Taiwo Oyedele, chairman of the Presidential Fiscal Policy and Tax Reform Committee, says resistance to Nigeria’s tax reform is coming mainly from people who have made money for years but do not want to pay taxes. Oyedele spoke at the January Business Breakfast of the Franco-Nigerian Chamber of Commerce and Industry in Lagos. Oyedele Compares…
Turkish President Recep Tayyip Erdogan says Türkiye aims to reach a $5 billion trade volume with Nigeria.He spoke on Tuesday in Ankara. According to Bayo Onanuga, President Bola Tinubu’s Special Adviser on Information and Strategy, Erdogan made the statement during a joint press briefing with Tinubu. The briefing took place during Tinubu’s state visit to…
The Central Bank of Nigeria approved a temporary measure. This decision allowed importers to use expired NAFDAC licences, the approval addressed challenges in import processes. Authorities issued the circular on January 27, 2026. Aliyu Ashiru signed it for the Director of Trade and Exchange Department. The measure took effect immediately. Details of the Approval CBN…
The Dangote Petroleum Refinery faced persistent challenges with its Residue Fluid Catalytic Cracker unit. This key component cracked heavy residues into valuable products like gasoline and diesel. Sources revealed that the refinery continued to import diesel and feedstock to maintain operations. Diesel Cargo En Route from India A Suezmax tanker named MT AESOP loaded diesel…
The Dangote Petroleum Refinery increased its gantry price for Premium Motor Spirit (PMS), or petrol, from N699 per litre to N799 per litre on January 26, 2026. This change ended a temporary price reduction provided during the festive season. The refinery announced the adjustment through an official statement on Monday evening. The Announcement and Price…
The Indigenous People of Biafra (IPOB) enforced a Monday sit-at-home order in Anambra State and other South-East areas. The group aimed to protest the continued detention of its leader, Nnamdi Kanu. Many residents and traders observed the order. As a result, shops, markets, and schools often stayed closed on Mondays. This practice disrupted economic activities….
President Donald Trump announced a decision to increase tariffs on key imports from South Korea. He said he would raise the duty rate from 15% to 25% on automobiles, pharmaceutical drugs, lumber, and other goods. The president made this declaration on his social media platform, framing the move as a direct response to South Korea’s…
Shell CEO Wael Sawan met President Bola Tinubu at the Presidential Villa in Abuja. The encounter focused on investment opportunities in Nigeria’s energy sector. Sawan led a delegation from Shell to discuss expansion plans. President Tinubu hosted the group to explore ways to boost foreign direct investment. Praise for Leadership Sawan praised Tinubu’s leadership during…
Elon Musk and Ryanair CEO Michael O’Leary started a public feud last week. The conflict began over Starlink satellite internet. O’Leary rejected installing it on Ryanair planes. Additionally, O’Leary called Musk an idiot on a podcast. He claimed Musk knows nothing about flights. This comment ignited the exchange. The Spat Begins O’Leary dismissed Starlink for…
Abuja vendors and residents rejoice over a sharp decline in rice prices. This change brings hope to many families. Government actions play a key role in this positive shift. Vendors Share Their Joy Vendors in Lugbe market express great happiness. Mrs Vivian Uche sells beans, rice, and other items. She notes that a bag of…
