Nigeria: Balance of Payments Surplus 2024 Reflects Strong Trade Performance
The Central Bank of Nigeria (CBN) report (yet to be sighted) highlights a substantial surplus in the country’s current and capital accounts, totaling $17.22 billion...
Tag : #NigeriaEconomy
U.S. Imposes 14% Tariff on Nigerian Exports in Major Trade Shift
By DAYO ADESULU The United States, U.S. under President Donald Trump, has announced a 14% tariff on exports from Nigeria, marking a significant shift in...
Dangote Refinery Restarts Petrol Loading for Oil Marketers
By DAYO ADESULU Dangote Refinery has resumed loading Premium Motor Spirit (PMS), commonly known as petrol, onto trucks for distribution to oil marketers. This follows...
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Lawmakers Reject VAT Increase to 15% in New Tax Reform Bills
House of Reps Maintains VAT at 7.5%, Rejects Proposed Increase to 15% by 2030 The Nigerian House of Representatives has voted to retain the Value...
Pension Funds Investment in Infrastructure Surges by 54.1% in 2024
Increased Pension Funds Investment in Infrastructure Boosts Economic Development Pension Funds’ investment in infrastructure in Nigeria has seen a significant increase, growing by 54.1% year-on-year...
Petrol Price Reduction in Nigeria to Continue Until June 2025, Says Bismarck Rewane
By DAYO ADESULU The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the ongoing petrol price reduction in Nigeria will persist...
Dangote Refinery Cuts Petrol Price Again, Reducing PMS Cost to N825 Per Litre
By DAYO ADESULU Dangote Petroleum Refinery & Petrochemicals has once again reduced the price of Premium Motor Spirit (PMS), commonly known as petrol, cutting N65...
Business Advocacy Group Urges CBN to Ease Monetary Tightening
By DAYO ADESULU The Centre for the Promotion of Private Enterprise (CPPE) has praised the Monetary Policy Committee (MPC) of the Central Bank of Nigeria...
Nigeria’s Tax System is Unconducive for Growth – Taiwo Oyedele
By DAYO ADESULU Tax Reforms Critical to Economic Expansion, Says Presidential Committee Chairman Lagos, Nigeria—February 14 : The Chairman of the Presidential Committee on Fiscal...
Dangote Group Invests $700M to End Sugar Importation, Expands Exports
By DAYO ADESULU Dangote Commits to Local Sugar Production with $700M Investment The President of Dangote Group, Aliko Dangote, has reaffirmed the company’s commitment to...