Economy - Page 7

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

Nigeria, Poland Set To Host Inaugural Economic Forum In Lagos

Nigeria and Poland are set to deepen bilateral trade and investment ties with the maiden edition of the Polish–Nigerian Economic Forum, scheduled for September 11, 2025, at the Eko Hotel & Suites, Lagos. According to a statement the one-day forum is being

by News Editor

September 4, 2025

Economy·Politics

Presidency: Nigeria on Track to Meet Non-Oil Revenue Targets

The Presidency has announced that Nigeria is firmly on course to achieve its annual non-oil revenue target, citing the strongest fiscal performance in the country’s recent history. In a statement released on Wednesday, Presidential Adviser on Information and Strategy, Bayo Onanuga, said

by News Editor

September 4, 2025

Economy·News·Politics

Tinubu To Commission 6,000MT Lithium Processing Plant In Nasarawa

All is set for President Bola Ahmed Tinubu to travel to Nasarawa State to inaugurate a new 6,000-metric-ton lithium processing plant built by Chinese investors, Governor Abdullahi Sule announced on Wednesday. Speaking with State House correspondents after a closed-door meeting with the

by News Editor

September 4, 2025

Economy·Headlines

Tinubu: Nigeria No Longer Needs to Borrow, Revenue Targets Surpassed

President Bola Ahmed Tinubu on Tuesday announced that his administration had surpassed Nigeria’s 2025 revenue targets months ahead of schedule, assuring that the country would no longer rely on borrowing to finance government expenditure. Speaking at the State House in Abuja during

by News Editor

September 3, 2025

Economy

Tariff Dispute: NERC Engages State Regulators, Discos in Lagos

The Nigerian Electricity Regulatory Commission (NERC) has convened a meeting with state electricity regulators, distribution companies, and other key players in the power sector to tackle lingering disputes over tariff-setting powers and other transition challenges. The two-day session, which began on Monday

by News Room

September 3, 2025

Economy

FG, Oil Majors Seal Offshore Production Sharing Deal

The Federal Government has entered into a new Production Sharing Contract (PSC) with French energy giant TotalEnergies and its partner, South Atlantic Petroleum (Sapetro), for two deepwater blocks in the Niger Delta Basin. The agreement, brokered through the Nigerian Upstream Petroleum Regulatory

by News Room

September 3, 2025

Economy

Importers Decry $500 Surcharge Imposed By CMA CGM

Nigerian importers may face higher importation costs in the coming weeks following a fresh $500 surcharge introduced by French shipping company, CMA CGM, on cargo headed for Nigeria and other West African destinations. The global shipping giant, in a notice published on

by News Room

September 3, 2025

Economy

NNPCL Names Odeh, Adewunmi As New Spokespersons

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has named Mr. Andy Odeh and Mrs. Morenike Adewunmi to top leadership positions in its communications and public relations units. In a statement issued on Tuesday, the NNPC Ltd. management announced that Odeh has

by News Editor

September 3, 2025

Economy

Expert Urges Economic Diversification, Warns Nigeria’s Oil Dependence Unsustainable

A constitutional lawyer and strong advocate of economic restructuring, Prof. Maxwell Gidado, has warned that Nigeria faces a bleak economic future if it continues to rely heavily on crude oil as its primary revenue source. Speaking with journalists, Gidado stressed that the

by News Editor

September 3, 2025

Economy

NES To Chart Path For Transformation At 66th Annual Conference

The Nigerian Economic Society (NES) and its partners have renewed their commitment to steering Nigeria toward economic transformation and greater financial stability. Speaking at a press conference in Abuja on Tuesday, President and Chairman of the NES Council, Professor Adeola Adenikinju announced

by News Editor

September 2, 2025

Economy·Headlines

Nigeria Must Triple GDP Growth To Meet $1 Trillion Target, Says Minister

The Minister of State for Industry, Trade and Investment, John Owan Enoh, says Nigeria must raise its Gross Domestic Product (GDP) growth rate from the current 3 percent to at least 7–8 percent if it is to achieve President Bola Tinubu’s vision

by News Editor

September 2, 2025

Economy·Headlines

Naira Gains Momentum As Capital Inflows, Reserves Strengthen

Nigeria’s foreign exchange reforms are beginning to yield results, with rising capital inflows, stronger reserves, and improving investor sentiment boosting confidence in the naira’s long-term stability. Analysts note that the Central Bank of Nigeria’s (CBN) market-driven policies, backed by fiscal adjustments from

by News Editor

September 2, 2025

Economy·News

Nigeria, Brazil Open Talks On Strengthening Financial Cooperation

Nigeria and Brazil have opened discussions aimed at deepening economic and financial cooperation, with a focus on payment systems, fintech, and mobile money growth. The talks, held in Brasília, brought together the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso,

by News Editor

September 1, 2025

Economy·Religion

Lamido Faults Buhari, Tinubu Over Nigeria’s Economic Woes

Former Jigawa State Governor and chieftain of the Peoples Democratic Party (PDP), Sule Lamido, has blamed the All Progressives Congress (APC) for Nigeria’s worsening economic situation, accusing the ruling party of deepening poverty and hardship across the country. Speaking at an expanded

by News Editor

September 1, 2025

Economy

Tax Expert Backs New Tax Reform Act, Says It Will Boost Investment, Ensure Fairness

A tax expert, Uzoma Kelechi, has said the recently enacted Tax Reform Act will enhance investment and promote fairness in Nigeria’s tax system. Kelechi made this known during a capacity-building workshop organised by the Tax Justice and Governance Platform, Federal Capital Territory

by News Editor

August 31, 2025

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Economy - Page 7

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

Nigeria, Poland Set To Host Inaugural Economic Forum In Lagos

Presidency: Nigeria on Track to Meet Non-Oil Revenue Targets

Tinubu To Commission 6,000MT Lithium Processing Plant In Nasarawa

Tinubu: Nigeria No Longer Needs to Borrow, Revenue Targets Surpassed

Tariff Dispute: NERC Engages State Regulators, Discos in Lagos

FG, Oil Majors Seal Offshore Production Sharing Deal

Importers Decry $500 Surcharge Imposed By CMA CGM

NNPCL Names Odeh, Adewunmi As New Spokespersons

Expert Urges Economic Diversification, Warns Nigeria’s Oil Dependence Unsustainable

NES To Chart Path For Transformation At 66th Annual Conference

Nigeria Must Triple GDP Growth To Meet $1 Trillion Target, Says Minister

Naira Gains Momentum As Capital Inflows, Reserves Strengthen

Nigeria, Brazil Open Talks On Strengthening Financial Cooperation

Lamido Faults Buhari, Tinubu Over Nigeria’s Economic Woes

Tax Expert Backs New Tax Reform Act, Says It Will Boost Investment, Ensure Fairness

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