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Economy

Tinubu Signs 4 Tax Bills Into Law, Implementation Set for 2026

ABUJA, Nigeria — The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has announced that the newly signed tax reform laws will...

NNPC Raises Petrol Price to ₦915 in Lagos, ₦945 in Abuja

LAGOS, Nigeria — The Nigerian National Petroleum Company (NNPC) Limited has increased the pump price of petrol to ₦915 per litre in Lagos and...

NLC Begins Negotiations with FG, Demands ₦1 Million Minimum Wage

ABUJA, Nigeria — The Nigeria Labour Congress (NLC) has formally initiated negotiations with the Federal Government for a revised national minimum wage of ₦1...

Senate Orders NNPCL to Explain ₦210 Trillion Audit Discrepancy

ABUJA, Nigeria — The Senate on Wednesday, June 18, 2025, issued a one-week ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) to clarify discrepancies...

Ndokwa Residents Protest Over 16-Year Power Outage

KWALE, Nigeria — Hundreds of residents from the Ndokwa area of Delta State on Monday, June 16, 2025, staged a large-scale protest over the...

Emefiele Granted ₦2 Billion Bail Over Alleged Estate Fraud, Proxy Accounts

ABUJA — A High Court of the Federal Capital Territory (FCT) on Monday, June 16, 2025, granted bail in the sum of ₦2 billion...

Mohammed Abacha Escalates Malabu Oil Battle to Supreme Court in Bid to Reclaim Controversial Asset

ABUJA, Nigeria — Mohammed Abacha, son of the late military Head of State, General Sani Abacha, has initiated legal proceedings to appeal a recent...

Customs Grounds 60 Private Jets Over Unpaid Duties, Sparks Lobbying and Security Concerns

ABUJA, Nigeria — The Federal Government, through the Nigeria Customs Service (NCS), has grounded approximately 60 private jets across major Nigerian airports as part...

Dangote Says Nigerians Pay Half the Petrol Price of West African Neighbours

LAGOS, Nigeria — Aliko Dangote, President of the Dangote Group, has revealed that Nigerians are currently paying only 55 per cent of what citizens...

EFCC Files New Charges Against Emefiele Over Alleged Multi-Billion Naira Estate and Proxy Accounts

ABUJA, Nigeria — The Economic and Financial Crimes Commission (EFCC) has filed a fresh eight-count charge against former Central Bank of Nigeria (CBN) Governor...

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