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Economy
332 posts
Nigeria Customs Service Rejects Claims of Smuggling and Administrative Misconduct
The Nigeria Customs Service has officially denied allegations of systemic smuggling, revenue loss, and hiring irregularities, maintaining that their operations remain transparent and data-driven.
Office of the Tax Ombud to Introduce Taxpayer Bill of Rights
The Nigerian Office of the Tax Ombud plans to release a Taxpayer’s Bill of Rights to boost transparency, resolve disputes, and simplify tax administration, while also expanding digital services and regional reach.
Nigerian Government Launches Six-Month Cooperative Revalidation and Digital Identity Platform
The Nigerian government has partnered with the Cooperative Federation of Nigeria and Seamfix Limited to digitize the cooperative sector, requiring all societies to undergo a six-month revalidation process to obtain new digital identities.
Water bills to climb as firms gain approval for extra investment
Regulators have granted water companies preliminary approval to raise bills by £3.4bn to fund environmental upgrades and meet rising infrastructure demand, drawing criticism from consumer and environmental advocates.
New zero-hours contract regulations could burden businesses with £2.9bn in annual costs
Government analysis reveals that new rules regarding zero-hours contracts could cost employers nearly £3 billion annually, sparking criticism from business groups.
UK Economic Growth Decelerates Amidst Political Turmoil and Middle East Conflict
British economic growth moderated to 0.4 percent in the second quarter as the country navigates leadership changes and global energy price surges caused by the US-Iran war.
UK economic growth slows during second quarter amid warnings of future obstacles
UK economic expansion reached 0.4% in the second quarter, though analysts caution that political uncertainty and regional conflicts may hinder future performance.
Daily Petrol Usage Drops by 600,000 Litres
Nigeria's daily petrol consumption fell to 47.4 million litres in June 2026, marking a 600,000-litre daily decrease compared to the previous year as market deregulation continues to influence demand.
PENGASSAN Stresses Link Between Poverty and National Insecurity
PENGASSAN warns that Nigeria's insecurity crisis cannot be resolved unless the government takes urgent action to reduce poverty and revitalize local governance.
ITUC-Africa Demands Green Transition Prioritize Employment and Worker Protection
African trade unions gather in Nairobi to advocate for a just green transition that prioritizes industrialization, decent wages, and local control over resources.