Business

Nigeria’s headline inflation rate declined to 33.40 per cent in July, the National Bureau of Statistics (NBS) has reported. The figure is 0.8 per cent points lower than 34.19 per cent recorded in June.…

The Nigeria Customs Service has said that the federal government may forfeit N188.37bn worth of revenue due to the duty waiver granted for staple foods importation in six months. Adewale Adeniyi, Comptroller-General of Customs,…

The Dangote Group has reacted to reports that independent marketers were projecting N600 per litre as price for the petrol produced by the Dangote Refinery. The Dangote Group said in a statement signed by Anthony…

In a move aimed at enhancing the efficiency and sustainability of Nigeria's energy sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is set to amend the domestic crude supply regulations 2023. The commission…

Chibuzo Ihegboro The Senate has raised questions over $1.5 billion approved in 2021 for the turn-around maintenance of the Port Harcourt Refinery with little or no result. Hence, the upper chamber…

 ...Reveals how FG will fund N70000 minimum wage The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the country spends $600 million each month on fuel importation. Edun, who spoke…

The Federal Government announced on Tuesday that it will begin implementing guidelines for the suspension of customs duty and taxes on imported food items next week. In July the Federal Government approved a 150-day…

The Central Bank of Nigeria (CBN) has approved the proposed merger of Unity Bank Plc and Providus Bank Limited. The apex bank, announced the approval on Tuesday. In a statement by its acting Director of…

The ad-hoc Joint Committee of the House of Representatives on Downstream and Midstream Committee probing activities of the Nigeria National Petroleum Company Ltd.(NNPCL), and the Nigeria Midstream and Downstream…

The Federal Ministry of Agriculture and Food Security has stated that the suspension of import duties on certain food items into the country will remain in effect only until the next harvest, expected around October or November…