States, FCT External Debt Rise To N3trn The external debt burden of the 36 states and the Federal Capital Territory may rise by as high as over 40 per cent following the recent floating of the naira by the Central Bank of Nigeria. On Tuesday, June...

Airfare Hike Due To Forex, Aviation Fuel Scarcity - Operators   The Airline Operators of Nigeria has explained that foreign exchange and aviation fuel shortages in the country were responsible for the recent hike in airfares. The spokesperson of AON, Prof Obiora Okonkwo, disclosed this to our...

Inflation: LCCI Urges FG to Cut Taxes on Basic Items The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to cut taxes on basic food items to mitigate the effect of rising inflation on the most vulnerable Nigerians. LCCI made the...

Lagos Ports: 60% Imports Retained in State, Says Customs The Customs Area Controller, CAC of the Kirikiri Lighter Terminal, KLT, Command of the Nigerian Customs Service, NCS, Timi Bomodi, has said that about 60 per cent of imported cargo through the Lagos ports do not...

Nigerians Kick as FG Implements 7.5% VAT on Diesel The Federal Government, on Monday, confirmed that it had commenced the implementation of the payment of 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly called diesel. Officials of the Nigeria Customs Service and Federal...

Data Breaches: FG Vows to Prosecute MDAs CEOs, Others  The National Commissioner for the Nigeria Data Protection Bureau, Dr Vincent Olatunji, has disclosed that the Commission will prosecute the Chief Executive Officer of any government agency found guilty of data breaches. He made this disclosure on...