Economy
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President Bola Tinubu has reiterated his administration’s commitment to curbing inflation and stabilising the Nigerian economy through fiscal discipline, transparency, and inclusive governance. The president made this known on Monday while declaring open the National Conference on Fiscal Governance, Transparency and Accountability in Abuja. The three-day event was convened by the Public Accounts Committee of […]
President Bola Tinubu has declared data as “the new oil,” emphasizing its critical role in governance and Nigeria’s global standing. He announced a directive for all ministries, departments, and agencies to capture, safeguard, and responsibly release data to drive public value and facilitate international benchmarking. This strategic emphasis on data comes as Galaxy Backbone launches […]
The House of Representatives says it will investigate Nigeria’s outstanding debt of 1.2 million Euros to the Organisation of African, Caribbean and Pacific States. Nigeria, like other member-states, is expected to contribute financially to the OACPS budget and various development programmes. However, reports suggest that Nigeria has struggled to meet these financial obligations consistently, potentially […]
The United States and China have reached a breakthrough in their ongoing trade dispute, finalising a framework agreement that signals a major step toward de-escalating tariff tensions between the world’s two largest economies. China’s Ministry of Commerce confirmed on Friday that both sides had “further confirmed the details of the framework” following talks held earlier […]
President Bola Tinubu has assented to the four tax reform bills recently passed by the National Assembly. The leadership of the National Assembly and some legislators, governors, ministers, and aides of the President attended the short ceremony, which took place at the Presidential Villa yesterday. The four bills: the National Assembly passed the Nigeria Tax […]
President Bola Tinubu is scheduled to sign into law four transformative tax reform bills today at the Presidential Villa, Abuja, in what is being described as a historic step towards restructuring Nigeria’s revenue administration and improving the ease of doing business. According to a statement by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, […]
The Nigerian Senate has granted a six-month extension for the implementation of the capital component of the 2024 national budget, shifting the deadline from June 30 to December 31, 2025. The decision, taken during today’s plenary session, followed the presentation and accelerated passage of a bill to amend the 2024 Appropriation Act. The bill, sponsored […]
Global oil prices climbed on Monday, and the U.S. dollar strengthened in the wake of airstrikes on Iran’s nuclear facilities over the weekend. The geopolitical tensions triggered market reactions as investors gauged potential fallout from the attack and anticipated Tehran’s next move. Both Brent crude and West Texas Intermediate (WTI) surged by more than four […]
President of the Dangote Group, Aliko Dangote, says his 650,000-barrel-per-day refinery has been increasingly reliant on crude oil imports from the United States due to persistent domestic supply shortfalls. This revelation came during a meeting with the Technical Committee of the Federal Government’s One-Stop Shop (OSS) on crude sales and refined products in naira. Dangote […]
The 36 state governors of the federation have unanimously agreed to dismantle illegal roadblocks and curb multiple taxation practices across Nigeria in a bid to address rising food prices and inefficiencies in the national food supply chain. The resolution was reached at the end of a meeting of the Nigeria Governors’ Forum (NGF), which held […]
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