Naira Depreciates by N10 in Parallel Market The Naira yesterday depreciated to N1,670 per dollar in the parallel market from N1,660 per dollar on Tuesday. Similarly, the Naira depreciated to N1,550 per dollar in the official foreign exchange market. Data published by the Central Bank of...

Tax Reform Bill to End Taxation of Poor Nigerians, Says FIRS The Federal Inland Revenue Service (FIRS) has stated that the proposed tax reform bill was introduced to standardise Nigeria’s tax collection and end the taxing of poor Nigerians. Speaking during a stakeholder’s engagement to strategise...

N160bn Debt: Nigerians to Lose Access to USSD in January - NCC The Unstructured Supplementary Service Data (USSD) of nine banks will no longer be supported by telecommunication firms due to N160 billion unpaid debt, according to Nigerian Communications Commission. These telcos, acting under NCC directive,...

NNPCL Remittance Hits N10tn in 2024 – Kyari The Nigerian National Petroleum Company Limited has announced that it remitted N10 trillion to the Federation Account as of September 2024. NNPCL Group Chief Executive Officer, Mele Kyari, revealed this during a budget defence session before the Joint...

NUPRC Says Oil Rig Count Now 32, Projects 2.1mbpd in 2025 The Nigerian Upstream Petroleum Regulatory Commission says the country’s oil rig count has risen to 32. The NUPRC Chief Executive, Gbenga Komolafe, announced this during his recent appearance before the Senate Committee on Appropriation. Komolafe said...

FG Eyes N700bn for Road Projects, Maintenance Annually The Minister of State for Works, Mohammad Goronyo, has expressed concern that the current budgetary allocation to the Federal Roads Maintenance Agency is grossly insufficient, given the critical role the agency plays in maintaining and repairing roads...