The Executive Chairman of the Lagos Internal Revenue Service (LIRS), Ayodele Subair, has announced plans to streamline about fifty taxes down to single digits, aiming […]
Category: Economy
Economy
Oil Production Plummets: Nigeria Struggles to Meet Quotas Amidst Executive Orders for Industry Overhaul
Nigeria’s crude oil production experienced a 7.94% decline month-on-month, dropping to 1.322 million barrels per day (bpd) in February 2024 from 1.427 million bpd in […]
Government Orders Revocation of Underperforming DISCOs’ Licenses Amid Power Crisis
President Bola Ahmed Tinubu’s administration has instructed the Nigerian Electricity Regulatory Commission (NERC) to revoke licenses of underperforming electricity distribution companies (DISCOs). This directive was […]
House of Representatives Orders Banks to Swiftly Reverse Customers’ Funds
The House of Representatives has mandated banks in Nigeria to promptly reverse customers’ funds, regardless of whether complaints are lodged. They emphasized the need for […]
Drama Unfolds in Senate Over Alleged Budget Padding
Tension arose in the Senate chambers as Senator Olamileken Adeola (Ogun West) confronted the assembly, demanding transparency in budget proceedings. His outburst followed accusations by […]
Presidency Reveals CBN Funds Authorized Without Buhari’s Knowledge
The Presidency has clarified that several funds released within the Central Bank of Nigeria (CBN) during the tenure of former governor Godwin Emefiele, which have […]
Revolutionizing Agriculture: Ogun State Commissioner Advocates Digital Farming
Ogun State’s Commissioner for Agriculture and Food Security, Bolu Owotomo, has highlighted the importance of deploying digital agriculture to enhance production and meet global demands. […]
CBN Contract Scandal: Ex-Governor Emefiele Under Fire for Alleged Corruption Scheme
A witness from the Economic and Financial Crimes Commission (EFCC), Agboro Omowera, testified in a Federal Capital Territory High Court in Maitama, revealing that 10 […]
Tinubu’s Bold Reforms Lauded by Buhari Amid Economic Challenges
Former Nigerian President Muhammadu Buhari has praised President Bola Ahmed Tinubu for his performance under challenging circumstances. Speaking during a meeting with the comptroller-general and […]
Tinubu Orders Customs to Return Confiscated Food Items Amidst Food Emergency
President Bola Tinubu has directed the Nigeria Customs Service (NCS) to return confiscated food items at border communities to their owners, with the condition that […]