With inflation at 16 per cent, spike in food prices, housing construction and transportation costs are forcing many families to make difficult survival choices, including abandoning decent accommodation and resorting to unhealthy living conditions. The inflation report showed that restaurants and accommodation services contributed 2.06 percent...
Stakeholders in Nigeria’s economy have implored refiners, depot owners, and fuel importers to reduce their prices. They say international crude oil prices have dropped, so pump prices and ex-depot costs should also be reduced, reports Daily Independent. The National President of The Petroleum Products Retail Outlets Owners Association of Niger...
•National Bureau of Statistics (NBS) head office, Abuja Experts have advised the federal govÂernment to strengthen the ease of doing business, expand infrastructure, ensure policy consistency and deepen economic reforms to convert short-term investor interest in Nigeria’s economy into lastÂing productive investments. This is coming as they rai...
No fewer than four state governments have set up their own airlines in the last seven years, spending an estimated N500 billion in the carriers’ set-up and fleet acquisition. Apart from the four states, at least three others – Ogun, Anambra and Lagos – are at different stages of establishing their own carriers, with a […]
•An attendant dispensing fuel at a filling station  As global energy markets react to seismic geopolitical shifts, Nigerian consumers and businesses are watching closely to see when the relief felt on the international stage will reflect at local fuel stations. The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has c...
•An open foodstuffs market Agriculture, maritime and trade experts have identified worsening insecurity, and Nigeria’s growing dependence on food imports as major factors fueling food shortagÂes and soaring food prices across the country. The stakeholders lamented that despite possessing vast exÂpanses of fertile arable land and abundant human...
•Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele The federal government has released comprehensive transition guidelines for the implementation of Nigeria’s tax reforms, providing clarity on how taxpayers, businesses and revenue authorities will migrate from the old tax framework to the new regime, which took effect...
Despite billions of naira in investment and more than 100,000 vehicle converÂsions, long queues, inadequate infraÂstructure and safety concerns are testing confidence in the federal government’s compressed natural gas (CNG) transiÂtion agenda. When President Bola Tinubu reÂmoved Nigeria’s decades-old petrol subÂsidy in May 2023, it marked one ...
The federal government, through the Central Bank of Nigeria (CBN), has announced the allocation of two additional crude oil terminals to Swede Control Intertek Limited, a pre-shipment inspection agent. The decision was contained in a statement signed by the Director of the CBN’s Trade and Exchange Department, Aderinola Shonekan. According to t...
The Central Bank of Nigeria (CBN) has ordered banks, fintechs, and other payment service providers to disclose their ultimate beneficial owners. The regulatory measures were contained in a circular dated June 15, 2026, and signed by CBN’s Director, Payments System Supervision Department, Dr. Rakiya Yusuf. Addressed to Deposit Money Banks, Micr...

