President Bola Tinubu demonstrated foresight in July 2024, when he approved the use of the naira as the payment currency for crude oil supplied by the NNPC to the Dangote Refinery. Since the launch of the naira-for-crude initiative on October 1, 2024, Nigeria has experienced a strategic breakthrough amid the ongoing economic turmoil resulting from the Iran-Israel-US conflict in the Middle East.
President Bola Tinubu demonstrated foresight in July 2024, when he approved the use of the naira as the payment currency for crude oil supplied by the NNPC to the Dangote Refinery. Since the launch of the naira-for-crude initiative on October 1, 2024, Nigeria has experienced a strategic breakthrough amid the ongoing economic turmoil resulting from the Iran-Israel-US conflict in the Middle East.
The Nigeria Labour Congress (NLC) has ordered full-scale mobilisation of its affiliate unions for a nationwide strike against what it described as Dangote Group’s “deliberate anti-worker crusade” and disregard for Nigeria’s labour laws.
The National Industrial Court sitting in Abuja yesterday restrained the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASAN, from embarking on its planned industrial action against Dangote Petroleum Refinery and Petrochemicals FZE.
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said Nigerians who earn income from sex work and other activities often considered “illegitimate” will be liable to pay taxes under the country’s new fiscal regime.
The Edo State Government has projected that its adoption of technology and ongoing tax reforms will help it achieve a targeted N100bn in Internally Generated Revenue by the end of December 2025.
Federal Inland Revenue Service has explained that the government’s reforms exempt food, education, shared transportation, and agriculture from value-added tax.
The Federal Airports Authority of Nigeria (FAAN) has officially launched its new contactless payment system, branded the “Go Cashless” policy, with the goal of tripling its revenue while improving efficiency and transparency across the nation’s airports.