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Category: Business
No immediate plan to implement 5% fuel tax – Nigerian Govt
The Federal Government says there is no immediate plan to implement the 5 per cent Petroleum Products Tax contained in the new tax legislation. The…
Tinubu orders regulatory watch, monitoring of digital currencies
President Bola Tinubu has directed financial and capital market authorities to monitor the increasing use of stablecoins and digital currencies in Nigeria, cautioning that the…
Tanker drivers’ strike will not cause fuel shortage – Dangote Refinery
A spokesman for Nigeria’s Dangote refinery said Tuesday that the country would not see a petrol shortage despite an ongoing strike by a union representing…
Nigerian Govt summons airlines over flight disruptions, unruly passengers
The Federal Government, through the Nigeria Civil Aviation Authority (NCAA), has summoned all domestic airlines to a meeting in Abuja over recent flight disruptions and…
Fuel price: More trouble for Nigerians as FG, NUPENG, Dangote meeting ends in deadlock
The high-level consultative meeting between the Federal Government, executives of Nigeria Petroleum and Natural Gas Workers (NUPENG), Dangote Group and other stakeholders ended in a…
Tinubu did not introduce 5% fuel surcharge – Tax Committee chair, Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has disclosed that the 5 percent surcharge on fuel was introduced…
Naira strengthens across official, black markets as reserves climb
The naira appreciated strongly on Monday at both the official and parallel foreign exchange markets, opening the new week on a positive note. Data from…
Nigerians defend Dangote Refinery online as labour unions unite behind NUPENG
Some Nigerians have taken to social media to rally behind the Dangote Petroleum Refinery over its face-off with the Nigeria Union of Petroleum and Natural…
Bank recapitalisation making good progress – CBN Gov Cardoso
The Central Bank Governor, Olayemi Cardoso, has reaffirmed the bank’s commitment to achieving macroeconomic stability, strengthening the banking sector, and positioning Nigeria as a leading…
Tinubu sacks Special Adviser on Economy Fegho Umunubo
President Bola Tinubu’s administration has terminated the appointment of Fegho John Umunubo as Special Assistant to the President on Digital and Creative Economy in the…