The Enforcement Team of the Kaduna State Internal Revenue Service (KADIRS), in collaboration with the Nigeria…
Category: Business
Mid-year review: Experts predict positive economic growth for Nigeria in second half of 2023
Economic experts have predicted positive economic growth for Nigeria as business activities increase in the second…
CPPE proffers solution to Nigeria’s soaring inflation
The Centre for the Promotion of Private Enterprise has unveiled solutions to tackling Nigeria’s rising inflation.…
One dies, others missing as Seplat Energy oil rig collapses in Delta
Seplat Energy Plc said one person died following the collapse of its ‘Majestic’ oil rig near…
Nigeria only country selling fuel below N700 per litre – Tinubu
President Bola Ahmed Tinubu has claimed Nigerians buy the cheapest fuel in West Africa. Aguri Ngelale,…
One million digital jobs: VP Shettima hails Google’s N1.2bn grant initiative
The Vice President, Kashim Shettima, has lauded Google’s N1.2 billion grant initiative for the Tinubu administration’s…
Nigeria’s headline inflation rises to 24.08%, highest in 10 years
Nigeria’s headline inflation increased to 24.08 per cent in July from 22.99 per cent the previous…
Forex crisis: Oil marketers lament as diesel price hits N950/per litre
Oil suppliers have lamented that the foreign exchange crisis and the implementation of a 7.5 per…
More refineries in Nigeria won’t reduce fuel pump price – Aguri Ngelale
Aguri Ngelale, the Senior Special Assistant to President Bola Ahmed Tinubu on Public Affairs, has said…
No intention to hike fuel pump price – NNPCL breaks silence
The Nigerian National Petroleum Corporation Limited has debunked claims making the round over an upward review…
Naira nears N1000/1$, raises concerns amid CBN probe
Nigeria’s currency has continued to experience free-fall against the Dollar two months after the Central Bank…
CBN to clamp down on forex speculators soon
There are strong indications that the Central Bank of Nigeria (CBN) is set to wield the…
Transportation cost rose by 98% in June – NBS
The average transportation cost per commuter rose by 97.88 per cent in June from N649.59 to…
NCAA to shut down airlines without valid insurance coverage
The Nigerian Civil Aviation Authority (NCAA) has threatened to ground any aircraft operated by any local…
Niger coup: N13bn lost weekly to border closure – Northern traders
Northern traders have decried the loss of N13 billion weekly in revenue owing to the closure…
Undocumented diaspora remittance reason for forex crisis – CBN
The Central Bank of Nigeria says undocumented diaspora remittance is the reason for the continued fall…
Provide incentives to boost exports – Manufacturers task FG over forex crisis
The Manufacturers Association of Nigeria (MAN) has tasked the federal government with providing export incentives for…
PoS service charge price fixing not collaborative approach – FCCPC
The Federal Competition and Consumer Protection Commission (FCCPC) says its investigation into the Point of Sale…
Niger Delta governors urged to develop framework guiding aspiring business minds
Governors in all the Niger Delta states have been urged to come up with framework that…
FG tasks livestock businesses on insurance amid Anthrax outbreak
Amid the raging effects of anthrax disease, the federal government has urged farmers and agriculture businesses…
CBN’s $7.5bn debt from JP, Goldman Sachs reason forex crisis may linger – Uwaleke
Prof. Uche Uwaleke, an economist, has said the Central Bank of Nigeria’s combined debt of $7.5…
Quick recovery of Nigeria’s economy my priority – Tinubu
President Bola Tinubu has reassured Nigerians that no stone will be left unturned in his administration’s…
Niger owes Nigeria N4.22bn for electricity supply – NERC
Niger Republic presently owes Nigeria N4.22bn ($5.48m) for electricity provision, according to the Nigerian Electricity Regulatory…
Naira drops further, exchanges at N945/$1
The Naira dropped further in the parallel market on Thursday, trading at N945/$1 in Abuja, compared…
Nigeria’s oil outputs drops to 1.29m bpd in July
Nigeria’s crude oil output dropped to 1.29m barrels per day, bpd in July, according to the…
Bakeries shutting down in Zamfara over soaring prices of materials – Usman
The Association of Bread Sellers, Zamfara State, has cried out that the hike in the price…
DMO auctions four FGN bonds valued at N360bn
The Debt Management Office, on behalf of the Federal Government of Nigeria (FGN), has offered for…
IPMAN confirms another fuel pump price hike
The Independent Petroleum Marketers Association of Nigeria said the price of Premium Motor Spirit, popularly known…
Poverty, insecurity to worsen over exodus of businesses, investments from Nigeria – NECA
The Nigeria Employers’ Consultative Association (NECA) has said unemployment and insecurity may worsen over the mass…
Naira moves closer to 1000/$1 at parallel market
The naira dropped to a record low of N925/$1 on the parallel market on Wednesday as…
Inflation rate: Nigeria doing better than other African countries – CBN
The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, has stated that the…
Nigeria loses N20trn to tax underpayment – Presidential Tax C’ttee Chair
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, says…
Anti-Homosexuality Law: World Bank stops new public finance to Uganda
The World Bank has announced the suspension of new funds to Uganda, over the enactment of…
Presidential committee on Tax mulls suspension of diesel VAT – Taiwo Oyedele
Taiwo Oyedele, the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, says the…
Tinubu appoints UI 400-level student into Tax Reforms Committee
President Bola Ahmed Tinubu has appointed a University of Ibadan, UI, 400-level student, Orire Agbaje as…
Niger Coup: Heavy collateral damage imminent over military intervention – CPPE warns
The Centre for the Promotion of Private Enterprise, CPPE, said the option of military intervention in…
Tinubu Targets 18% Tax to GDP target in 3 years
President Bola Tinubu on Tuesday in Abuja inaugurated the Presidential Committee on Fiscal Policy and Tax…
Nigeria’s unemployment rate global highest – Report
Nigeria has the highest global unemployment rate according to the World of Statistics. declared on its…
Tinubu to inaugurate Taiwo Oyedele as Presidential Tax Committee Chairman
President Bola Ahmed will inaugurate the Tax and Fiscal Policy Reform Committee on Tuesday. DAILY POST…
Naira drops against Dollar, exchanges at N774
The week started negatively as the Naira depreciated against the Dollar, exchanging at N774.78 at the…
Forex volatility reason for shrink in Nigeria’s manufacturing sector – Yusuf
The Director of the Centre for the Promotion of Private Enterprise, CPPE, Dr Muda Yusuf, said…
Hardship: Reduce personal, company income taxes – Expert tells Tinubu
Amid the economic hardship occasioned by the fuel subsidy removal policy, an economist and financial expert…
Experts raise concerns over rising collapse of companies in Nigeria
The news of the imminent exit of GlaxoSmithKline (GSK) from Nigeria sent shockwaves across the country…
Nigeria Customs vows to tighten vigilance in border communities
The Acting Comptroller General of the Nigerian Customs Service, Bashir Adeniyi, has pledged to improve vigilance…
FG says $360m released for Ogoni clean-up
The Federal Government said it had disbursed $360 million to clean up the polluted Ogoni land…
Emefiele: You would’ve engaged audit firm – Expert tells Tinubu
A financial expert, Prof Uche Uwaleke has urged President Bola Ahmed Tinubu to engage an audit…
Nigeria’s N77bn debt shouldn’t be cause for alarm – Senator Jimoh Ibrahim
Jimoh Ibrahim, the senator representing Ondo South senatorial constituency, said Nigeria’s N77 trillion debt should not…
Porous land border responsible for collapse of textile industry – Manufacturers
Textile manufacturers in Nigeria have blamed porous borders for the collapse of the cotton-garment value sector…
NIPOST seals illegal courier, logistics operations in Katsina
The Nigerian Postal Service (NIPOST) sealed offices and impounded some motorcycles when it raided unlicensed and…
Subsidy: SERAP sues Tinubu over failure to publish spending details of N400bn savings
The Socio-Economic Rights and Accountability Project, SERAP, has filed a lawsuit against President Bola Tinubu at…
Nigeria experiencing horrific business environment – Atiku worried over GlaxoSmithKline’s exit
Atiku Abubakar, the presidential candidate of the Peoples Democratic Party, PDP, has expressed concern over the…
Forensic audit of CBN, civil service payroll underway – Tinubu
President Bola Tinubu has said that a comprehensive forensic audit of the Central Bank of Nigeria,…
Calls for Free Trade Zone takeoff dominate Delta Summit
Stakeholders have called for an enabling environment for the smooth takeoff of the Free Trade Zone…
11 DisCos collected N247.09bn in Q1 2023 – NERC
The Nigerian Electricity Regulatory Commission (NERC) said the 11 electricity distribution companies collected N247.09 billion in…
Tinubu flags off NNPC’s 350MW Gwagwalada IPP project to boost electricity supply
President Bola Ahmed Tinubu has flagged off the Nigerian National Petroleum Corporation Limited’s 350 megawatts Gwagwalada…
FG warns illegal miners against disrupting Nigeria’s $700bn industry
The Federal Government, on Thursday, warned against illegal mining activities disrupting Nigeria’s $700 billion industry. According…
FAAN suspends taxi services at Abuja airport
The Federal Airports Authority of Nigeria (FAAN) has suspended taxi services at the Nnamdi Azikiwe International…
DMO to list additional N130bn Sukuk bond on NGX, FMDQ
The Debt Management Office (DMO) has announced plans to expand its capital market offering by listing…
MAFAB has launched 5G services in Nigeria – NCC insists
The Nigerian Communications Commission, NCC, said that its attention had been drawn to some misleading comments…
Incessant interest rates hikes won’t tame Nigeria’s inflation – Ajibola tells CBN
A popular economist and former President and Chairman of the Council of Chartered Institute of Bankers,…
Hardship: Nigerian Breweries announces beer price hike
Amid the hardship caused by fuel subsidy removal, the Nigerian Breweries announced that it would hike…
FCCPC delists 18 more digital lending companies (Full list)
The Federal Competition and Consumer Protection Commission, FCCPC, has delisted Eighteen Digital Money Lending companies. Also,…
BREAKING: Workers have commenced nationwide protest – NLC President, Ajaero
Nigeria’s labour unions have commenced nationwide protests. President of Nigeria Labour Congress, NLC, Joe Ajaero, disclosed…
Nationwide protest: Avert disruption of economic activities – Private sector tells Tinubu
Amid planned nationwide protests by workers, the Organised Private Sector of Nigeria (OPSN) has called on…
NGX loses N79bn as trading slumps
It was downtime as the bears dominated trading activities on the Nigerian Exchange Ltd. (NGX), with…
Tinubu broadcast: Proposed N75bn, N120bn interventions will relieve pains of manufacturers – Ajayi-Kadir
The Manufacturers Association of Nigeria (MAN) said the proposed N75 billion credit interventions by President Bola…
Nigeria’s external reserves shed $167.2m as Naira slumps
Amid the economic downturn, Nigeria’s external reserves lost $167.2m in July as the Naira fell further…
CBN exempts MFBs, PMBs from cash withdrawal limits
The Central Bank of Nigeria has exempted Microfinance and Mortgage banks from its cash withdrawal limit.…
Mixed reactions as OPay CEO, Olu Akanmu suddenly resigns
The president and CEO of the popular financial service company, OPay Nigeria, Olu Akanmu has resigned…
CBN exempts MFBs, PFMs from cash withdrawal limits
The Central Bank of Nigeria has exempted Microfinance and Mortgage banks from its cash withdrawal limit.…
Concerns mount over CBN interest rate hike amid hardship
Financial experts are not at ease with some of the economic policies of President Bola Ahmed…
Oil spill in Ogoda, Brass pipeline contained, reparation underway – NAOC to CSO, communities
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, the National Oil Spill Detection and Response Agency, NOSDRA)…
Nigeria’s debt service ratio rose to 100% in 2022 – DMO
The Debt Management Office (DMO) said Nigeria’s debt service to revenue ratio in 2022 reached 100…
NCC boss, Danbatta advises businesses on disruptive technologies
Executive Vice Chairman of the Nigerian Communications Commission, NCC, Prof Umar Garba Danbatta has advised businesses…
Tinubu, Google commit to creating one million jobs for Nigerians
President Bola Tinubu has expressed the willingness of the Federal Government of Nigeria to support global…
Currency in circulation rises to N2.26trn – CBN
Currency outside banks rose to N2.26 trillion at the end of the first half 2023. The…
Forex volatility, drop in vehicle importation cut Customs revenue by 4.5 per cent
Following foreign market volatility, Nigeria’s customs service revenue dropped by 4.5 per cent in the first…
Electricity hike will worsen misery for Nigerians – ICAN warns Tinubu
The Institution of Chartered Accountants of Nigeria has warned that a hike in electricity tariff would…
Naira drops against Dollar, exchanges at N775.76 in official window
The Naira on Friday ended the week losing against the Dollar, exchanging at N775.76, at the…
Tinubu, Google commit to plan to create one million jobs for Nigerians
President Bola Tinubu has expressed the willingness of the Federal Government of Nigeria to support global…
155 Nigerian textiles companies collapsed in few years – Senator Jibrin
Senator Walid Jibrin, a former Chairman of the Textile Manufacturers Association of Nigeria, has said 155…
Nigeria Customs announces new appointments [Full List]
President Bola Ahmed Tinubu has approved the appointment of Deputy Comptroller Generals and Assistant Comptroller Generals…
FG mulls delisting 100,000 companies
The federal government has revealed plans to remove 100,000 registered companies from its database. The Register…
CBN pegs transactions on PAPSS by dealer banks to $200,000
The Central Bank of Nigeria (CBN) has limited the number of dollars to be transacted on…
Over 300m Africans go hungry daily – Afreximbank President Oramah
The African Export-Import Bank, Afrixembank, said over 300 million Africans go hungry daily due to food…
100,000 companies to lose CAC registration for not publishing returns – Registrar, Abubakar
The Corporate Affairs Commission, CAC, has listed 100,000 to be delisted from the Commission’s register for…
FG gives tips to boost non-oil export
The Federal government has engaged newly registered exporters on ways to boost non-oil revenue. According to…
Economic hardship: NECA faults CBN MPC’s interest rate hike
The Nigeria Employers’ Consultative Association, NECA, has faulted the Central Bank of Nigeria Monetary Policy Committee’s…
Cooking gas price drops by 6.71% to N4000 for 5kg cylinder – NBS
The average price for a 5kg cylinder of Liquefied Petroleum Gas, known as cooking gas, decreased…
High exchange rates, taxes killing private businesses – Nigerian importer Akinola tells Tinubu
Lagos based businessman, Banji Akinola has urged President Bola Tinubu to save private businesses from collapse…
CBN MPC retains 32.5% Cash Reserve Ratio
The Central Bank of Nigeria’s Monetary Policy Committee has retained Cash Reserve Ratio at 32.5 per…
Naira records marginal gain against Dollar, exchanges at N791.42 in official window
The Naira on Tuesday appreciated against the dollar, exchanging at N791.42 at the Investors and Exporters…
Abia to have independent power supply in weeks – Gov Otti
Alex Otti, the Governor of Abia State has said Aba will be independently powered through the…
BREAKING: CBN MPC raises interest rate to 18.75%
The Central Bank of Nigeria’s Monetary Policy Committee has moderately hiked monetary policy rates to 18.75…
IMF retains 3.2% economic growth forecast for Nigeria
The US-based International Monetary Fund (IMF) has retained its 3.2 per cent forecast for Nigeria’s economic…
FG raises alarm over increasing extortion on port access roads
The Federal government has raised the alarm over increasing extortion along access roads of the Lagos…
NAFDAC names mayonaise Nigerians must avoid
The National Agency for Food and Drug Administration, NAFDAC, has warned Nigerians not to patronize Whippy…
Reps probe oil companies over $9.5bn revenue lost to gas flaring
The House of Representatives has commenced a probe of oil companies operating in the Niger Delta…
Interest rate hike will lead to recession – Financial expert warns CBN
Following the ongoing Central Bank of Nigeria Monetary Meeting Policy, a financial expert has advised the…
N790bn savings from FAAC raises concerns amid hardship
Financial experts have raised concerns over the N790 billion saving from June’s distributable revenue of N1.9…