SEREC warns U.S.-Iran conflict could push inflation in Nigeria up by 5%
The Sea and Empowerment Research Centre (SEREC) says inflation could rise by three to five per cent in Nigeria amid ongoing conflict between the United States and Iran. SEREC`s head of research, Eugene Nweke made this known in a statement on Monday in Abuja. Mr Nweke said the situation presents significant geopolitical and economic risks […]
Dangote Refinery Raises Petrol Ex-Depot Price to ₦875 Per Litre Amid Crude Oil Surge
The Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry price by ₦101, raising the ex-depot rate from ₦774 to ₦875 per litre, sparking fresh concerns over a potential nationwide hike in pump prices. A senior official of the refinery confirmed the development on Monday, attributing the adjustment to recent volatility in […]
APPLY NOW! Federal Government Launched ICSS Grow Fund for youths
The Federal Government has launched the Grow Fund to provide affordable financing to over six thousand young entrepreneurs trained under the Inspire Create Start and Scale programme. This is a strategic move to close the persistent funding gap facing micro, small and medium enterprises in Nigeria. The initiative is being implemented by Small and Medium […]
“I Wish I Were Governor Under Tinubu” — Akpabio Sparks Debate Over Federal Allocations
Senate President Godswill Akpabio has addressed the increase in allocations being received by state governors under the administration of Bola Ahmed Tinubu. According to Akpabio, current governors now get roughly four times the funds that were available during his tenure as governor. FAAC Allocation: Tinubu Urges Governors To Deliver Results Speaking during plenary on Thursday, the […]
NRS unveils 2026 revenue roadmap, targets N40.7tn
The Executive Chairman of the National Revenue Service, Zacch Adedeji, has said the agency is targeting N40.7tn in revenue for 2026 from taxes, petroleum earnings, mineral royalties and other sources, citing the impact of the Federal Government’s ongoing tax reforms. Adedeji disclosed this on Wednesday when members of the President’s economic team, including the […]
Naira Strengthens on Forex Inflows, Set to Rise Further – Reuters
According to a report from Reuters, Nigeria’s currency, the naira, is anticipated to gain further strength against the dollar in the upcoming week. In contrast, the currencies of Kenya, Ghana, Uganda, and Zambia are expected to remain relatively stable, according to traders. The naira’s recent appreciation is attributed to robust foreign exchange inflows and the […]
Why Petrol Could Hit N1,000/Litre — Dangote Refinery Explains
Dangote Petroleum Refinery has warned that Nigeria’s continued reliance on coastal delivery of petroleum products could drive petrol prices close to N1,000 per litre, urging marketers to embrace gantry loading as a more efficient and cost-saving alternative. In a statement on Thursday, the refinery said gantry evacuation remains the most reliable method for maintaining price […]
NEW TAX LAWS: Know Your Tax Offence And Penalties (Tax Defaulters)
NEW TAX LAWS: Know Your Tax Offence And Penalties (Tax Defaulters) The tax environment in different countries including Nigeria is so dynamic, subject to frequent legislative and regulatory amendments. As such, it requires timely compliance both in terms of filing and remittance to the relevant tax authorities. Compliance such as deduction, filing and remittance for […]
Every Individual Must File Tax Returns By March 31 – Oyedele
Every Individual Must File Tax Returns By March 31 – Oyedele Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has urged Nigerians to file their annual tax returns. He stressed that both employers and individuals must comply under the law. He made this known during a webinar organised for HR […]
Petrol May Hit ₦1,000/Litre as Crude Oil Surges Above $70, Marketers Warn
The pump price of Premium Motor Spirit (petrol) could rise to as high as ₦1,000 per litre in the coming days following a sharp increase in global crude oil prices, fuel marketers have warned. Industry players told The PUNCH that the sudden surge in international crude prices—now trading above $70 per barrel—could trigger another round […]