Business

The Nigeria Employers’ Consultative Association (NECA) has called for an immediate halt to the growing harassment of businesses in Lagos over water abstraction levies, urging the Lagos State Water Regulatory…

As Nigeria sets its sights on growing its economy to a $1 trillion value by 2030, the Federal Government (FG) has been advised to transition to an assets-based financing model,…

In a landmark move aimed at restructuring Nigeria’s tax system, the House of Representatives has approved key tax reform bills, retaining the current 7.5% Value Added Tax (VAT) rate while…

The National Assembly has approved a budget estimate of N140 billion for the South East Development Commission (SEDC) for the 2025 financial year. This allocation was part of the N54.9…

The National Bureau of Statistics (NBS) has reported that Nigeria’s inflation rate surged to 34.60% in November 2024, reflecting a 0.72 percentage-point increase compared to 33.88% in October 2024. This…

Nigerians burdened by rising costs of living have been given a temporary reprieve as the House of Representatives has suspended the implementation of the Central Bank of Nigeria’s (CBN) controversial…

By Elizabeth Adegbesan Food inflation in Nigeria is on the brink of surpassing 40%, as the latest report from the National Bureau of Statistics (NBS) indicates a continued rise in…

Marketers and retailers of petroleum products are set to begin lifting Premium Motor Spirit (PMS) from the Port Harcourt Refining Company this week, barring any unforeseen changes. This was revealed…

Dangote Petroleum Refinery has entered into a bulk purchase agreement with Heyden Petroleum and Ardova Plc to ensure a steady supply of affordable Premium Motor Spirit (PMS) across Nigeria. This…

The Kogi State House of Assembly has officially passed the 2025 Appropriation Bill, totaling N582,404,119,489, following a detailed review and adoption of the report by the House Standing Committee on…