Economy

IFC’s $50 Million Investment in Lagos Free Zone Accelerates Nigeria’s Industrial Growth and Economic Diversification

The International Finance Corporation (IFC) has announced a $50 million equity investment in the Lagos Free Zone Company (LFZ) to accelerate Nigeria's industrial expansion...

WAPCo Initiates 28-Day Pipeline Maintenance, Halts Nigerian Gas Supply to Benin, Togo, and Ghana

The West African Gas Pipeline Company Limited (WAPCo), the operator of the West African Gas Pipeline (WAGP), has commenced a comprehensive 28-day maintenance operation...

BREAKING: Dangote Refinery Cuts Petrol Price to ₦890/Liter Amid Global Oil Market Shifts

In a strategic move poised to influence Nigeria's energy landscape, Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor...

Nigeria’s VAT Revenue Explodes: Soaring 84.62% to N6.72 Trillion in 2024 – Boosting Economy & Public Finances

Nigeria's Value Added Tax (VAT) revenue has witnessed a dramatic surge in 2024, reaching a remarkable N6.72 trillion, according to recent reports. This represents...

Nigeria’s FIRS Surpasses 2024 Revenue Target, Sets Ambitious N25 Trillion Goal for 2025

In a remarkable demonstration of fiscal efficiency and strategic planning, Nigeria's Federal Inland Revenue Service (FIRS) has announced a record-breaking revenue collection of N21.6...

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