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ECONOMY
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…
NEITI Backs Gov. Otti, Says His Leadership, Policies Align NEITI Values
The Nigerian Extractive Industries Transparency Initiative (NEITI) has saluted Governor Alex Otti's leadership style and said that his policies align with the values NEITI represents.
The Alternate Chairman of the NEITI Board,…
Adesina’s 1960s Comparison Misses the Mark on Nigeria’s Progress
A recent statement by outgoing African Development Bank (AfDB) President, Dr. Akinwumi Adesina, suggesting that Nigerians are worse off today than in 1960 has sparked scrutiny, particularly due to discrepancies in the economic data he…
Civil Society, Content Creators Say Kyari Executed National Policies Not Personal Ambition
Amid mounting scrutiny over a $2 billion crude-for-loan agreement, two key advocacy groups have defended former NNPCL Group CEO, Mele Kyari, saying he was carrying out national economic policies—not pursuing personal interest.
The…
Finance Minister to Lead Drive for Investment, Debt Solutions, and Climate Finance at IMF-World Bank…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, will lead the country’s delegation to the upcoming 2025 IMF-World Bank Spring Meetings in Washington, D.C., where he is expected to push for increased…
NIGERIA CUSTOMS EXCEEDS Q1 2025 REVENUE TARGET WITH OVER ₦1.75tr IN COLLECTIONS
The Nigeria Customs Service (NCS) has announced a remarkable revenue performance for the first quarter of 2025, collecting a total of ₦1.75 trillion—exceeding its quarterly benchmark by over ₦106 billion and marking a 29.96% year-on-year…
JUST IN: Air Peace Suspends All Flights Into Enugu Airport, Diverts to Asaba
Nigeria’s biggest local carrier, Air Peace has announced suspension of all flights into the Akanu Ibiam International Airport, Enugu.
The airline in a statement it issued on Saturday morning attributed its decision to the aging…
Ojulari Pledges to Build an “NNPC That’ll Be the Pride of Nigerians”, attract $30 billion in…
The newly appointed Group Chief Executive Officer of NNPC Ltd., Mr. Bashir Bayo Ojulari, has vowed to build a company that all Nigerians can be proud of, promising to transform the national oil giant into a world-class, people-driven and…
CSOs Call for Full Investigation Into $1.5bn Port Harcourt Refinery Repairs Under Kyari
A coalition of Civil Society Organizations (CSOs), under the aegis of the National Transparency Network, has called for a full-scale investigation into the Nigerian National Petroleum Company Limited (NNPCL) under the leadership of its…