•Former President Muhammadu Buhari The Chairman of the Federal Inland Revenue Service (FIRS), Zacheus Adedeji, yesterday, faulted the N2.59 trillion Tax Credit Scheme introduced by former President Muhammadu Buhari’s administration for road construction. This was as the Nigerian National Petroleum Company Limited (NNPCL), one of the executors ...
•Protest in northern Nigeria Desperate Nigerians have been protesting against soaring food prices as an economic crisis forces people to skip meals and eat poor-grade rice used as fish food. To feed their children, women in northern Nigeria have even resorted to digging up anthills in search of grain stored by the insects, according to [&helli...
•Dangote Refinery The Dangote Petroleum Refinery has issued tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery, trading sources with knowledge of the matter told Reuters. Nigerians have been eagerly looking forward to the release of products from the $20bn Dangote refinery after it was inaugurated in Ma...
Mixed reactions have trailed the confirmation by the International Monetary Fund (IMF) that the federal government has resumed the payment of subsidies on the premium motor spirit (PMS), otherwise known as petrol through the backdoor. Recall that during his inauguration on May 29, 2023, President Bola Tinubu announced an end to petrol subsidy,...
•Lekki Seaport Following the adjustment in foreign exchange rate for clearance of cargoes at the port by 2.56 per cent today, maritime experts have accused the Central Bank of Nigeria (CBN) of running the nation’s economy like Banana Republic. They argued that the incessant increase in Customs import duty will continue to make cost of [&hellip...
The federal government has assured the Nigeria Labour Congress (NLC), and the Trade Union Congress (TUC) that it would resume the payment of wage award to workers this week. A statement by Mr Olajide Oshundun, the spokesperson to the Minister of State, Labour and Employment, Nkeiruka Onyejeocha, yesterday, said the Minister gave the assurance ...
•Femi Falana As a way to strengthen the naira against the dollar, human rights lawyer, Femi Falana, has urged the federal government of Nigeria to join economic bloc BRICS and sell the Nigerian crude to foreigners in naira and not in the United States’ currency. He also said the federal government should reduce its reliance […]
•Speaker Obasa The Lagos State House of Assembly has decried the continued downward slide in the value of the naira against the dollar. As at today, a dollar hovered between N1,474 and N1,500 and the lawmakers, at plenary, advised the federal government and the Central Bank of Nigeria (CBN) on some bold steps to take […]
The Central Bank of Nigeria (CBN), has again, raised the currency rate that is applied when determining customs charges at the nation’s seaports. Data from the Nigeria Customs Service’s official trade portal indicates that yesterday, Monday, February 12, the exchange rate was raised from N1,417.635 per Dollar to N1,444.56 per Dollar, reports D...
A protest has rocked Damaturu, the Yobe State capital, by the Association of Tricycle Drivers (NAPEP) over what they called extortion by the Yobe State Road Transport Agency (YOROTA). According to them, the agency is extorting payment of daily fees from their members, ordering fresh registration by every rider, reports Channels TV. The protest...

