Economy

Governors Back Tinubu’s Tax Reform, Propose New VAT Sharing Formula

In a significant move towards overhauling Nigeria's tax system, the Nigeria Governors’ Forum (NGF) has expressed strong support for President Bola Tinubu's tax reform...

Petrol Prices Surge in Nigeria as Depot Owners Raise Ex-Depot Rate to ₦950/Litre: What It Means for Consumers

Recent developments indicate that depot owners in Nigeria have increased the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, to approximately...

Oil Prices Surge to Four-Month High, Offering Fiscal Relief Amid Global Market Shifts

In early January 2025, global oil prices have experienced a significant surge, reaching levels not seen in four months. This upward trend is largely...

President Tinubu’s Participation in Abu Dhabi Sustainability Week 2025: A Commitment to Sustainable Development

President Bola Ahmed Tinubu of Nigeria arrived in Abu Dhabi on January 13, 2025, to participate in the Abu Dhabi Sustainability Week (ADSW), a...

Lagos Assembly Speaker Mudashiru Obasa Impeached Amidst Multibillion-Naira Fraud Allegations

In a significant political upheaval, the Lagos State House of Assembly has impeached its Speaker, Mudashiru Obasa, following serious allegations of financial misconduct involving...

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