The National Economic Council (NEC), chaired by Vice President Kashim Shettima, has recommended the withdrawal of contentious tax reform bills currently before the...
The Chairman of Nigeria’s Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has addressed concerns raised by the Northern Governors’ Forum...
Only Lagos and Rivers states can independently cover their operational costs without federal support, according to BudgIT’s latest “2024 State of States Report.” Launched...
The Nigerian Ports Authority (NPA) has temporarily halted the release of cleared cargoes from Lagos’ Apapa Port Complex (APC). The suspension, which will likely...
South African retail giant Pick n Pay has announced its plans to exit the Nigerian market by divesting its 51% stake in a joint...
The naira experienced a significant drop against the U.S. dollar at the start of the week, with currency rates sliding in both the official...
The International Monetary Fund (IMF) has officially stated that it played no role in Nigeria’s recent decision to remove fuel subsidies, emphasizing that this...
The Nigerian National Petroleum Company (NNPC) Limited is grappling with significant setbacks in the rehabilitation of the Port Harcourt refinery, despite a series of...
The Nigerian federal government has announced plans to implement a 15 percent Value Added Tax (VAT) on luxury goods, as part of a new...
The Central Bank of Nigeria (CBN) has officially clarified that the old N200, N500, and N1,000 naira notes will remain legal tender indefinitely, debunking...