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Business and Economy
Pains and Gains of Fuel Price Hike in Nigeria
By Milcah TanimuPresident Bola Tinubu's administration recently deregulated petrol pricing and removed subsidies. This change led the Nigerian National Petroleum Company Limited (NNPC) to...
Cross-Border Fuel Smuggling Drops Following Subsidy Removal, Says NNPCL Chief
The removal of fuel subsidies in Nigeria has led to a significant decrease in cross-border smuggling of Premium Motor Spirit (PMS), according to...
Four Bloggers Re-Arraigned for Alleged Cyberstalking of GTCO CEO
On Monday, the Police re-arraigned four bloggers — Precious Eze, Olawale Rotimi, Rowland Olonishuwa, and Seun Odunlami — before the Federal High Court...
Nigeria Needs Over $50 Billion to Address Infrastructural Deficit: SEC DG
Nigeria needs over $50 billion to address its growing infrastructural deficit, says SEC Director-General Emomotimi Agama. Speaking at a stakeholders' meeting, Agama emphasized the...
Three Months Later: Nigeria’s Food Import Waiver Policy Fails to Launch
Three months after the federal government introduced an import duty waiver scheme aimed at addressing food insecurity and curbing rising prices, the policy has...
Stamp Duty: Court Orders CBN to Pay Firm N579 Billion
Justice Inyang Ekwo of the Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to pay Kasmal International Services Ltd....
JUST IN: FG Approves Direct Fuel Lifting from Dangote Refinery for Marketers
The Federal Government has granted petroleum marketers permission to lift petrol directly from the Dangote refinery, bypassing the Nigerian National Petroleum Company Limited (NNPCL)....
Naira Gains Against Dollar but Declines Against Euro and Pound
By Milcah TanimuThe Nigerian currency, the naira, has appreciated against the US dollar in the official foreign exchange market. Recent data shows that the...
New Bill Requires Tax ID for Opening Bank Accounts in Nigeria
A new bill has been proposed in Nigeria that mandates individuals involved in banking, insurance, stockbroking, and other financial services to provide a Tax...
Net Forex Inflow Rises to $27.6bn in H1 2024, Says CBN
By Abigail Philip DavidNigeria's net foreign exchange inflow surged by 67.8% to $27.6 billion in the first half of 2024, up from $16.44...
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