Business News

Dangote refinery announces N75 reduction in petrol price

By Abubakar Yunusa Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (petrol) by N75 per litre In a circular to fuel...

IMF to Nigeria: Introduce telecom tax, VAT on fuel products

By Abubaker Yunusa The International Monetary Fund (IMF) has advised the Nigerian government to introduce excise duties on telecommunications services and extend Value Added Tax...

CBN moves to make banks’ subsidiaries independent, prevent use of customer funds for affiliated firms

By Abubaker Yunusa The Central Bank of Nigeria (CBN) has proposed new rules to separate banks from other financial entities, like financial technology (fintech) company,...

SERAP drags NNPCL over alleged N5.9 billion rebranding expenditure

By Abubakar Yunusa The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL), seeking a court...

Foreign VAT revenue jumps 83% to N830bn in Q1

By Abubakar Yunusa Nigeria’s foreign Value Added Tax collections rose sharply in the first quarter of 2026, with revenue increasing by 83 per cent year-on-year...

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