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Economy

It’s always about the economy, stupid…

Economy

‘Under New Tax System, NIN Will Be Default Tax Identification Number ‘ – FIRS

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — Nigeria’s Federal Inland Revenue Service has announced that the National Identification Number issued by the National Identity Management Commission now automatically...
Business

Dangote Details $5 Million School Fees Claim Against NMDPRA CEO

Jackson Kachi | Senior News Editor -
LAGOS, Nigeria — Aliko Dangote, president of Dangote Industries Limited, has released detailed figures to support his claim that Farouk Ahmed, chief executive of Nigeria’s Midstream...
Business

Oshiomhole Calls for Stronger Regulation for OPAY, Moniepoint, Fintech Platforms After Hacking Experience

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — Adams Oshiomhole, the senator representing Edo North, has called for stronger regulatory oversight of financial institutions operating outside Nigeria’s traditional banking framework, warning...
Business

Tragedy Averted as Enugu Air Flight Suffers Nose-Gear Failure on Landing

Jackson Kachi | Senior News Editor -
ENUGU, Nigeria — Passengers aboard an Enugu Air flight experienced a frightening moment on Thursday, November 20, 2025, when the aircraft suffered a nose-landing gear...
Economy

National Assembly Approves Tinubu’s Request to Borrow ₦1.15 Trillion for 2025 Budget Gap

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — Nigeria’s National Assembly has approved President Bola Tinubu’s request to borrow N1.15 trillion to help close the deficit in the 2025 federal...
Economy

Senate Rejects NNPCL’s Defence, Orders Refund of ₦210 Trillion to Federation Account

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — The Senate has rejected  the explanations provided by the Nigerian National Petroleum Company Limited (NNPCL) regarding an alleged N210 trillion unaccounted...
Crime

EFCC Declares Timipre Sylva Wanted Over Alleged $14.8 Million Fraud

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — The Economic and Financial Crimes Commission (EFCC) has declared Timipre Sylva, former governor of Bayelsa State and ex-minister of state for petroleum...
Economy

Fuel Queues Return in Lagos Despite Suspension of PENGASSAN Strike

Jackson Kachi | Senior News Editor -
LAGOS, Nigeria — Long queues resurfaced at filling stations in Lagos on Wednesday, October 1, 2025, only days after the resolution of a labour...
Business

PENGASSAN Suspends Strike After Dangote Refinery Agreement

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has suspended its nationwide strike following a resolution brokered by...
Economy

Nigeria to Tax Income of Commercial Sex Workers Under New Fiscal Reforms

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — Commercial sex workers in Nigeria will be required to pay taxes on their earnings under new fiscal reforms set to take...
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