Economy - Page 3

Tinubu Appoints Dr. John Nwabueze as Nigeria’s Tax Ombudsman

President Bola Tinubu has approved the appointment of Dr John Nwabueze as Nigeria’s Tax Ombudsman. The appointment aligns with the Joint Revenue Board of Nigeria (Establishment) Act, 2025, and supports ongoing reforms in the nation’s tax and revenue system. Presidential Spokesperson, Mr

November 5, 2025

Economy·Headlines·News

Dangote Refinery Refutes Mass Layoff, Labels Exercise A System Clean-Up

The management of Dangote Petroleum Refinery and Petrochemicals has denied reports of mass sackings, clarifying that its recent workforce restructuring was part of a system-wide clean-up aimed at addressing sabotage and safeguarding assets. In a letter dated 24 September 2025, signed by

by News Editor

September 26, 2025

Economy·Headlines·News

BUA Group Boss Predicts Naira To Hit N1,300–N1,400/$ By December

Chairman of BUA Group, Abdul Samad Rabiu, has projected that the naira will appreciate further against the dollar, settling between N1,300 and N1,400 before the close of the year. Rabiu made the forecast on Wednesday following an audience with President Bola Ahmed

by News Editor

September 25, 2025

Economy·News

Experts Push For 100% Tobacco Tax Hike To Boost Government Revenue, Save Lives

Health and financial policy experts are calling on the Federal Government to double excise taxes on tobacco products, arguing that stronger taxation will both curb smoking and provide badly needed revenue. Nigeria’s current tax structure—30% ad valorem, ₦84 per cigarette pack, plus

by News Editor

September 25, 2025

Economy·Headlines·News

DAPPMAN Urges Dangote Refinery To Ensure Affordable Fuel Supply, Warns Against Market Domination

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has urged the Dangote Petroleum Refinery to improve access to fuel supplies and ensure that products are sold at fair and affordable rates for the benefit of Nigerians. Speaking during an interview

by News Editor

September 24, 2025

News·Economy·Headlines

CBN Confirms 14 Banks Have Met Recapitalisation Target As MPC Lowers Policy Rate To 27%

The Central Bank of Nigeria (CBN) has confirmed that 14 commercial banks have successfully met the new minimum capital requirements set under its ongoing recapitalisation programme. This disclosure was made by the CBN Governor, Olayemi Cardoso, on Tuesday in Abuja during the

by News Editor

September 24, 2025

Headlines·Economy·News Update

NUPENG, PENGASSAN Warn FG Against JV Oil Asset Sale, Reject Moves To Amend PIA

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have strongly opposed the Federal Government’s proposed plan to divest significant stakes in Joint Venture (JV) oil assets managed by

by News Editor

September 24, 2025

News·Economy

NEITI Backs FG’s Revocation Of 1,263 Mineral Licences

The Nigeria Extractive Industries Transparency Initiative (NEITI) has thrown its weight behind the Federal Government’s decision to revoke 1,263 mineral licences belonging to operators who failed to fulfil their statutory obligations. In a statement issued on Monday, the agency’s Director of Communications

by News Editor

September 23, 2025

News·Economy·Foreign News

Nigeria-UAE Non-Oil Trade Surges to $4.3bn In 2024

Trade between Nigeria and the United Arab Emirates (UAE) for non-oil commodities rose to a historic $4.3 billion in 2024, underscoring the growing importance of bilateral economic ties between the two nations. This was disclosed by the UAE Consul-General in Lagos, Salem

by News Editor

September 23, 2025

Economy·Headlines·News Update

Nigeria’s Energy Future Under Siege By Cabals, Otedola Cautions

Billionaire investor and Chairman of Geregu Power Plc, Femi Otedola, has raised fresh concerns over the future of Nigeria’s oil and gas industry, warning that entrenched interests and powerful cabals still threaten the sustainability of reforms, despite recent breakthroughs in the sector.

by News Editor

September 23, 2025

News Update·Economy

Nigeria Devotes 69% of 2024 Revenue To Debt Service – Budget Office

Nigeria’s fiscal outlook remains tight as the Federal Government allocated 69 per cent of its total 2024 revenue to debt servicing, according to the latest Budget Implementation Report (BIR) from the Budget Office of the Federation (BOF). The report shows that out

by News Editor

September 22, 2025

Economy·Headlines

Dangote Blames NUPENG Truck Levies For Rising Fuel Prices

Africa’s richest man and President of Dangote Group, Aliko Dangote, has alleged that the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) collects up to N50,000 on every truck loading fuel from his refinery, a practice he says is driving up

by News Editor

September 22, 2025

Economy

NECA Hails Inflation Drop, Urges CBN To Ease Monetary Policy

The Nigeria Employers’ Consultative Association (NECA) has welcomed the continued decline in Nigeria’s inflation rate, calling on the Central Bank of Nigeria’s Monetary Policy Committee (MPC) to begin loosening its tight monetary stance to stimulate growth. This comes after the National Bureau

by News Editor

September 22, 2025

Economy

FG Deepens AfCFTA Drive With Advanced Workshop On Rules Of Origin

The Federal Government has stepped up efforts to maximise Nigeria’s participation in the African Continental Free Trade Area (AfCFTA) by hosting an Advanced Workshop on Rules of Origin in Abuja. The training session brought together trade-enabling agencies, organised private sector representatives, and

by News Editor

September 22, 2025

Economy

Nigeria, China Reaffirm Friendship at Joint Independence and National Day Celebration

Nigeria and China have restated their commitment to stronger bilateral cooperation during a joint celebration of Nigeria’s 65th Independence anniversary and China’s 76th National Day, held in Lagos on Sunday. The colourful event, which also coincided with China’s Mid-Autumn Festival, drew diplomats,

by News Room

September 22, 2025

News Update·Economy

CORAN, Karimi Urge Collaboration Between Marketers, Refineries

Nigeria’s refining sector is facing renewed tensions as disputes deepen between refinery operators, petroleum marketers, and truck drivers’ unions over the future of the downstream industry. The Crude Oil Refiners Association of Nigeria (CORAN) has urged the Depot and Petroleum Products Marketers

by News Editor

September 21, 2025

Previous 1 2 3 4 5 … 37 Next

Economy - Page 3

Tinubu Appoints Dr. John Nwabueze as Nigeria’s Tax Ombudsman

Dangote Refinery Refutes Mass Layoff, Labels Exercise A System Clean-Up

BUA Group Boss Predicts Naira To Hit N1,300–N1,400/$ By December

Experts Push For 100% Tobacco Tax Hike To Boost Government Revenue, Save Lives

DAPPMAN Urges Dangote Refinery To Ensure Affordable Fuel Supply, Warns Against Market Domination

CBN Confirms 14 Banks Have Met Recapitalisation Target As MPC Lowers Policy Rate To 27%

NUPENG, PENGASSAN Warn FG Against JV Oil Asset Sale, Reject Moves To Amend PIA

NEITI Backs FG’s Revocation Of 1,263 Mineral Licences

Nigeria-UAE Non-Oil Trade Surges to $4.3bn In 2024

Nigeria’s Energy Future Under Siege By Cabals, Otedola Cautions

Nigeria Devotes 69% of 2024 Revenue To Debt Service – Budget Office

Dangote Blames NUPENG Truck Levies For Rising Fuel Prices

NECA Hails Inflation Drop, Urges CBN To Ease Monetary Policy

FG Deepens AfCFTA Drive With Advanced Workshop On Rules Of Origin

Nigeria, China Reaffirm Friendship at Joint Independence and National Day Celebration

CORAN, Karimi Urge Collaboration Between Marketers, Refineries

Recent Posts

Subscribe to OurNewsletter

Suggestions

Economy - Page 3

Recent Posts

Subscribe to OurNewsletter

Add The Beacon NG to your Homescreen!