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Business & Economy
Nigeria’s fuel, electricity subsidies costly, should be phased out completely–IMF
Maureen Aguta
The Executive Board of the International Monetary Fund (IMF) concluded the Post Financing Assessment and concluded that Nigeria’s capacity to repay the Fund is adequate. It however said that fuel and…
Tinubu’s Ministers condemn subsidy removal, floating of Naira
Maureen Aguta
As the International Monetary Fund (IMF) urges Nigeria to completely remove the subsidy on fuel and electricity, two Ministers in the Federal Executive Council expressed concern over the deleterious…
Enugu Govt seals coal mining site in Iwollo over breach of agreement
Joseph Irikefe
Enugu State Government has sealed a coal mining site at Iwollo in Ezeagu Local Government Area of the State.
The site, belonging to Afrimetals Coal Mining firm, was sealed for not keeping to the…
MD, NLNG visits Executive Chairman of FIRS
Paul Ogbuokiri
The Managing Director of Nigeria Liquefied Natural Gas (NLNG), Mr. Philip Mshelbila, Wednesday paid a courtesy visit to the Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji…
FG set to disburse N200bn to Nano business owners
Maureen Aguta
Determined to turn around the economic fortunes of Nigeria, the Federal Government has set up three funds amounting to N200 billion.
The funds are to provide support for micro, small, and…
Hardship: NLC, TUC issue 14-day nationwide strike notice to Tinubu government
Joseph Irikefe
The organized labour comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) on Thursday gave the Federal Government an ultimatum of a nationwide strike that would take…
Rising Inflation can threaten Nigeria stability, peace if, says Northern Elders Forum
Maureen Aguta
The Northern Elders Forum (NEF) has expressed deep concerns about the unchecked rise in inflation in Nigeria, which is posing a significant threat to the well-being of its citizens. The cost of living has…
Buhari wasted N23trn, Tinubu printed N7.8trn in 7 months, yet still borrows — Expert
Maureen Aguta
Former President Muhammadu Buhari has been accused of wasting the N23 trillion Ways & Means printed under his tenure without any tangible development to show while President Bola Tinubu has, in seven…
FIRS set to tax social media influencers, content creators
Maureen Aguta
The Federal Inland Revenue Service (FIRS) said they’ll enforce tax payment for social media content creators and influencers, alleging that social media content creators and influencers constituted a major…
Falana sues CBN for alleged dollarisation of Nigerian economy
Maureen Aguta
A Senior Advocate of Nigeria, Femi Falana, has sued the Central Bank of Nigeria (CBN) for the “dollarisation of the Nigerian economy.”
Falana, in the suit marked FHC/L/CS/476/23, filed at the Federal High…