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Nigeria Economy

ASUP Orders Staff Off Campus Over Security Fears

KEY POINTS ASUP orders academic staff off Federal Polytechnic Offa campus. Council says meetings...

Two-Storey Building Collapses in Aboru Area of Lagos State

KEY POINTS One person died in the Lagos building collapse. Two workers were rescued...

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.

Insecurity Hampers Nigeria’s Economic Development Across Key Sectors

Insecurity disrupts Nigeria's economic development, weakening key sectors like agriculture, oil, and foreign investment, and requires multi-level solutions.

World Bank Forecasts Nigeria’s Revenue-to-GDP Ratio to Surpass 10.5%

The World Bank projects Nigeria’s revenue-to-GDP ratio to exceed 10.5% in 2024, while the government tackles inflation with agriculture-focused initiatives

Nigeria Unveils Plan to Tackle Inflation, Boost Jobs

Nigeria’s finance minister introduces economic reforms focused on reducing inflation, creating jobs, and fostering growth in agriculture, housing, and oil sectors.

Leaders Urge Tinubu to Ease Burden of Fuel Price Hike on Citizens

Nigerian leaders, including Senator Shehu Sani, call on President Tinubu to ease the impact of rising fuel prices on the poor and ensure shared sacrifices.

Why Cement Prices Are Skyrocketing in Nigeria

BUA Cement's AbdulSamad Rabiu explains the rise in cement prices in Nigeria, citing dealer practices and economic challenges as key factors.

Latest articles

ASUP Orders Staff Off Campus Over Security Fears

KEY POINTS ASUP orders academic staff off Federal Polytechnic Offa campus. Council says meetings...

Two-Storey Building Collapses in Aboru Area of Lagos State

KEY POINTS One person died in the Lagos building collapse. Two workers were rescued...

NDLEA Brings Wanted Drug Suspect Back from Benin

KEY POINTS NDLEA arrests Festus Ibewuike in Benin Republic. He is linked to 49.70kg...

Kara Bridge Repairs Trigger Major Lagos-Ibadan Expressway Gridlock

KEY POINTS Kara Bridge repairs trigger severe Lagos-Ibadan gridlock. Traffic stretches from Kara towards...