Nigeria Imposes 15% Fuel Import Tariff to Protect Refineries
ABUJA, Nigeria – Nigeria is set for potential fuel price adjustments following President Bola Ahmed Tinubu’s approval of a 15 per cent import duty…
Business and Economy
Global Gold Demand Hits Record High Amid Geopolitical Tensions
ABUJA, Nigeria – Global demand for gold surged to a record high in the third quarter of the year as rising geopolitical tensions drove…
FIRS Introduces 10% Tax on Treasury bills, Other Investment Yields
ABUJA, Nigeria – The Federal Inland Revenue Service (FIRS) has introduced a 10 per cent withholding tax on interest earned from short-term investment instruments,…
FG Secures N700bn to Install Two Million Meters Yearly
ABUJA, Nigeria – The Federal Government has secured ₦700 billion to fund the installation of two million electricity meters annually under the Presidential Metering…
FG’s Economic Reforms Target Vulnerable Nigerians – Edun
ABUJA, Nigeria – Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says ongoing economic reforms are specifically designed to cushion hardship…
NCAA Sets $11.5 Passenger Data Charge for International Flights
ABUJA, Nigeria – The Nigeria Civil Aviation Authority (NCAA) has announced a new $11.5 fee for all international passengers travelling into or out of…
FG Pushes Southeast Traders to Tap ECOWAS Duty-Free Market
ABUJA, Nigeria – The Federal Government has urged manufacturers and traders in the Southeast to take advantage of the ECOWAS Trade Liberalisation Scheme (ETLS)…
NNPC Strengthens Downstream Revamp, Urges Collaboration for Sustainable Energy Future
ABUJA, Nigeria – The Nigerian National Petroleum Company Limited (NNPC Ltd) has reaffirmed its commitment to overhauling downstream infrastructure and expanding collaboration across the…
Keyamo Seeks ‘Fly Nigerian Act’ to Boost Local Airlines’ Growth
ABUJA, Nigeria – The Minister of Aviation and Aerospace Development, Festus Keyamo, has announced plans to introduce a “Fly Nigerian Act”, a new law…
Firefighters Contain Gas Explosion at Orile-Iganmu Market Lagos
LAGOS, Nigeria – A gas explosion occurred Sunday at Orisunmibare Market in the Orile-Iganmu area of Lagos, sending traders into panic before emergency services…