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Economy
335 posts
South-East Business Owners Struggle Under Economic Pressure and Rising Expenses
Traders across South-East Nigeria report falling sales and high operating costs, urging the government to provide financial relief and address infrastructure and tax challenges.
Federal Government and Bank of Agriculture Collaborate to Empower 80 Million Vulnerable Citizens
The Nigerian government and the Bank of Agriculture have signed an agreement to assist 80 million vulnerable people through targeted agricultural financing and economic empowerment programs.
Minister Tegbe Pushes for Immediate Action on Nigeria-China Aquatic Trade Agreement
Minister of Power Joseph Tegbe is calling for the immediate adoption of the new Nigeria-China Aquatic Products Protocol to boost local exports and strengthen economic ties through zero-tariff market access.
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.