Economy - Page 9

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·News

Dangote Refinery Set to Kick Off Direct Fuel Distribution as 1,000 Trucks Arrive

The much-anticipated fuel distribution scheme of the Dangote Petroleum Refinery is set to begin soon, following the arrival of 1,000 Compressed Natural Gas (CNG)-powered trucks in Nigeria. The trucks, part of a 4,000-unit fleet ordered from China, will enable the refinery to

by News Room

August 26, 2025

News·Economy

Lagos to Host Major Tourism and Culture Expo in December

Lagos will in December host a large-scale cultural and tourism exhibition aimed at repositioning Nigeria’s underdeveloped tourism sector. The three-day event, organised by Migbaci Expo, is expected to draw more than 15,000 industry stakeholders locally and internationally, with an even wider audience

by News Room

August 26, 2025

Economy·Headlines

CBN Raises N8.99trn from T-Bills In Seven Months As 91-Day Rate Falls To 15%

The Central Bank of Nigeria (CBN) raised about N8.99 trillion through Treasury Bills (T-Bills) in the first seven months of 2025, reflecting strong investor appetite for naira assets amid persistent inflationary pressures. The amount represents a 4.1% decline compared to N9.39 trillion

by News Editor

August 25, 2025

Economy·Headlines·News·Politics

Ojulari Warns Reserves Alone Can’t Deliver Growth, Ojulari Warns, Calls for Targeted Gas Reforms

Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari has said that Nigeria must move beyond simply showcasing its vast gas reserves to addressing deeper structural challenges, execution capacity, infrastructure gaps, and human capital development if it

by News Editor

August 25, 2025

Economy·News Update·Politics

NLC Demands Suspension Of Political Salary Review, Says Move Will Deepen Poverty

The Nigeria Labour Congress (NLC) has urged the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to suspend its plan to raise salaries for political office holders, describing the proposal as “insensitive, unjust, and inequitable.” In a statement on Sunday, NLC President, Comrade

by News Editor

August 25, 2025

Economy·Headlines·News·News Update

IPMAN Sets Up Task Force To Curb Fuel Pump Fraud

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has unveiled new measures to tackle fuel pump manipulation and other sharp practices at filling stations. Chairman of the Enugu unit, Chinedu Anyaso, disclosed this in Enugu on Sunday after the association’s 2025 Annual

by News Editor

August 25, 2025

Economy·News·News Update

Federal Government Endorses 2024–2027 Debt Strategy To Sustain Fiscal Stability

The Federal Government has approved Nigeria’s Medium-Term Debt Management Strategy (MTDS) for 2024–2027, a framework aimed at promoting debt sustainability, strengthening fiscal stability, and further developing the domestic securities market. The Debt Management Office (DMO) announced the approval in a statement on

by News Editor

August 25, 2025

Economy·Headlines

Air Peace Takes Delivery Of Fourth Boeing 777 Aircraft

Air Peace has taken delivery of another Boeing 777 aircraft, reinforcing its capacity to drive Nigeria’s presence on the global aviation map. The wide-body Boeing 777-200 ER, registered 5N-CEG was received over the weekend in Lagos. The aircraft, which arrived from Teruel,

by News Editor

August 25, 2025

Economy·Headlines

Nigeria’s Forex Reserves Hit $41bn, Highest in 44 Months

Nigeria’s foreign exchange reserves rose to $41 billion on Tuesday, their highest level in 44 months, according to figures released by the Central Bank of Nigeria (CBN). The reserves are now sufficient to cover around 10 months of imports, marking a major

by News Editor

August 23, 2025

Economy·Headlines·News·News Update

NNPC, Gas Firms Seal 20-Year Supply Deals With NLNG

The Nigerian National Petroleum Company Limited (NNPC) and several upstream gas producers yesterday signed long-term Gas Supply Agreements (GSAs) with Nigeria Liquefied Natural Gas Limited (NLNG) for the supply of 1.29 billion standard cubic feet per day (bscf/d) of feed gas. At

by News Editor

August 23, 2025

Headlines·Economy·Editorial·Editorial (Featured News)

Taxing Poverty: The Perverse Logic of Tinubu’s Revenue Drive

In a bitter irony of fate, the same man who declared that “we cannot continue to tax poverty” has overseen a tidal wave of taxes and levies pushing Nigeria further into the abyss of pauperisation. Taxes should be tools of social progress,

by News Editor

August 23, 2025

Economy·Headlines·Politics

Tinubu Launches Personal Income Tax Calculator Ahead Of 2026 Fiscal Reforms

President Bola Tinubu has unveiled a new Personal Income Tax calculator to help Nigerians estimate their tax obligations under the fiscal reforms recently signed into law by his administration. Announcing the tool in a post on his official X handle on Friday,

by News Editor

August 22, 2025

Economy·Headlines

EFCC Declares Atiku’s Son-in-Law Wanted For Alleged Money Laundering

The Economic and Financial Crimes Commission (EFCC) has declared businessman Bashir Haske, son-in-law to former Vice President Atiku Abubakar, wanted over allegations of criminal conspiracy and money laundering. In a statement by its Head of Media and Publicity, Dele Oyewale, the commission

by News Editor

August 22, 2025

Economy

Nigeria’s Infrastructure Gap Stifling Growth, Investment — NESG

The Nigerian Economic Summit Group (NESG) has flagged the country’s infrastructure gap as a major obstacle to economic growth, warning that it hampers productivity and deters investment. The concern comes ahead of the 31st Nigerian Economic Summit (NES #31), scheduled for October

by News Editor

August 22, 2025

Economy·Headlines

DMO Announces N200bn Savings Bonds Auction For Monday

The Debt Management Office (DMO) has unveiled plans to raise N200 billion through the issuance of savings bonds, with the auction scheduled for Monday and settlement set for Wednesday. According to details released on its website, the offer includes a reopening of

by News Editor

August 22, 2025

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Economy - Page 9

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

Dangote Refinery Set to Kick Off Direct Fuel Distribution as 1,000 Trucks Arrive

Lagos to Host Major Tourism and Culture Expo in December

CBN Raises N8.99trn from T-Bills In Seven Months As 91-Day Rate Falls To 15%

Ojulari Warns Reserves Alone Can’t Deliver Growth, Ojulari Warns, Calls for Targeted Gas Reforms

NLC Demands Suspension Of Political Salary Review, Says Move Will Deepen Poverty

IPMAN Sets Up Task Force To Curb Fuel Pump Fraud

Federal Government Endorses 2024–2027 Debt Strategy To Sustain Fiscal Stability

Air Peace Takes Delivery Of Fourth Boeing 777 Aircraft

Nigeria’s Forex Reserves Hit $41bn, Highest in 44 Months

NNPC, Gas Firms Seal 20-Year Supply Deals With NLNG

Taxing Poverty: The Perverse Logic of Tinubu’s Revenue Drive

Tinubu Launches Personal Income Tax Calculator Ahead Of 2026 Fiscal Reforms

EFCC Declares Atiku’s Son-in-Law Wanted For Alleged Money Laundering

Nigeria’s Infrastructure Gap Stifling Growth, Investment — NESG

DMO Announces N200bn Savings Bonds Auction For Monday

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