Business

Tinubu suspends VAT on diesel

A six-month reprieve of the 7.5% Value Added Tax on Automotive Gas Oil, also known as diesel, has been authorized…

1 year ago

Ooni of Ife calls for clamp down on Dollar hoarders

It has been suggested that the Federal Government crackdown on Nigerians who participate in dollar hoarding. Oba Adeyeye Enitan Ogunwusi,…

1 year ago

NCC announces change to fixed lines numbering format

The Nigerian Communications Commission (NCC) has announced a new numbering format for fixed lines in accordance with its obligations under…

1 year ago

NNPC dismisses management staff with less than 15 months to retirement

Some organizational changes have been announced by the Nigerian National Petroleum Corporation Limited. The NNPC Limited stated in a statement…

1 year ago

Nigeria’s debt servicing gulped N2.34trn in six months – DMO

According to the Debt Management Office (DMO), in the first six months of 2023, Nigeria paid N2.34 trillion on debt…

1 year ago

World Bank pledges increased support to Nigeria

The World Bank has committed to providing more funding for development initiatives in Nigeria. When Shubham Chaudhuri, the country director…

1 year ago

Naira slumps to N900 against Dollar

In the black market on Wednesday, the Naira, the currency of Nigeria, fell to N900 per USD. The Naira was…

1 year ago

UK cuts tariffs on over 3,000 Nigerian export products

Under the Developing Countries Trading Scheme (DCTC), the UK has announced a tariff reduction on more than 3,000 products exported…

1 year ago

Domestic airfares hit 40 per cent high in June – NBS

The cost of domestic flights within Nigeria soared by 40% between June 2022 and June 2023. This information was made…

1 year ago

Three West African countries owe Nigeria N132bn for electricity in 4 years – NERC

Benin, Togo, and Niger's foreign consumers owe Nigeria N132.2 billion in unpaid electricity bills from 2018 to the first quarter…

1 year ago