FG Defends January 2026 Implementation of New Tax Laws Amid Controversy
The Federal Government has reaffirmed its resolve to roll out the newly approved tax reforms as scheduled, despite growing criticism and calls for a delay from some political leaders and stakeholders. Bayo Onanuga, Special Adviser to President Bola Tinubu on Information and Strategy, defended the decision, insisting that the Tax Act should take effect on […]
Dangote Criticises Nigeria’s Oil Sector, Says Refineries Unsellable
Africa’s wealthiest individual and Chairman of the Dangote Group, Aliko Dangote, has expressed strong doubts about the viability of Nigeria’s refining sector, stating that the country’s current business climate is discouraging enough to scare off any serious investor. Speaking at a media briefing in Lagos on Sunday, Dangote argued that Nigeria’s downstream oil industry is […]
Petrol Price Drop Was Our Decision, Not Govt Tariff Move — Dangote Refinery
Dangote Petroleum Refinery has firmly denied reports suggesting that the recent drop in petrol prices was triggered by the Federal Government’s suspension of a 15% import tariff on fuel. The company insisted that the reduction resulted solely from its own internal review of Premium Motor Spirit (PMS) pricing. In a statement released on Monday, the […]
NBS Report: Nigeria Records Sharp Inflation Drop to 16.05% in October 2025
Nigeria’s battle against stubborn price pressures showed a major breakthrough in October 2025, as new data from the National Bureau of Statistics (NBS) revealed that headline inflation dropped to 16.05%, down from 18.02% in September. The announcement, made on Monday, marks the country’s lowest inflation reading since 2017, signalling a potential turning point for an […]
Fuel Prices Drop Nationwide as FG Suspends 15% Import Duty on Petrol, Diesel
Fuel prices across Nigeria have begun to ease after the Federal Government halted plans to introduce a 15 per cent import duty on Premium Motor Spirit (PMS) and diesel. The decision has triggered immediate retail price reductions at major filling stations, offering relief to motorists already grappling with high transportation costs. The suspension was confirmed […]
Presidency Confirms Finance Minister Wale Edun Is Recovering at Home
The Presidency has formally addressed concerns surrounding the health of Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, stating that he is currently recovering at his Abuja residence following a brief illness. In response to swirling speculation about his condition, the Special Adviser to the President on Media and Public Communications, […]