Business

Foreign Exchange Net Inflow Rises 67% to $27.6bn in 2024 The net foreign exchange inflows to Nigeria’s economy rose by 67.8 percent to $27.6 billion in the first half of 2024 (H1’24) from $16.44 billion in the corresponding period of 2023. This development was driven by...

FG Unveils Application Portal for Fuel-to-CNG Conversion The Federal Government has launched an application portal for Nigerians willing to convert their vehicles from the use of Premium Motor Spirit otherwise known as petrol to Compressed Natural Gas. This was contained in a statement on Wednesday by...

FG Streamlines Public Service Access with Digital Platform  The Federal Government, through its digital infrastructure provider, Galaxy Backbone, has launched the Government Service Portal in collaboration with the Korea International Cooperation Agency. According to a statement on Wednesday by the Head of Media and Corporate Communications...

FG Launches USSD Code to Simplify Tax Payment The Federal Inland Revenue Service has launched a USSD code, *829#, to simplify tax payments as part of efforts to enhance the ease of doing business and improve taxpayer satisfaction. The FIRS Chairman, Zacch Adedeji, introduced the initiative...

Senate Stops Govs’ New Move on LG Allocations The Senate has expressed alignment with the Supreme Court judgment of July 11, 2024, which granted financial autonomy to the 774 Local Government Areas across the country. It faulted moves by some governors to enact laws to mandate...

FG Not Responsible for Petrol Price Hike - Minister The Minister of Information and National Orientation, Mohammed Idris, said the government should not be held responsible for the latest hike in petrol price. The Nigerian National Petroleum Company Limited (NNPCL) raised the pump price of fuel...