A tax expert, Aderonke Atoyebi, has debunked the widespread misconception regarding the newly introduced Tax Identification, describing the rumours as dangerous.
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Highlights from Nigeria’s Q4 trade data as exports rise above imports
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CBN crashes dollar with $29 million intervention in FX market
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Lab-grown diamonds robbing southern Africa of riches
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Naira gains N37, experts warn dollar hoarders of big losses
Economy Latest News
"Let the poor breathe": Kwara leads list of 5 most expensive states to buy food in Nigeria
National Bureau of Statistics has provided insight into Nigeria's economic woes in its latest inflation report, with five states recording the highest rates.
"It is for the best" NNPC speaks on fuel price increase to N617 per litre, Lagosians pay less
Nigerian National Petroleum Company Limited has provided an explanation for fuel price increase, as motorists in Lagos pay less compared to residents in Abuja
Fuel is now N617 per litre as NNPC increases pump prices, marketers give 3 reasons
The Nigerian National Petroleum Company Limited has decided to increase the pump price for petrol as Independent Marketers Association of Nigeria explains.
CBN explains as currency in circulation in Nigeria hits N64.3 Trillion in one month
The Central Bank of Nigeria has stated that money in circulation spiked from N55.5 trillion in May to N64.3 trillion in June, a major driver for inflation.
Inflation: High cost of feed threatens 25 million jobs in Nigeria's poultry industry
The Poultry Association of Nigeria said its members are shutting down operations as they can no longer bear the increasing cost of maise, a major feed for birds
Nigeria, other African countries hit hard as Russia terminates Ukraine grain export, gives tough conditions
Russia has terminated Ukraine's grain export deal known as Black Sea Initiative brokered by the United Nations and Turkey, allowing Ukraine to export grain.
NERC considers tariff hike as Nigeria's electricity subsidy gulps N2.8tn in 8 years
The Nigerian Electricity Regulatory Commission has revealed that government spending on electricity subsidy has risen to N2.8 trillion between 2015 and 2022
Bread supply threatened as rising flour costs fuel conflict between bakers and millers
Controversy has erupted as bread makers have disagreed with the claim by flour millers that the price of flour has not been increased in the last one year.
Naira loses more buying power as Nigeria's inflation rate surges to 22.7%, now 11th worst in Africa
Nigeria's inflation has risen to 22.79% and is now the 11th worst in Africa, which signals more Nigerian households are pushed into poverty as naira loses value
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