The federal government’s plan to reintroduce excise duty on telecommunication services will see consumers paying more for calls. The government is increasing the consumption tax on telecom services to 12.5 percent from... Read more »

Petroleum marketers have resumed importing petrol to supplement the country’s fuel supply, following the inability of the Dangote Refinery to meet demand. Four vessels carrying 123.4 million litres of Premium Motor Spirit... Read more »

The value of the naira depreciated at the unofficial market on Wednesday as it traded at 1,705/dollar, according to Bureau De Change operators in Lagos and Abuja. A BDC operator in Lagos,... Read more »

The World Bank said on Thursday that Nigeria must cut government waste and direct spending to targeted poverty programmes and stick to realistic budgets to avoid unplanned spending. This is contained in... Read more »

The World Bank has said that Nigeria is seeing positive results from the economic reforms by President Bola Tinubu’s administration. World Bank’s lead economist, Alex Sienaert, said this during a presentation in... Read more »

The Nigerian National Petroleum Company (NNPC) Limited has denied claims that it reached an agreement with the Independent Petroleum Marketers Association of Nigeria (IPMAN), on the price of Premium Motor Spirit (PMS),... Read more »

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has outlined measures to tackle inflation and strengthen the banking sector, projecting a more resilient financial system by 2026. Addressing the... Read more »

The Nigerian foreign reserves has risen to US$39.12 billion, representing 12.74 per cent as of October 11, 2024 (last week Friday) from US$34.70 billion at the of end June 2024, the Central... Read more »

Eggs have become inaccessible for several Nigerian homes who cannot afford to pay N6000 to purchase a crate of the poultry products. The average price of a crate of eggs has hit... Read more »