NUPENG suspends strike
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has suspended its nationwide strike that began after a dispute with the Dangote Group. Earlier this week, the union declared an industrial action to protest the company’s refusal to allow its employees to become members of NUPENG. The strike was called off after both sides […]
Naira rises to N1,530/$ in Parallel market
The naira has risen to N1,530 per dollar in the parallel market, improving from last week’s rate of N1,535 per dollar. However, in the Nigerian Foreign Exchange Market, it dropped slightly, trading at N1,513 per dollar compared to N1,511.5 last week, showing a small decline of N1.5. Data from the Central Bank of Nigeria confirmed […]
5% fuel surcharge was introduced in 2007 and not by Tinubu’s government — Chairman of tax reform committee Taiwo Oyedele
Taiwo Oyedele, head of Nigeria’s Presidential Committee on Fiscal Policy and Tax Reforms, has said that the 5% fuel surcharge was not introduced by President Bola Tinubu’s government. The levy has actually been in place since 2007. He explained on Channels Television that the law was not enforced earlier because the government was still subsidising […]
Tinubu’s government may soon start borrowing from Opay and Moniepoint very soon – Dino Melaye
Former senator Dino Melaye has criticized President Bola Tinubu’s administration, saying that at the current borrowing pace, the government might soon seek loans from Nigerian fintech firms like Opay and Moniepoint. In an interview on ARISE Television, Melaye accused the Tinubu government of making hunger and poverty worse, despite taking billions of dollars in foreign […]
House of Reps Speaker, Tajudeen Abbas, raises alarm as Nigeria’s debt hits N149 trn
Nigeria’s public debt has reached a worrying level, surpassing the legal limit and raising serious concerns about the country’s financial stability. House Speaker Tajudeen Abbas has warned that urgent action is needed to address the growing debt and ensure it is managed responsibly. Speaking at the opening of the 11th Annual Conference and General Assembly […]
Enugu govt accuses Sujimoto CEO of defrauding state of N5.7 billion over smart schools project
The Enugu State Government has accused real estate businessman Olasijibomi Ogundele, popularly known as Sujimoto, of taking N5.7 billion meant for building 22 Smart Green Schools in the state and failing to deliver the project. Earlier, on August 5, the Economic and Financial Crimes Commission (EFCC) declared Sujimoto wanted over allegations of money laundering and […]
Fuel tax not starting in January 2026 but on a later date – Tax Reform Chairman, Taiwo Oyedele
The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has said that the proposed N500 tax on every N10,000 worth of fuel will not begin in January 2026 as many people believe. He explained that the actual start date will be announced later by the Minister of Finance. Many Nigerians have already condemned the […]
All taxable Nigerians must obtain Tax ID from January 2026
The Federal Government has announced that starting January 1, 2026, all taxable Nigerians must obtain a Taxpayer Identification Number (Tax ID). This rule also applies to anyone involved in banking, insurance, stock trading, and other financial services. The directive comes under the newly signed Nigeria Tax Administration Act, 2025. President Bola Tinubu signed the law […]
Nigeria’s economy is now stable – President Tinubu
President Bola Tinubu has said that Nigeria’s economy is now stable thanks to his administration’s bold reforms. He stated that these actions have helped the country gain respect globally. He made the remarks at the State House while receiving His Imperial Majesty, Oba Ghandi Afolabi Oladunni Olaoye, Orumogege III, the Soun of Ogbomosoland, along with […]
Lagos is no man’s land, It is the hub of Nigeria – Presidential aide, Daniel Bwala
Daniel Bwala, Special Adviser to President Bola Tinubu on Policy Communication, has explained why so many federal projects are focused on Lagos State. He described Lagos as a “no-man’s land” and the economic pride of Nigeria. Speaking on Arise News on September 3, Bwala said the N3.9 trillion allocated to Lagos in federal projects over […]