Trade Exports Hit $50 Billion As FG Policies Boost Trade Balance
Nigeria’s total trade exports surged to $50.4 billion in 2024, driven by exchange rate depreciation and the elimination of fuel subsidies, which boosted the country’s…
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Dangote Lowers Petrol Loading Cost To ₦815/Litre
The price war in the downstream oil sector continued on Thursday as the Dangote Petroleum Refinery quietly implemented a price reduction at its loading gantry,…
Tax Reform Bills: Reps Adopt 7.5% VAT, Reject Increase To 15%
The House of Representatives has retained Value Added Tax, VAT, at 7.5 per cent and rejected a staggered increase to 15 per cent by 2030…
Supreme Court Clears EFCC To Probe Odili’s Tenure As Rivers Governor
The Supreme Court of Nigeria has dismissed appeals filed by the Rivers State Attorney General and the Speaker of the State House of Assembly, effectively…
Lagos Becomes Africa’s 2nd-largest City Economy As GDP Hits $259 Billion
Nigeria’s commercial capital, Lagos, has made another economic leap, as its Gross Domestic Product (GDP) rose to US$259.75 billion based on Purchasing Power Parity (PPP),…
Senate Replies IPU: Natasha Was Suspended For Gross Misconduct, Not Allegation
The complaint laid by Senator Natsha Akpoti-Uduaghan at the United Nations Inter parliamentary conference in New York on Tuesday has continued to attract reactions.The Kogi…
Tanker Explosion On Otedola Bridge In Lagos
A devastating tanker explosion which occurred in Lagos, southwestern Nigeria, on Tuesday night, has caused widespread destruction and left many commuters stranded. The incident occurred at the…
EFCC Warns Public About 58 Illegal Ponzi Scheme Operators (list)
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.…
Nigeria, UAE Agree To Resolve Visa Issues
Nigeria and the United Arab Emirates (UAE) will in the coming days meet to resolve issues relating to visa procurement by Nigerians seeking to travel…
Naira-for-crude Policy Remains In Place – Zacch, Technical Committee Chairman
Reports suggesting that the naira-based crude oil supply arrangement for local refineries has been discontinued are inaccurate, the chairman of the Technical Sub-Committee on Domestic…