Nigeria’s Fiscal Deficit Drops 29% Nigeria’s budget deficit has reduced by 29 percent from 2023 as the federal government eyes banks’ realised foreign exchange gains. Data from the latest quarterly statistical bulletin of the Central Bank of Nigeria (CBN) shows that the country’s fiscal deficit fell...

Tinubu Commissions 20 CNG Buses At Presidential Villa President Bola Tinubu has commissioned the first set of Compressed Natural Gas (CNG) buses at the Presidential Villa, Abuja. The buses numbering 20 were said to be the first batch produced locally by local manufacturer, Innoson Motors. Some of...

Tomato Prices Drop by 58% as Harvest Commences Families which switched from tomato to other alternatives may need to return to their favourite fruit as prices have dropped to seven-month low on the commencement of a new harvest season and the July/August rain break. Tomato prices...

Edo Refinery Decries Lack of Crude Supply from Relevant Authorities The management of AIPCC Energy Limited, operators of the Edo Refinery and Petrochemicals Company Limited, has raised alarm over the persistent lack of crude oil despite being a fully functional 1,000 barrels per day stream...

Awolowo Hails Tinubu, Olutayo, Others as Trade Begins Under AfCFTA The National Coordinator, Nigeria African Continental Free Trade Area (AfCFTA) Coordination Office, Olusegun Awolowo, has hailed President Bola Ahmed Tinubu for his commitment to deepening intra Africa trade and economic diversification for revenue generation and...

Lagos to Launch Electronic Tax Portal Mid-August The Lagos state government says it will launch its online tax platform on August 15. The platform is called the ‘Lagos Revenue Portal (LRP)’, said Abdul-Kabir Ogungbo, special adviser to Babatunde Sanwo-Olu, Lagos governor, on taxation and revenue. Ogungbo, who...