Economy - Page 6

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

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News·Economy·Headlines·News Update

NUPENG, Dangote Group Reach Agreement To End Strike

The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has called off its two-day strike after reaching an agreement with the Dangote Group on Tuesday. NUPENG’s National President, Williams Akporeha, confirmed the development, disclosing that the Dangote refinery management, led by

by News Editor

September 9, 2025

Economy·Politics

Kachikwu: Buhari Threatened To Sack Me If Petrol Subsidy Removal Failed

Former Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has disclosed that the late President Muhammadu Buhari once threatened to relieve him of his duties if his push to end petrol subsidy turned out unsuccessful. Kachikwu, who served as minister between

by News Editor

September 9, 2025

Economy·Headlines·News

Fuel Crisis Looms as Dangote, NUPENG, IPMAN Fight Escalate

Efforts to resolve the escalating conflict between Dangote Refinery and oil workers’ unions collapsed yesterday, deepening concerns of a nationwide fuel supply disruption. Talks involving the refinery management, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), and the Nigeria

by News Editor

September 9, 2025

Economy·Headlines·News·Politics

Speaker Abbas Clarifies Position On Borrowing, Calls For Responsible Debt Management

The Speaker of the House of Representatives, Abbas Tajudeen, has dismissed reports suggesting he condemned government borrowing, insisting that his comments were taken out of context. Addressing participants at the 11th Annual Conference and General Assembly of the West Africa Association of

by News Editor

September 9, 2025

Economy·Headlines·News

FG Urges NUPENG To Suspend Planned Strike, Seeks Peaceful Resolution Of Dangote Dispute

The Federal Government has appealed to the National Union of Petroleum and Natural Gas Workers (NUPENG) to suspend its planned strike over a dispute with the Dangote Group. Minister of Labour and Employment, Muhammad Maigari Dingyadi, made the plea on Monday at

by News Editor

September 9, 2025

Economy

Naira Nears Five-Month High, Closes At N1,514.86/$ On Official Market

The naira ended last week on a strong note, trading at N1,514.86 per dollar on the official window, its highest level in nearly five months, according to data from the Central Bank of Nigeria (CBN). The local currency had opened September at

by News Editor

September 9, 2025

Economy·Headlines

Falana Slams Dangote, Backs NUPENG Strike

Human rights lawyer, Femi Falana (SAN), has thrown his weight behind the planned strike by the National Union of Petroleum and Natural Gas Workers (NUPENG), urging the Federal Government to restrain Dangote Refinery from policies he described as “illegal and anti-worker.” NUPENG

by News Editor

September 8, 2025

Economy

FG Unveils NiPHaST To Curb N3.5trn Postharvest Losses

The Federal Government has introduced the Nigeria Postharvest Systems Transformation Programme (NiPHaST), a nationwide initiative aimed at tackling postharvest losses valued at over N3.5 trillion annually and ensuring greater food security. Speaking at the Nigeria Legacy Programme during the Africa Food Systems

by News Editor

September 8, 2025

Economy

Tanker Driver Groups Reject NUPENG’s Planned Strike, Accuse Leaders of Sabotage

Strong opposition has trailed the nationwide strike declared by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), scheduled to begin on Monday, September 8, 2025, over reforms in the downstream oil sector. Two major tanker driver associations including the Petroleum

by News Editor

September 7, 2025

Economy

No Timeline Yet for 5% Fuel Levy – Oyedele

The Federal Government has clarified that the proposed five per cent surcharge on petrol and diesel has no immediate commencement date, dispelling speculation that the policy would kick off in January 2026. Chairman of the Presidential Committee on Fiscal Policy and Tax

by News Editor

September 7, 2025

News Update·Economy·Headlines·News

Group Cautions NUPENG Against Threatening National Stability Over Dangote Refinery

A civil society coalition, Mass Action Against Economic Saboteurs (MAAES), has cautioned the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) against endangering national stability with its planned industrial action targeting the Dangote Petroleum Refinery. In a statement issued on Saturday,

by News Editor

September 7, 2025

Economy

FIRS Advocates Global Reforms On SMEs Tax Evasion

The Federal Inland Revenue Service (FIRS) has urged world leaders to intensify action against cross-border economic crimes, warning that the rising trend threatens revenue mobilisation, fair competition, and sustainable growth. FIRS Chairman, Zacch Adedeji, made the call at the 42nd Cambridge International

by News Editor

September 6, 2025

Economy

FG Targets 10bn SCF Daily Gas Output By 2030

The federal government has restated its ambition of achieving 10 billion standard cubic feet (SCF) of daily gas production by 2030, reaffirming that ongoing reforms are geared towards positioning Nigeria as a leading global energy hub. The Minister of Finance and Coordinating

by News Editor

September 6, 2025

Economy

Relief For Contractors As Edun Pledges Payments From Monday

Indigenous contractors owed by the federal government can now heave a sigh of relief, as Finance Minister Wale Edun has confirmed that payments will begin next week. Edun disclosed this in Abuja on Thursday after a stakeholders’ meeting called by Deputy Speaker

by News Editor

September 6, 2025

Economy·Politics

NECA Commends Imo, Ebonyi Over Wage Review, Urges Other States To Follow

The Nigeria Employers’ Consultative Association (NECA) has applauded the governments of Imo and Ebonyi States for reviewing workers’ minimum wage upward, describing the move as a timely response to Nigeria’s current economic realities. NECA’s Director-General, Adewale-Smatt Oyerinde, gave the commendation while speaking

by News Editor

September 4, 2025

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Economy - Page 6

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

NUPENG, Dangote Group Reach Agreement To End Strike

Kachikwu: Buhari Threatened To Sack Me If Petrol Subsidy Removal Failed

Fuel Crisis Looms as Dangote, NUPENG, IPMAN Fight Escalate

Speaker Abbas Clarifies Position On Borrowing, Calls For Responsible Debt Management

FG Urges NUPENG To Suspend Planned Strike, Seeks Peaceful Resolution Of Dangote Dispute

Naira Nears Five-Month High, Closes At N1,514.86/$ On Official Market

Falana Slams Dangote, Backs NUPENG Strike

FG Unveils NiPHaST To Curb N3.5trn Postharvest Losses

Tanker Driver Groups Reject NUPENG’s Planned Strike, Accuse Leaders of Sabotage

No Timeline Yet for 5% Fuel Levy – Oyedele

Group Cautions NUPENG Against Threatening National Stability Over Dangote Refinery

FIRS Advocates Global Reforms On SMEs Tax Evasion

FG Targets 10bn SCF Daily Gas Output By 2030

Relief For Contractors As Edun Pledges Payments From Monday

NECA Commends Imo, Ebonyi Over Wage Review, Urges Other States To Follow

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