Economy
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The All Progressives Congress (APC) and opposition parties on Wednesday traded words over President Bola Tinubu’s declaration that Nigeria had already met its 2025 revenue target, months ahead of schedule. While the ruling APC hailed the achievement as proof of Tinubu’s economic reforms, opposition parties, including the African Democratic Congress (ADC), Labour Party (LP), New Nigeria […]
The Presidency has said Nigeria is firmly on track to meet its annual non-oil revenue target. This was disclosed in a statement signed on Wednesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, cited new figures showing a sharp rise in collections driven by fiscal reforms, tax compliance, and digitised revenue systems. […]
The average retail price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, surged by 44.51% year-on-year in July 2025, according to the National Bureau of Statistics (NBS). In its Liquefied Petroleum Gas (LPG) Price Watch Report for July 2025, released on Tuesday, the NBS said the cost […]
The National Economic Council (NEC) on Thursday approved the framework for the Renewed Hope Development Plan (2026–2030), designed to consolidate ongoing reforms and steer Nigeria towards achieving a $1 trillion economy by 2030. The decision was part of the resolutions reached at the council’s 151st meeting, presided over by Vice President Kashim Shettima at the Presidential […]
Nigeria and Brazil are set to sign key agreements in aviation, agriculture, and other sectors during President Bola Ahmed Tinubu’s two-day state visit to the South American nation. The deals, expected to be finalised between today and tomorrow, will restore direct flights between Lagos and Rio de Janeiro and attract major investments into Nigeria’s livestock […]
The Nigeria Customs Service has called on border communities to provide credible intelligence to the Service to help in the fight against smuggling activities and related activities. Area Comptroller, Ogun 1 Area Command, Godwin Otunla, made the call in an interview with the News Agency of Nigeria on Monday in Idiroko, Ogun. Otunla said that the […]
The Nigerian National Petroleum Company Limited has recorded a substantial decline in its profit after tax, dropping from N905bn in June to N185bn in July. This represents a staggering 79.6% decrease in profit. The company, in its monthly report released late on Thursday, said it recorded N4.41tn in July, down from N4.57tn in the previous […]
Presidential candidate for Labour Party in 2023, Peter Obi, has criticised the Revenue Mobilisation Allocation and Fiscal Commission over its proposal to increase salaries for political office holders by over 100 per cent. In a statement released late Wednesday on X, Obi described the move as a “shameless grab for more” at the expense of […]
President Bola Tinubu on Wednesday called for reforms at the United Nations (UN) to give Africa permanent representation on the security council. Speaking at the plenary session on peace and stability during the 9th Tokyo International Conference on African Development (TICAD9) in Yokohama, Japan, Tinubu argued that Africa deserves two permanent seats with full privileges. […]
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has warned that Africa must curb corruption and illicit capital flows—estimated at over $580 billion annually—if the continent is to manage its mounting debt stock nearing $2 trillion. Adesina, in an interview with Bloomberg in Maputo, Mozambique, stressed that while access to concessional financing […]
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