Subsidy: Tinubu Directs Shettima, Govs to Review Minimum Wage As Nigerians grapple with the aftershocks of the fuel subsidy removal, President Bola Tinubu has directed the National Economic Council to come up with inputs on palliatives and the minimum wage review as part of measures...

FIRS, LIRS Join Forces to Strengthen Tax Compliance The Federal Inland Revenue Service (FIRS) and the Lagos Internal Revenue Service (LIRS) have signed a Memorandum of Understanding (MoU) to establish a Joint FIRS and LIRS Audit and Investigation Team, AIT, aimed at driving exchange of...

Customs Uncovers 25 Duty-evading Firms The Lagos Industrial Command of the Nigeria Customs Service says it has uncovered over 25 firms producing dutiable goods in Lagos State which are not on the list of excise-paying factories. The Customs Area Controller in charge of the command, Queen...

SDG 7 Agenda: Global Target on Energy Unattainable by 2030 - Report  A joint report from the International Energy Agency, the International Renewable Energy Agency, the United Nations Statistics Division, the World Bank, and the World Health Organization, published on Tuesday, reveals that the global...

Nigeria’s Oil Production Drops below 1mb/d – Report The Petroleum Exporting Countries says Nigeria’s crude oil production has dropped below 1 million barrels per day. OPEC’s Monthly Oil Market Report for May puts the country’s oil output for May at 999, 000 barrels per day, which...

FG to Cut Fuel Import From August  The Nigerian National Petroleum Company has confirmed that once the Dangote Refinery starts pumping out refined petroleum products from late July or early August, the NNPCL will cut down on its imports of Premium Motor Spirit, popularly called...