Browsing Category
Economy
335 posts
Energy Expert Explains Why Petrol Prices Remain High Despite Falling Crude Costs
Petroleum economics expert Prof. Wumi Iledare clarifies that fuel prices do not instantly fall with crude oil due to inventory costs, exchange rate volatility, and market-driven pricing structures.
Nigerian Government Denies Intent to Hike Taxes
Minister Taiwo Oyedele confirms that the Nigerian government aims to expand the tax base rather than increase tax rates, emphasizing the need for better compliance.
Nigeria Aims for Perfect EITI Validation Rating by 2026
Nigeria's NEITI leadership is working toward achieving a perfect 100 percent score in the 2026 EITI validation to boost investor confidence and ensure transparency.
Taiwo Oyedele: Proper Tax Framework Is Key to Nigeria’s Major Progress
Finance Minister Taiwo Oyedele asserts that Nigeria can reach significant developmental milestones by reforming its tax system to focus on equity and base expansion rather than tax hikes.
Tax System Reforms Are Essential for Nigeria’s Prosperity, Says Taiwo Oyedele
Finance Minister Taiwo Oyedele asserts that stabilizing Nigeria’s tax system is vital for growth, focusing on expanding the tax base rather than increasing rates.
Missing presidential authorization stalls N36bn payout for former Nigeria Airways staff
Former Nigeria Airways workers remain unpaid as government officials struggle to locate the presidential approval needed to release their N36 billion entitlement.
Federal Government Announces Future Reassessment of N70,000 Minimum Wage
Chief of Staff Femi Gbajabiamila has announced that the federal government plans to review the N70,000 minimum wage, citing the need for compensation to match rising living costs.
Taiwo Oyedele: Nigeria’s Path to Growth Depends on Optimized Tax System
Presidential tax reform lead Taiwo Oyedele and CITN officials discuss how public education and fairness in administration are critical to unlocking Nigeria's development potential through tax reform.
Government implements temporary VAT reduction on family activities and children’s meals
A temporary VAT reduction on family attractions and children's meals launches this week, though experts and businesses question its overall effectiveness and implementation costs.
Experts urge local investment to replace $2.1 billion ceramic imports
Industry stakeholders at the NCISPE 2026 summit are calling for increased local production to offset a projected $2.1 billion in ceramic imports, criticizing the absence of key government agencies at the event.