Hafsat Ibrahim

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Inflation Drops for Fifth Consecutive Months to 20.12%

The National Bureau of Statistics (NBS) says Nigeria’s inflation rate declined to 20.12 percent in August — down from 21.88 percent in July.

FG Suspends 4% FOB Charge by Customs

The federal government has suspended the newly introduced free on board (FOB) levy collected by the Nigeria Customs Service (NCS) on imported goods with immediate effect.

New Business Creation in Nigeria Falls to 3-year Low — Report

Businesses in Nigeria are no longer throwing caution to the wind, as the creation of new enterprises has reached its lowest levels in three years, driven by a weaker expansion plan, a new report shows.

IPMAN Urges Members to Register with Dangote Refinery

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members who have not registered with the Dangote refinery to immediately register with the plant ahead of the commencement of direct supply of petroleum products.

Crude Earnings Fall by N3.18tn

Nigeria’s crude oil exports declined by N3.18tn in the first half of 2025 despite an increase in production volumes, the latest foreign trade statistics report from the National Bureau of Statistics has shown.

FIRS Dismisses Tax ID Claim for Bank Account Operation

The Federal Inland Revenue Service (FIRS) has dismissed claims that Nigerians must obtain a separate Tax Identification Number.
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