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Nigeria Economy

Nigerian Sentenced in $6 Million U.S. Fraud Case

Nigerian Ehis Akhimie sentenced to more than eight years in U.S. prison over $6 million inheritance fraud targeting elderly victims

Bandits Abduct 40 Worshippers in Zamfara Mosque Attack

Bandits kidnapped 40 worshippers during prayers in Zamfara, exposing collapse of peace deals in the troubled North-West region.

NYSC Members React to Increased Allowance: “₦77K is Barely Enough”

The Federal Government begins disbursing ₦77,000 to NYSC members, but many express concerns that the amount is still insufficient for today’s economy.

Lagos Levies Disrupt LPG Supply As Marketers Warn Of Scarcity

Lagos state levies create disruptions in the supply capabilities of the Dangote Refinery leading to concerns about an imminent cooking gas shortage throughout the country.

Diaspora Remittances Surge 79 Percent To $4.18billion– Cardoso

CBN reports diaspora remittances up 79 Percent to $4.18bn in 9M’24.

CBN: Nigeria’s Economy to Grow by 4.1 Percent in 2025

Reforms demonstrate that Nigeria's economy will generate 4.1% growth with a 15% reduction in inflation according to the CBN.

Dangote Explains Sales Dynamics Following Petrol Price Cut

Dangote cuts petrol price to N899, attributes it to forces of the market and commitment to Nigeria’s economy.

Fuel Subsidy Removal Unavoidable, Tinubu Defends

Tinubu restates no regrets on subsidy removal, says it was for recovery and fiscal discipline.

Nigeria Earns $1.7 Billion in Taxes from Foreign Firms Over 9 Months

Nigeria's tax revenue from foreign firms surged 44% in 9M 2024, hitting N2.57 trillion, amid compliance efforts.

Dangote Refinery Slashes Petrol Price To N899.50

Dangote petrol price cut brings festive relief, says PETROAN.

Dangote Refinery Exports to Other Parts of The World

Dangote refinery exports PMS, diesel to Africa countries and Europe.

Naira Plummets to N1,780/$1 as Forex Volatility Grows

The naira plummets to N1,780/$1 in the black market, reversing gains as forex volatility raises concerns about Nigeria’s economic stability

Oyedele Says No Plan To Outsource Tax Collection To Consultants

Nigeria will not rely on Alpha Bata and other consultants to collect tax, FIRS is capable of doing that, Taiwo Oyedele clarifies.

Tax Reform Bills to Get National Assembly Scrutiny, Public Interest First

Experts agree on the possible pros and cons of proposed tax reform bills but Nigerians can be assured that the National Assembly will thoroughly deliberate on it in the interest of the country.

Latest articles

Nigerian Sentenced in $6 Million U.S. Fraud Case

Nigerian Ehis Akhimie sentenced to more than eight years in U.S. prison over $6 million inheritance fraud targeting elderly victims

Bandits Abduct 40 Worshippers in Zamfara Mosque Attack

Bandits kidnapped 40 worshippers during prayers in Zamfara, exposing collapse of peace deals in the troubled North-West region.

Dangote Says Refinery Ends Nigeria’s 50-Year Fuel Queues

Dangote refinery marks one year of petrol production, easing Nigeria’s 50-year fuel queues, cutting pump prices, creating jobs, and boosting industrialisation efforts.

Bandits Abduct 40 Worshippers in Zamfara Mosque

The Zamfara mosque attack saw 40 worshippers abducted during dawn prayers, highlighting fragile peace efforts and worsening insecurity in northwest Nigeria