BREAKING: New Prices Emerge as FG Increases Petrol Pump Rates
The administration of President Bola Tinubu has again increased the pump price of petrol. The increase, which was made through the Nigerian National Petroleum Company Limited…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Nigerian Man Seen Eating Roadside Food Meant for Sacrifice Amidst Economic Hardship
A shocking incident in Nigeria has gone viral after a man was spotted eating a roadside sacrifice amidst the country’s economic challenges. A trending TikTok video…
FG Offers 50% Tax Cut to Encourage Companies to Raise Employee Wages
The Federal Government has proposed a 50% tax cut for companies that increase wages or provide transportation subsidies to low-income employees. This incentive, detailed in a…
BREAKING: Nigeria’s Public Debt Hits N134.3 Trillion in Q2 2024
Nigeria’s public debt has reached an all-time high of N134.3 trillion, as of the end of the second quarter of 2024. This represents a sharp increase…
NNPCL Begins $6 Billion Debt Repayment Process, FG Reveals
The Nigerian National Petroleum Company Limited (NNPCL) has officially commenced the process of settling its $6 billion debt, according to a statement made by Wale Edun,…
48 hours after, FIRS yet to upload recruitment link as fraudsters flood internet with fake links
Barely two days after the announcement of recruitment from the Federal Inland Revenue Service (FIRS), internet fraudsters have storm the Internet with fake links for the…
“It is unacceptable” CAN rejects tax policy for churches in Abia state
The Christian Association of Nigeria, CAN, Abia state chapter, has rejected a tax policy for church signposts in the state. The Christian body lamented that, as…
Prices of cooking gas set to crash as FG bans export of LPG
The Federal Government has banned the export of locally produced Liquefied Petroleum Gas (LPG), commonly known as cooking gas, starting November 1, 2024. This was announced…
Tinubu’s govt spending habits, threat to economic stability – World Bank
The World Bank has ranked the Nigerian government as weak in managing wasteful expenditures, raising concerns over financial transparency and accountability under President Bola Tinubu’s administration.…
Hardship: Daily Petrol Consumption Crashes by 92% Under Tinubu — Report
Daily consumption of Premium Motor Spirit (PMS) or petrol in Nigeria has dropped drastically under one year after President Bola Tinubu assumed office on May 29,…