The federal government has increased the tax on tobacco products including shisha and cigarettes from 20 percent to 30 percent. Olorunnimbe Mamora, minister of state for...
The Central Bank of Nigeria, CBN, in conjunction with the Bankers Committee has deployed eNaira enrolment and sensitization campaigns to two major markets in Lagos. The...
The Nigerian naira has dropped to N614 against the dollar at the parallel section of the foreign exchange market. The figure signifies a depreciation of N7...
The Ecuadorian energy ministry says the country will suspend oil production completely within 48 hours over acts of vandalism. Since June 13, protesters have refused to...
The Association of Master Bakers and Caterers of Nigeria (AMBCN) has threatened to withdraw their services nationwide, citing a hike in the price of bakery materials,...
The federal government says it has started the implementation of excise duty of N10/litre on all non-alcoholic, carbonated, and sweetened beverages. This was disclosed on Thursday...
Oil marketers have insisted the current N165 a litre pump price of premium motor spirit (PMS) is no longer sustainable. The development comes as queues for...
The World Bank has said that Nigerian states will likely lose N18.8bn in oil and gas revenues in 2022, as worsening revenue collection at the federation...
Canada’s annual inflation rate skyrocketed to 7.7% in May 2022, the highest since January 1983. This was disclosed by Statistics Canada data today, which stated that...
The International Air Transport Association has expressed concern over the decision by the Federal Government of Nigeria to block foreign airlines from repatriating ticket sales revenue...