With inflation eroding purchasing power in the country, households and firms are increasingly turning to second-hand markets in the country for their shopping needs. From clothing, cars, electronics to furniture…
Category: BUSINESS
Stakeholders Urge FG to Secure Telecoms Infrastructure
Key stakeholders in the telecommunications sector have urged the federal government to take over the security of telecommunications infrastructure, which had now been designated as Critical National Infrastructure (CNI). The…
Cooking gas price rises by 114% in 16 months
The price of Liquefied Petroleum Gas (cooking gas) has skyrocketed from N700/kg in June 2023 around when President Bola Tinubu assumed office to N1,500/kg in October 2024, The PUNCH reports.…
World Bank to FG: Conduct Audit to Reconcile What NNPC Owes Federation
The World Bank yesterday urged the federal government to carry out an audit to reconcile what the Nigerian National Petroleum Company Limited (NNPC) is owing the Federation as part of…
FG orders Discos to replace phased-out meters
The Federal Government has declared that electricity distribution companies must replace any meter phased out due to a meter upgrade. It declared this through the Nigerian Electricity Regulatory Commission and…
FIRS: govt not introducing new taxes
Chairman of the Federal Inland Revenue Service (FIRS), Zack Adedeji said yesterday that the tax reform bills recently presented to the National Assembly is not aimed at increasing tax or…
CBN verifying disputed $2.4bn FX claims – Cardoso
The Central Bank of Nigeria has commenced a re-validation exercise to ascertain complaints of manufacturers and importers over foreign exchange claims worth $2.4bn. The CBN Governor, Olayemi Cardoso, disclosed this…
Nigeria’s Foreign Debt May Hit $50bn
Nigeria’s external debt stock is expected to hit $50 billion as the Debt Management Office (DMO) prepares to release the latest public debt data– third quarter (Q3) 2024. As of…
Cooking gas price jumps to N1,500/kg
As Nigerians struggle with the high cost of petrol, the price of Liquefied Petroleum Gas, also known as cooking gas, has also increased to N1,500/kg. But the Managing Director/Chief Executive…
Manufacturers seek tax relief amid declining sales
The Manufacturers Association of Nigeria Manufacturers has urged the government to give manufacturers tax relief to enable them to cope with the drop in sales. The Director General of MAN,…
