Why VAT proposal is generating controversy – Oyedele, Tax Committee Chair
Taiwo Oyedele, Chairman Presidential Fiscal Policy and Tax Reforms Committee, has explained why the Value Added Tax, VAT, distribution proposal […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
African Business News
China’s import from Nigeria reaches N25.7 trillion by September
China’s imports from Nigeria increased by 36.1 percent year-on-year, reaching an all-time high of $15.1 billion (about N25.7 trillion) between
African Business News
Petrol price: Port Harcourt refinery dead on arrival — Economist Emmanuel
A popular Nigerian economist, Kelvin Emmanuel, has said that the Port Harcourt refinery is dead on arrival and cannot be
African Business News
Fuel price: Dangote refinery still buys crude in dollars – Economist Emmanuel
A renowned economist, Kelvin Emmanuel, has said the Nigerian government has not effectively implemented a Naira-for-crude deal with Dangote Refinery.
African Business News
Export processing terminal to link with domestic export warehouse – NPA
The Export Processing Terminal (EPTs) is to be linked with the Domestic Export Warehouse (DEW), the Nigerian Ports Authority (NPA),
African Business News
NDIC begins sale of Heritage Bank assets
The Nigeria Deposit Insurance Corporation, NDIC, has commenced a national auction of landed properties and physical assets belonging to the
African Business News
NLC accuses Dangote, oil marketers of inflating Petrol Price in Nigeria
The Nigeria Labour Congress has accused Dangote Group and oil marketers of ganging up to rip Nigerians off in the
African Business News
Petrol landing cost drops in Nigeria
Nigeria’s landing cost of Premium Motor Spirit (Petrol) dropped to N971 per litre in November 2024. This is according to
African Business News
National grid: TCN attributes blackout in Lokoja to vandalisation
The Transmission Company of Nigeria has revealed that the vandalisation of Lokoja-Gwagwalada 330 kilovolt transmission line 1 is the reason
Naira appreciates against dollar as FX supply rises
The naira appreciated against the dollar at the official foreign exchange amid a rise in FX supply. FMDQ data showed
Tax reform bills not South vs North issue – FIRS
The Coordinating Director of Compliance and Enforcement Group of the Federal Inland Revenue Service, FIRS, Mathew Gbonjubola, has urged Nigerians
US election: Dollar surges, Bitcoin hits record high as Trump declares victory
The dollar on Wednesday set for its biggest one-day rise since March 2020 against major peers. Bitcoin also jumped to