Some businesses and traders may be taking advantage of the newly introduced tax laws to arbitrarily increase the prices of goods and services in different parts of the country, findings have shown. Since the commencement of the new tax laws in January, the federal government has maintained that the laws would reduce certain taxes and […...
•Tinubu presenting budget to the joint session of the National Assembly last year The delay in the presentation of the 2026 budget is making it difficult for businesses to plan for the new year, stakeholders and experts have said. They said many businesses rely on the annual budget to make projections, hence the delay in […]
A new survey by the Central Bank of Nigeria (CBN) has revealed that Nigerian businesses and households are still grappling with high interest rates, multiple taxation, and poor infrastructure, even as optimism about the economy continues to rise. According to the CBN Business Expectation Survey for September 2025, the confidence index stood at...
•Police The Imo State Police Command, in synergy with other security agencies, has deployed watertight security to forestall any breakdown of law and order. The Command said it has uncovered following intelligence report, plans by certain groups to stage protests demanding the release of Nnamdi Kanu, who is standing trial for treasonable felon...
•Tinubu The Diocese of Ijesa North (Anglican Communion) has called on President Bola Tinubu to address the security situation in the country. The Church also cried out to President Tinubu over the increasing number of out-of-school children and the collapse of businesses due to worsening poverty, reports The Guardian. These lamentations and pl...
Businesses have taken the hit from the incessant flight delays and cancellations across the over 30 airports in the country. The aviation industry is central to economic development, but there appears to be no end in sight to the menace, reports The Nation. A report by the Nigeria Civil Aviation Authority (NCAA) says no fewer […]
The Federal Capital Territory Internal Revenue Service (FCT-IRS) today sealed the premises of two businesses in Abuja over failure to file tax returns and settle outstanding liabilities, despite multiple notifications. The enforcement operation, carried out under a court order, is part of the agency’s drive to ensure tax compliance and boost i...
•The nation’s gateway in darkness: A section of the Murtala Muhammed International Airport (MMIA) Road, Lagos, without street lights … yesterday. It has remained so in the last two months Nigeria was yesterday thrown into darkness as the national grid operated from Osogbo in Osun State collapsed, leaving homes and businesses in losses. The gri...
•Business growth A report by Nigerian data company Mustard Insights has disclosed that 65 per cent of businesses increased the prices of their goods and services in the year 2024. The findings, based on a survey of over 100 business owners, executives, and industry leaders, offer a comprehensive look at how this year’s challenging economic [&h...
The Lagos Chamber of Commerce and Industry (LCCI) has expressed concerns that businesses may face more stress in the new year, especially with the unabated rise in inflation. The Chamber, in a statement on November inflation rate, issued by its Director General, Dr. Chinyere Almona, yesterday, noted that the persistent rise in the inflation ra...

