Latest Economy News
LCCI to FG: N1,400 FX rate projection in proposed 2025 budget unrealistic
The Lagos Chamber of Commerce and Industry (LCCI) says the N1,400…
Nigeria’s inflation rate rises to 33.88% in October
Nigeria’s headline inflation rate rose to 33.88% in October 2024, up from…
FEC approves $2.2bn borrowing plan to support economic reforms
The federal executive council (FEC) has approved a $2.2 billion external…
Tax reform bills: Nigerians earning minimum wage to be exempted from PAYE
Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo…
Presidency directs N5.4 trillion subsidy savings toward nationwide development initiatives
The Nigerian Presidency announced that an estimated N5.4 trillion in savings…
Tinubu says tax reform bills won’t be withdrawn but NASS can make changes
President Bola Tinubu says the tax reform bills will not be…
We stand by our advice to Nigerian government on subsidy removal, says IMF
The International Monetary Fund (IMF) says its advice on foreign exchange…
Taiwo Oyedele reacts to Northern Governors’ opposition to derivation model of VAT distribution
The Chairman of the Presidential Committee on Fiscal Policy and Tax…
NNPCL hikes petrol price to N1,060/litre
Barely three weeks after raising the price of Premium Motor Spirit,…
World Bank faults NNPC’s revenue reports, as FG seeks fresh $750m loan
The World Bank has faulted reports submitted by the Nigerian National…
