from Spotify streaming in 2024 – Report
Nigerian music has reached an extraordinary financial milestone, with artists earning more than ₦58 billion in royalties from Spotify alone in 2024. This figure, revealed in Spotify’s 2024 Loud & Clear report,…
Nigerian Eurobonds feel heat of global trade tensions
Nigeria's Eurobond market has felt the sting of rising geopolitical tensions and fluctuating oil prices, which have triggered an increase in yield. The average yield on…
Foreign rice floods markets as costs squeeze local mills
...Imports from Thailand jump 60-fold in one year ...Over 50 small-scale millers shut down in 2024- RIMAN…
House Of Reps Proposes Major Changes To Tinubu’s Tax Reform Bills; Wants 7.5% Current VAT Rate To…
The House of Representatives has significantly altered President Bola Tinubu’s tax reform bills, significantly changing several key provisions…
Import bills on used vehicles fall 65% to N354.8bn
As economic hardship bites harder, importation of used vehicles has recorded a significant decline with diesel or semi-diesel engine, of cylinder capacity 2500cc dropping by 65.8 percent year-on-year (YoY) to…
Nigerians spend over 25% of minimum wage on one pot of stew
The average cost of making a pot of stew, a staple in Nigerian households has risen by 121.05 percent in one year. This means a minimum wage earner desiring a basic pot of stew must part with a quarter of his salary…
To Scale, Sustain, and Succeed, Join FCMB’s Business Transformation Masterclass
First City Monument Bank (FCMB) is excited to introduce the Business Empowerment and Sustainability Training (BEST) Masterclass. This…
Wale Tinubu hails Oando’s Trinidad refinery lease as Afro-Caribbean landmark
Oando Plc has stated that its subsidiary, Oando Trading, has been selected as the preferred bidder to lease the refinery assets of Guaracara Refining Company Limited, according to the Minister for Energy of…
Lawmakers Call for Immediate Suspension of ATM Fee Hike
The House of Representatives has called for an immediate suspension of the Central Bank of Nigeria’s new policy hiking ATM transaction charges.The decision came after a motion moved by Rep. Marcus Onobun during plenary…
EFCC warns public about 58 illegal ponzi scheme operators
The Economic and Financial Crimes Commission (EFCC) has issued a public alert regarding the activities of 58 companies allegedly operating illegal Ponzi schemes across Nigeria. In a statement on Tuesday, on its…
Marketers condemn fuel price reduction, back importation
Oil marketers under the aegis of the Petroleum Products Retail Outlet Owners Association of Nigeria have condemned the constant reduction of fuel prices, saying marketers are still counting losses. Despite…
No Reversal In Naira For Crude Policy – Adedeji
Contrary to reports purporting the halt of the naira-based crude oil supply arrangement with local refineries, the Chairman of the Technical Sub-Committee,…
Seven oil firms pledge to settle $37.4m owed to FG after Reps’ intervention
Seven major operators in Nigeria’s oil and gas industry have undertaken to remit a total of…
Petrol imports jump 105% to N15tn – NBS report
Nigeria’s petrol imports surged in 2024, doubling despite an increase in domestic refining capacity, highlighting the country’s continued reliance on imported fuel, according to findings by The PUNCH. The latest…
Nigeria’s Economy Most Competitive in 25 Years Due To Tinubu’s Economic Reforms – Chatham…
Chatham House, a UK international affairs policy think tank, said the Nigerian economy was witnessing its most competitive season in 25 years, on the back of President Bola Tinubu administration’s reforms, including…
Petrol price hike looms as NNPC halts naira-for-crude deal with local refineries
The Nigeria National Petroleum Company (NNPC) Limited has discontinued the naira-for-crude deal…
You will pay 15% VAT: 20 key provisions of the Nigeria Tax Bill, 2024
The Nigeria Tax Bill entitled, ‘An Act to Repeal Certain Acts on Taxation and Consolidate the Legal Frameworks Relating to Taxation and Enact the Nigeria Tax Act to Provide for Taxation of Income, Transactions…
Wema Bank Announces The 6th Edition of Hackaholics, Theme “Beyond Algorithms: Engineering Disruptive…
…Introduces Accelerator Program for Startups. Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT,…
FG forgoes $577.6m as road tax credit to NNPCL
The Federal Government has forgone $577.6m in tax revenue under the Road Infrastructure Tax Credit Scheme to the Nigerian National Petroleum Company Limited from February to December 2024. The FAAC…
Petrol imports gulp N3.3trn in three months despite rising local refining
Nigeria’s petrol imports have persisted with no significant decline despite reported rising domestic refining…
Nigeria raises ₦2.51tr via T-bills as investors seek lower rates
The Nigerian government has raised a total of ₦2.51 trillion through Treasury Bills (T-Bills) and Open…
Stay Off Ascon Oil Company’s Assets, George Enenmoh’s immediate Family Warns Public
The Family of the late Founder/Owner of Ascon Oil Company Limited, Engineer George Ikemefuna Enenmoh, has alerted Nigerians and the business community,…
Nigeria’s Crude Oil Production Hits 1.7Million Barrels Daily
A SaharaReporters review of data from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has shown that Nigeria recorded an increase in crude oil production per day as of January 2025, marking a positive…