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ECONOMY
FG Reaffirms Commitment to Economic Reforms, Reviews U.S. Tariff Proposal
The Federal Government has restated its commitment to repositioning Nigeria's economy, as the Economic Management Team (EMT) met Tuesday in Abuja to assess the nation’s trade strategy, investment climate, and infrastructure priorities.…
SERAP Demands Explanation from NNPCL Over Missing N500bn Oil Revenue
The Socio-Economic Rights and Accountability Project (SERAP) has called on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bayo Ojulari, to account for N500 billion in oil revenue allegedly…
Speaker Abbas Laments Shipping Bottlenecks, Revenue Loss to Nigeria’s West-African Neighbours
The Speaker of the House of Representatives Rt. Hon. Abbas Tajudeen, has called for reforms in the economy, especially with the bottlenecks in the import and export chain in the maritime sector.
While addressing a delegation of…
Reps Back Bill to Establish Agricultural Economics Institute
The House of Representatives has passed through second reading a bill seeking for an act to establish Nigerian Institute of Agricultural and Applied Economics to regulate, control and determine the standard of knowledge to be…
SERAP Demands CBN Disclosure on Direct Disbursement of Funds to Local Governments
The Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, to clarify whether the bank has begun the direct disbursement of funds from the Federation…
Finance Minister Edun Urges Pension Industry to Drive Economic Growth
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has called for the strategic deployment of Nigeria’s growing pension assets to power national development, positioning the industry as a critical engine for…
Tinubu Tasks Next Generation of African Leaders to Be Courageous
President Bola Ahmed Tinubu has charged the next generation of Africans, in science and technology, education and governance, entrepreneurship and the arts to rise with courage and contribute to the making of a united, peaceful…
Court Orders Final Forfeiture of N1.2 Billion Stolen Through Sterling Bank System Glitch
A Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of N1,292,798,746.81 (One Billion, Two Hundred and Ninety-Two Million, Seven Hundred and Ninety-Eight Thousand, Seven Hundred and Forty-Six Naira, Eighty-One…
Senate Passes Final Two Tax Reform Bills, Completing Four-Bill Overhaul of Tax System
The Nigerian Senate has passed the remaining two tax reform bills submitted by President Bola Ahmed Tinubu in October 2024, completing the approval of four key tax reform bills aimed at overhauling Nigeria's tax system.
The two bills…
Nigerian Senate Advances Major Tax Reforms, Retains VAT at 7.5%
The Nigerian Senate has passed two significant tax reform bills: the Nigeria Revenue Service (Establishment) Bill and the Joint Revenue Board (Establishment) Bill.
These bills aim to overhaul the nation's tax administration system by…