Senate Slams NNPCL for Rejecting N210trn Audit Investigation   The Nigerian National Petroleum Company Limited (NNPCL) on Thursday failed to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over N210tn in its audited reports from 2017 to 2023. Despite being summoned,...

‎Why Tinubu Replaced FIRS with NRS in Sweeping Tax System Overhaul ‎ ‎In a bold move to modernize Nigeria’s fiscal landscape, President Bola Ahmed Tinubu has signed into law four transformative tax reform bills, effectively dissolving the Federal Inland Revenue Service (FIRS) and establishing a new...

FIRS Scrapped as Tinubu Signs Landmark Tax Reform Bills to Modernize Fiscal System   In a major milestone for Nigeria’s economic reform agenda, President Bola Ahmed Tinubu on Thursday signed into law four transformative tax reform bills aimed at overhauling the country’s fiscal and revenue administration...

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the reforms introduced by the Bola Tinubu administration have effectively dismantled the dollar black market and boosted the Federal Government’s revenue to N6.9tn between January and April 2025.

FDIs to Nigeria, Others Hit Two-decade Low – World Bank   Flows of foreign direct investments into Nigeria and other developing economies, a key propellant of economic growth and higher living standards, have dwindled to the lowest level since 2005 amid rising trade and investment barriers,...

NBS Reports 29% Surge in Farm Produce Costs     The National Bureau of Statistics (NBS) has reported a 28.98 per cent rise in the average cost of farm produce between January and May 2025, signalling a deepening crisis in Nigeria’s agricultural sector. According to the NBS, the...