Economy - Page 5

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

Politics·Economy

Be Patience, Tinubu’s Reforms Will Deliver Long-Term Gains- Akpabio Senate President Godswill Akpabio has urged Nigerians to remain patient and hopeful as President Bola Tinubu’s administration implements sweeping reforms, assuring that the measures are designed to secure lasting prosperity. Speaking as chairman

by News Editor

September 15, 2025

Economy·Foreign News·Headlines

US Imports Of Nigerian Goods Plunge 41% In July

The United States has cut its imports of Nigerian goods by over 40% within just one month, reigniting worries about the fragility of Nigeria’s trade relationship with one of its most important partners. According to data from the US Census Bureau and

by News Editor

September 15, 2025

Politics·Economy·Headlines

Nigeria Suffers From Years Of Poor Leadership – Sanusi

The 16th Emir of Kano, Muhammadu Sanusi II, has lamented Nigeria’s prolonged struggle with ineffective leadership, saying the country has been plagued by “lousy leaders” for many years. Speaking at the second Kano International Poetry Festival (KAPFEST), organised by the Poetic Wednesdays

by News Editor

September 15, 2025

News·Economy

CACOL Rejects Proposed 5% Petrol Tax, Warns Of Deeper Hardship For Nigerians

The Centre for Anti-Corruption and Open Leadership (CACOL) has strongly opposed the Federal Government’s proposed plan to introduce a 5% tax on petrol. CACOL warned that such a move would deepen the economic suffering of Nigerians. In a statement signed by Director

by News Editor

September 14, 2025

Politics·Economy·Headlines

EFCC Orders Ex-NNPC Boss Kyari To Report Daily, Prepares To File Charges

The Economic and Financial Crimes Commission (EFCC) has directed the immediate past Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, to report at its Abuja headquarters daily as part of ongoing investigations into the alleged mismanagement

by News Editor

September 13, 2025

Headlines·Economy

NUPENG Accuses Sayyu Dantata Of Violating Union Agreement, Threatens Fresh Strike

Barely 48 hours after suspending its nationwide strike, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has accused Sayyu Aliu Dantata of breaching an agreement reached with government officials on workers’ right to unionise. In a statement jointly signed by

by News Editor

September 12, 2025

Economy·Headlines

Reps Push 12 Bills To Reposition Nigeria’s Solid Minerals Sector

The Speaker of the House of Representatives, Abbas Tajudeen, has described the solid minerals sector as a critical driver of Nigeria’s economic diversification, insisting that developing the sector is an imperative, not an option. Speaking at a public hearing on Thursday on

by News Editor

September 12, 2025

Economy·Headlines

FG Revokes 5% Telecom Tax On Voice, Data Services

The Federal Government has scrapped the 5% excise duty previously imposed on telecommunications voice and data services. The National Orientation Agency (NOA) announced the revocation in a statement on Thursday, saying the decision is aimed at easing cost pressures on millions of

by News Editor

September 12, 2025

Economy·Headlines

EFCC Grills Ex-NNPCL Boss Mele Kyari Over $7.2bn Refinery Project

The Economic and Financial Crimes Commission (EFCC) is currently interrogating former Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, over allegations of financial misconduct linked to a $7.2 billion refinery turnaround maintenance project. Sources within the agency

by News Editor

September 12, 2025

WhatsApp Image 2025 08 01 at 14.31.52 811a2eb3

Economy

NNPC Urges Global Investors To Harness Nigeria’s Energy Potential

The Nigerian National Petroleum Company Limited (NNPC) has renewed its call to international investors to explore the vast opportunities in Nigeria’s energy sector. Group Chief Executive Officer of NNPC, Bayo Ojulari, made the appeal during an interview with NBC’s Hala Gorani at

by News Editor

September 11, 2025

Economy

National Grid Suffers Fresh Collapse, AEDC Confirms

The national electricity grid suffered another collapse on Wednesday, plunging parts of the country into blackout. In a notice issued on September 10, 2025, the Abuja Electricity Distribution Company (AEDC) confirmed the incident via its official X handle. According to AEDC, the

by News Editor

September 10, 2025

News Update·Economy·News

FG Unveils Funding Priority Plan For NNPCL-Funded Road Projects

The Federal Ministry of Works has rolled out a funding prioritisation framework to safeguard the completion of strategic road projects earlier financed by the Nigerian National Petroleum Company Limited (NNPCL) under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme. Minister

by News Editor

September 10, 2025

Economy

FIRS, EFCC Strengthen Alliance To Tackle Tax Evasion

The Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) have deepened their collaboration to enforce tax compliance and protect national revenue. FIRS Executive Chairman, Dr. Zacch Adedeji, led a team to the EFCC headquarters in Abuja on

by News Editor

September 10, 2025

Economy

KBL Insurance Backs NIIRA 2025, Reaffirms Commitment To Compulsory Insurance Growth

KBL Insurance Limited has reiterated its commitment to expanding compulsory insurance coverage in Nigeria, following President Bola Ahmed Tinubu’s assent to the Nigeria Insurance Industry Reform Act (NIIRA) 2025. The landmark law, regarded as a cornerstone of the Federal Government’s Renewed Hope

by News Editor

September 10, 2025

Economy

Tinubu’s Shea Policy Will Place Nigeria At Forefront Of Global Market, Says Idris

Minister of Information and National Orientation, Mohammed Idris, has described President Bola Ahmed Tinubu’s suspension of raw shea exports as a visionary step designed to transform Nigeria into a global leader in value-added shea products. Speaking at the 20th Northern Zonal Accountants’

by News Editor

September 10, 2025

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Economy - Page 5

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

US Imports Of Nigerian Goods Plunge 41% In July

Nigeria Suffers From Years Of Poor Leadership – Sanusi

CACOL Rejects Proposed 5% Petrol Tax, Warns Of Deeper Hardship For Nigerians

EFCC Orders Ex-NNPC Boss Kyari To Report Daily, Prepares To File Charges

NUPENG Accuses Sayyu Dantata Of Violating Union Agreement, Threatens Fresh Strike

Reps Push 12 Bills To Reposition Nigeria’s Solid Minerals Sector

FG Revokes 5% Telecom Tax On Voice, Data Services

EFCC Grills Ex-NNPCL Boss Mele Kyari Over $7.2bn Refinery Project

NNPC Urges Global Investors To Harness Nigeria’s Energy Potential

National Grid Suffers Fresh Collapse, AEDC Confirms

FG Unveils Funding Priority Plan For NNPCL-Funded Road Projects

FIRS, EFCC Strengthen Alliance To Tackle Tax Evasion

KBL Insurance Backs NIIRA 2025, Reaffirms Commitment To Compulsory Insurance Growth

Tinubu’s Shea Policy Will Place Nigeria At Forefront Of Global Market, Says Idris

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