FIRS Stops Issuance of Tax Exemption Certificates The Federal Inland Revenue Service has discontinued the issuance of tax exemption certificates to all categories of taxpayers, including pioneer status companies, non-governmental organisations, and free zone entities. In a public notice signed by...

Consumers Owe Discos N70bn in May - Report Electricity consumers across Nigeria failed to pay N70.25bn in May 2025, according to the latest commercial performance report released by the Nigerian Electricity Regulatory Commission. The 12 electricity distribution companies billed a total...

CAC to Delist 100,000 Companies Dormant for 10 Years  The Corporate Affairs Commission has announced plans to commence the striking off of a fresh batch of companies from its register. In a notice on its Instagram page on Tuesday, the Commission...

Naira Falls Against Dollar in Black Market The Naira continued to decline against the US dollar on Tuesday July 29, weakening further in the parallel market. Currency dealers in Abuja told Economic Confidential that due to high demand, the Naira was...

Naira Reverses Gains Against Dollar in Black Market The Naira has lost N15.33 of its gains against the US dollar on Monday July 28, depreciating in the parallel market. Currency dealers in Abuja told Economic Confidential that due to high demand,...

TISSF: FG Launches N10m Support Fund for Tertiary Staff The federal government has launched the Tertiary Institution Staff Support Fund (TISSF), a loan scheme that provides eligible tertiary institution staff with up to N10 million to support their welfare and...