Category: Business and Economy
KPMG flags five major ‘errors’ in Nigerian tax laws
Fresh apprehension has surfaced over Nigeria’s newly implemented tax framework after KPMG Nigeria highlighted what it described as “errors, inconsistencies, gaps, and omissions” in the ... Read More
Airlines, travel agencies brace for drop in passenger traffic over U.S. visa ban
Heightened tension has emerged across Nigeria’s aviation and travel industry as the United States moves to enforce new visa restrictions on Nigerian nationals from 1 January ... Read More
Nigeria’s inflation drops to 14.45% in November, NBS says
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate decreased to 14.45% in November 2025. The NBS announced the decrease in its consumer ... Read More
Dangote refinery reduces petrol price to N699 per litre
The Dangote Petroleum Refinery has again reduced its petrol gantry price, slashing the ex-depot rate from N828 to N699 per litre. Real-time market data published ... Read More
Dangote refinery reduces petrol price to N699 per litre
The Dangote Petroleum Refinery has again reduced its petrol gantry price, slashing the ex-depot rate from N828 to N699 per litre. Real-time market data published ... Read More
CBN removes cash deposit limit for bank customers, raises weekly withdrawal limit
The Central Bank of Nigeria (CBN) has removed the limit on cash deposits and raised the weekly cash withdrawal limits across all channels to N500,000 ... Read More
Nigeria’s economy grows 3.98% in Q3 2025, driven by agriculture, ICT, finance, NBS says
The economy of Nigeria expanded by 3.98% in the third quarter of 2025, slightly up from 3.86% in the same period of 2024, according to ... Read More
FG exceeds 2025 borrowing target by 55.6%
The Federal Government (FG) has borrowed N17.36 trillion from domestic and foreign sources in the first 10 months of this year. This represents N6.06 trillion ... Read More
Trump’s threat sparks massive sell-offs in Nigerian stock market as investors lose N2.8tn
The Nigerian stock market recorded a significant downturn in the last five days as investors at the Nigerian Exchange Limited, NGX, lost a massive N2.8 ... Read More
World Bank to review Nigeria’s fresh $1bn loan request on December 16
The World Bank has scheduled December 16 as the tentative approval date for Nigeria’s request for a new $1 billion Development Policy Financing (DPF) facility under a fresh initiative titled “Nigeria Actions ... Read More