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Economy
184 posts
Anambra Launches Tax Amnesty Program for Asset and Income Disclosure
Anambra State has introduced a tax amnesty scheme allowing individuals and businesses to declare undeclared income and assets without facing full penalties until September 5, 2026.
Anambra Cooperative Federation Urges Creation of Development Fund
COFAS is advocating for a state-backed Cooperative Development Fund and a new three-year strategic plan to modernize operations, increase financial access, and overcome governance challenges for Anambra's cooperative societies.
IMF Warns Increasing Costs Will Worsen Poverty Levels in Nigeria
The IMF reports that rising costs for essential goods will continue to drive poverty in Nigeria, even as the nation maintains steady economic growth forecasts.
Dangote Refinery Lowers Petrol Ex-Depot Price by N175
Dangote Refinery has dropped its ex-depot petrol price by N175 per litre, marking the fourth reduction in three weeks as global crude prices tick upward.
Ogun State tax authorities target non-compliant car dealerships
OGIRS is conducting an enforcement operation in Abeokuta to collect unpaid taxes from car dealerships and ensure strict adherence to state registration laws.
Ekiti Business Owners Call for State Action Against Soaring Product Prices
Traders at Bisi Market in Ado-Ekiti are calling on the government to provide financial relief and support as rising transportation and living costs continue to hurt business turnover.
Nigeria Customs and Afreximbank strengthen collaboration to enhance continental trade
The Nigeria Customs Service and Afreximbank have pledged to strengthen their cooperation to facilitate smoother cross-border trade and support the African Continental Free Trade Area.
Federal Government rejects accusations of N8 trillion in off-budget spending
Minister of Finance Taiwo Oyedele has denied reports that the government spent N8 trillion outside of authorized budgetary channels, calling the claims a misunderstanding of IMF findings.
Shortages and inflated costs drive preference for stockfish heads in Lagos markets
Rising market prices and supply constraints have led Lagos shoppers to prioritize stockfish heads over traditional cuts, citing both cost-efficiency and superior flavor in local soups.
Nigeria sees decline in cooking gas costs
Cooking gas prices across Nigeria have begun to stabilize and drop as supply constraints ease in the nation's capital.