Nigeria generates N709bn revenue from VAT in Q1 2023 – NBS
Nigeria generated N709.59 billion revenue from Value Add Tax, VAT, in the first Quarter of 2023. The National Bureau of...
business
Nigeria bled under Emefiele as CBN governor – Economic experts
Economic stakeholders said the country’s economy suffered due to wrong policies of the suspended Governor of the Central Bank of...
TotalEnergies discover fresh oil, gas reservoir in Nigeria’s offshore OML 102
An International oil company, TotalEnergies, has discovered oil and gas at the OML 102 offshore oilfield in Nigeria. The News...
Generators, phones other electrical products imports to Nigeria gulped $3.47bn in 2022 – Report
Nigeria spent $3.47 billion importing phones, generating sets, electrical transformers and other electrical equipment in 2022. The figure was disclosed...
‘It is untrue’ – NNPCL denies sack of Mele Kyari
The Nigerian National Petroleum Corporation Limited has denied claims that its Group Chief Executive Officer, Mele Kyari, has been sacked...
Telecom sector contributes N2.508tn to Nigeria’s GDP
The telecommunications and Information Services sector in Nigeria has, in the first quarter of 2023, delivered a handsome N2.508 trillion...
Tinubu appoints Folashodun Shonubi acting CBN Governor
President Bola Tinubu has appointed Mr Folashodun Adebisi Shonubi as the acting Governor of Central Bank of Nigeria. Shonubi’s appointment...
Nigeria’s revenue from oil sector dropped by 60 per cent to N308bn in February – CBN
Nigeria’s revenue from the oil sector dropped by 60 per cent to N308.07 billion in February 2023. According to the...
NNPCL withheld N8.48trn oil subsidy since January 2022 – RMAFC
The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has accused the Nigeria National Petroleum Company Limited (NNPCL) of withholding N8.480trillion....
Nigeria earned N109.6trn non-oil tax in 12 years – NBS
The National Bureau of Statistics (NBS) has revealed Nigeria earned N109.6 trillion from non-oil taxes in 12 years. The federal...
NBS reviews Nigeria’s tax-to-GDP ratio to 10.86 per cent
Nigeria has announced an upward review of the country’s tax-to-Gross Domestic Product, GDP, ratio to 10.86 per cent. The upgrade...
Unaccounted N2trn assets: Reps demand external audit of NNPCL
The House of Representatives has demanded an external audit of the Nigerian National Petroleum Company Limited to uncover its unaccounted...
Naira remains stable, exchanges at N464.67 to dollar
Naira remained stable on Tuesday, exchanging at N464.67 to the dollar at the Investors and Exporters’ window. The local currency...
Fuel price will crash – IPMAN lauds Tinubu govt over latest decision
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has commended the present administration under President Bola Ahmed Tinubu for approving...
Nigeria, Belgium, Luxembourg business forum kicks off June 7
All is now set for the Nigeria-Belgium-Luxembourg Business Forum, scheduled to hold in Luxembourg and Brussels from June 7 to...
Fuel subsidy: Nationwide shutdown looms as inflation bites harder
Since President Bola Tinubu announced the abolition of the fuel subsidy regime on Monday, May 29, 2023, the country has...
BREAKING: Labour convenes emergency NEC, set to probe subsidy payments under Buhari
The subsidy removal policy of the Federal Government may have snowballed into another crisis as the leadership of the Nigeria...
Wema Bank SME Business School Trains 250 SMEs in Benin City
Small and medium enterprise (SME) owners at the just-concluded Wema Bank SME Business School held in Benin have lauded the bank...
NNPCL increases official fuel pump price to N537 per litre
The Nigerian National Petroleum Company Limited (NNPCL) has jerked up pump prices of petrol, also known as Premium Motor Spirit...
FIRS public notice on extension of due date of filing VAT returns
The Federal Inland Revenue Service, FIRS has further extended the due date of filing VAT returns. This was contained in...
Fuel subsidy crippling Nigeria’s economy – AfDB President advises Tinubu
Ahead of the inauguration of Bola Ahmed Tinubu’s administration on Monday, Dr Akinwumi Adesina, the President African Development Bank (AfDB),...
Businesses make brisk profit ahead of Tinubu’s inauguration
Ahead of Monday’s inauguration of Bola Ahmed Tinubu as the President of the Federal Republic of Nigeria, businesses in the...
Knocks over Buhari’s failure to curb rising inflation in eight years tenure
There are heightened concerns from stakeholders over the untamed increase in Nigeria’s inflation rate under President Muhammadu Buhari’s eight years...
Buhari inaugurates Dangote refinery, says game changer for Nigeria’s economy
Buhari inaugurates Dangote refinery, says game changer for Nigeria’s economy President Muhammadu Buhari has inaugurated the Dangote Petroleum Refinery in...
CBN inaugurates eNaira ambassadors
The Central Bank of Nigeria, CBN, has inaugurated eNaira wallet student ambassadors in the University of Jos. Esther Tinat, the...
CBN lists four firms to print cheques, excludes NPSMC
The Central Bank of Nigeria has approved four local firms for printing cheques excluding Nigeria Security Printing and Minting Company...
Court orders Buhari govt to account for $460m Chinese loan
A Federal High Court sitting in Abuja has ordered the government of President Muhammadu Buhari to “account for the spending...
