FG Begins N50 Levy Deduction on Transactions Over N10,000 via Fintech Platforms
The Federal Government of Nigeria has commenced the deduction of a N50 levy on electronic money transfers of ₦10,000...
NigeriaEconomy
Kanayo O Kanayo Defends Davido’s Remarks on Nigeria’s Economy, Urges Critics to Focus on Progress
Veteran Nollywood actor Kanayo O Kanayo has weighed in on the ongoing backlash against singer Davido over his comments...
Davido Faces Backlash, Alleges Threats to Cancel December Lagos Concert Over Economy Remarks
Nigerian music star Davido has revealed that his Lagos concert slated for December might be under threat following his...
NNPCL Announces New Port Harcourt Refinery to Begin Operations by Mid-2025
The Nigerian National Petroleum Company Limited (NNPCL) has revealed that the new 150,000 barrels per day Port Harcourt Refining...
BREAKING: CBN Increases Nigeria’s Interest Rate to 27.50% Amid Rising Inflation
The Central Bank of Nigeria (CBN) has raised the country’s Monetary Policy Rate (MPR) by 25 basis points, moving...
Port Harcourt Refinery Begins Operations, Set to Load 200 Trucks of Petroleum Products Daily
The Port Harcourt Refinery has officially commenced operations, a development hailed as a significant step toward addressing Nigeria’s energy...
Joe Igbokwe Criticizes Davido Over ‘Economy in Shambles’ Comment, Demands Retraction
APC chieftain Joe Igbokwe has called out Nigerian music star Davido for his recent remarks about the state of...
Tinubu Seeks N1.77tn External Loan to Address 2024 Budget Deficit Amid Rising Debt Servicing Costs
President Bola Tinubu has formally requested the National Assembly’s approval for a new external borrowing plan amounting to N1.767...
I Can’t Celebrate My Birthday Amid Hardship” – Governor Bassey Otu Laments on 65th Birthday
I Can’t Celebrate My Birthday Amid Hardship” – Governor Bassey Otu Laments on 65th Birthday Governor Bassey Otu of...
World Bank Predicts Prolonged High Interest Rates in Nigeria Amidst Inflation Surge and Naira Depreciation
Nigeria’s persistently high inflation and weakened currency will likely result in prolonged high interest rates, according to the World...
Imo Set to Implement ₦70,000 Minimum Wage as Gov. Uzodimma Reassures Workers Amid Economic Hardship
Governor Hope Uzodimma of Imo State has reaffirmed his administration’s commitment to swiftly implementing the new national minimum wage...
FG Could Spend ₦236bn Monthly on Dangote and Imported Fuel Subsidy
The Federal Government may spend approximately N236 billion monthly to subsidise the Premium Motor Spirit (PMS), commonly known as...
Marketers Optimistic About Cheaper Petrol Prices as IPMAN Eyes Dedicated Tank Farms
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has revealed plans to secure a dedicated tank farm to streamline...
Eniola Badmus Praises Tinubu for Shifting Nigeria’s Economy from Consumption to Production
Nollywood actress Eniola Badmus has commended President Bola Ahmed Tinubu for what she describes as a significant shift in...
NNPCL Hikes Fuel Price to N855 Per Litre Amid $6 Billion Debt Crisis
Nigerians are bracing for tougher times as the Nigerian National Petroleum Corporation Limited (NNPCL) has raised the pump price...
Nigerian Government Targets $100 Billion Annual Investment to Address Economic Crisis — Bagudu
The Nigerian government has set an ambitious goal to attract $100 billion in annual investments as part of its...