5% Excise Duty: Telecom Firms Reject Proposed Reintroduction   The Association of Telecommunications Companies of Nigeria, ATCON, has rejected plans by the Federal Government to reintroduce a five percent excise duty on the telecommunications sector, warning that the move could significantly...

Nigeria, USA Annual Trade Now $10bn   The Consul-General of the United States Consulate in Lagos, Nigeria, Will Stevens, has said that Nigeria and the US have a $10bn annual trade relationship. Steven disclosed this on Monday in Lagos while speaking at...

FG Records Tax Revenue Windfall, Banks’ Tax Rises by 109.6%   There are indications that the Federal Government is having great times in its finances as its revenue from Value Added Tax (VAT) and Company Income Tax (CIT) rose by 85...

Air Peace Hikes Lagos-Abuja Ticket to N200,000   From November 1, 2024, a one-way flight ticket from Lagos to Abuja on Air Peace is to hit N200,000. The harsh economy has been affecting the aviation business causing airlines to increase their fares...

FG Records $5bn FDI as 11 Investment Picks Shun Nigeria   President Bola Tinubu and Vice President Kashim Shettima undertook 41 trips across 23 countries in their first 17 months in office, spending 180 days, equivalent to six months, on foreign...

How Nigeria Lost N13trn to Forex Subsidy — World Bank   The Federal Government incurred a significant loss of N13.2tn in foregone revenue as a direct consequence of the implementation of its foreign exchange subsidy policy between 2021 and 2023, the...