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Storm at Ports: NPA Rocked by $25m, N160m Scandals

Storm at Ports: NPA Rocked by $25m, N160m Scandals   The Nigerian Ports Authority (NPA) has come under intense scrutiny following allegations detailing a deep-rooted culture of corruption, operational inefficiency, and political interference within the agency. According to insider revelations obtained by Economic Confidential, senior officials at...

Tinubu’s Tax Bills and the Issues Left Unresolved

Tinubu's Tax Bills and the Issues Left Unresolved By Umar Farouk Bala In just two brisk days—Wednesday, May 7, and Thursday, May 8, 2025—the Nigerian Senate passed the 2024 Tax Reform Bills, acting swiftly on the executive’s request. But in that speed, something vital may have...

N10bn Solar for Presidential Villa and Nothing for the People, by Tahir Ahmad

N10bn Solar for Presidential Villa and Nothing for the People, by Tahir Ahmad As millions of Nigerians continue to endure the agony of darkness, paying more for the little they barely get, the Federal Government has already proposed a ₦10 billion solar energy upgrade for...

FG to Float N300bn in Green Bonds in 2025

FG to Float N300bn in Green Bonds in 2025 Minister of Environment Balarabe Lawal, has disclosed that the federal government is set to issue a third and fourth tranche of green bonds totaling N300 billion ($200 million) in 2025, deepening its commitment to sustainable finance...

Senate Passes Two Tax Reform Bills, Pegs VAT at 7.5%

Senate Passes Two Tax Reform Bills, Pegs VAT at 7.5% The Senate has passed two out of four major tax reform bills proposed by President Bola Tinubu. However, the upper chamber rejected a proposal to increase the value-added tax (VAT) to 10 percent, opting to retain...

Manufacturers Demand Presidency, NASS to Patronise made-in-Nigeria Goods

Manufacturers Demand Presidency, NASS to Patronise made-in-Nigeria Goods The Manufacturers Association of Nigeria (MAN) yesterday said the presidency, National Assembly and the government uniformed agencies like military and police must patronise made-in-Nigeria materials following the presidential policy on the local content tagged Nigeria First Policy. Economic...