Business
Tax Reforms: Reps Retain VAT at 7.5%, Rejects VAT Hike, Inheritance Tax
The House of Representatives has decided to maintain the Value Added Tax (VAT) rate at 7.5%, rejecting a proposal to gradually increase it to...
Business
Reps Ask CBN to Suspend ATM Charges Increase
The House of Representatives has called on the Central Bank of Nigeria (CBN) to suspend the recent increase in Automated Teller Machine (ATM) charges...
Business
Importers Face Higher Costs as CMA CGM Increases Shipping Charges
Importers and clearing agents operating at Nigeria’s ports are expressing frustration over a recent increase in shipping charges by CMA CGM, a leading French...
News
NMDPRA Approves New Refineries with Capacity to Produce 140,000 Barrels Per Day
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued licences to three oil companies to establish refineries. The new facilities are set...
Business
IMF Praises Tinubu’s Economic Reforms, Says They’re Strengthening the Naira
The International Monetary Fund (IMF) has lauded the economic reforms undertaken by President Bola Ahmed Tinubu’s government, stating that they have played a crucial...
Business
Nigeria Exceeds OPEC Oil Quota by 70,000 Barrels Per Day
Nigeria’s oil production saw a significant rise in February, surpassing its OPEC (Organization of the Petroleum Exporting Countries) production quota by 70,000 barrels per...
Business
Dangote Group Paid Over N402bn in Taxes in 2024 – Spokesperson
Dangote Industries Limited (DIL) and its subsidiaries paid over N402 billion in taxes for the year 2024, making them the highest taxpayer in Nigeria....
Business
Why the Naira Has Been Gaining Strength in Recent Weeks – Expert
For months, Nigerians have been accustomed to seeing headlines about the Naira depreciating against the US dollar. However, the tide seems to be turning,...