economy
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The Pension Transitional Arrangement Directorate has announced the start of implementation of the new pension increments for pensioners under the Defined Benefit Scheme, saying the adjustments will be reflected in the September 2025 payroll cycle. In a statement signed by Management and posted on its X handle, PTAD said the increase package includes a fixed […]
The Federal Inland Revenue Service (FIRS) has said Nigeria’s sweeping new tax reforms will exempt essential sectors including food, education, agriculture, and shared transportation from value-added tax (VAT), in what it described as the most significant fiscal transformation since independence. The Executive Chairman of the FIRS, Zacch Adedeji, disclosed the reforms during an interview marking […]
Nigerians have to pay additional money to get premium motor spirit, popularly known as petrol, as the feud between Dangote Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, remains unresolved. This is as the closed-door meeting on Monday among the Federal Government, Dangote Refinery and PENGASSAN ended in a deadlock. […]
The National Association of Nigerian Travel Agencies has expressed outrage over the continued insistence of three international airlines on selling tickets exclusively in United States dollars in Nigeria, describing the practice as both disrespectful to the country’s sovereignty and damaging to the naira. Speaking with the news media on behalf of the association, NANTA President, […]
First HoldCo Plc has revealed that its Group Chairman, Mr Olufemi Otedola, a significant shareholder, has increased his stake in the company with the purchase of 39,313,379 units valued at N1.21 billion. The disclosure, filed on the Nigerian Exchange (NGX), revealed that the transaction was executed in Lagos on September 23, 2025, at a share […]
The Central Bank of Nigeria has urged Nigerians to desist from mishandling the naira, warning that improper treatment of the currency contributes to the rising cost of printing and replacement. Deputy Governor, Operations Directorate, Dr. Bala Bello, gave the warning on Wednesday during the flag-off of a nationwide sensitisation campaign on proper handling of the […]
Nigeria’s Gross Domestic Product (GDP) recorded a year-on-year growth rate of 4.23 per cent in the second quarter of 2025, according to the latest data released by the National Bureau of Statistics (NBS). The figure represents an improvement from the 3.48 per cent growth posted in the same period of 2024, indicating a continued recovery […]
The Oyo State Government has commenced the training of 140 youths in tractor operation as part of its drive to boost mechanised farming and food security. The Commissioner for Agriculture and Rural Development, Olasunkanmi Olaleye, disclosed this on Monday during the opening of a four-day training programme at the Ido Local Government Secretariat for youths […]
United States President Donald Trump has signed a new proclamation that significantly raises the application fee for H-1B visas to $100,000, a move expected to cause widespread impact across the technology industry, where such visas are commonly used. The new measure, which may be met with legal opposition, was unveiled on Friday at the White […]
Nigeria’s inflation rate has slowed for the fifth consecutive month, dropping to 20.12 per cent in August, yet economists warn that the relief remains largely statistical as households continue to grapple with high food prices and rising living costs. Speaking on Frontline, a current-affairs programme on Eagle 102.5 FM in Ilese-Ijebu, economic analyst, Professor Adebayo […]
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