Several petrol stations in Lagos adjusted their pump prices for Premium Motor Spirit (PMS) on Monday following an increase in the ex-depot price driven by recent spikes in international crude oil prices. Dangote Refinery Explains Price HikeOn Sunday, Dangote Refinery clarified the reason for the upward adjustment in fuel prices, attributing it to the volatile […]
25 Million Nigerians Benefit from ₦25,000 Cash Transfer, Says Finance Minister
By Yussuph Al-Bashir The Nigerian government has distributed ₦25,000 in conditional cash transfers to 25 million Nigerians, according to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking to State House Correspondents on Thursday after the National Economic Council (NEC) meeting chaired by Vice President Kashim Shettima, Edun outlined steps […]
Nigeria’s Domestic Prices to Remain High in 2024/2025, Says CBN
The Central Bank of Nigeria (CBN) has projected that domestic prices in Nigeria will remain elevated throughout the 2024/2025 fiscal year. This was disclosed in the bank’s Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for the upcoming fiscal period. The CBN’s announcement follows consecutive drops in the country’s inflation rate in July and August, […]
FIRS Debunks Rumors of VAT Increase to 10%
Abuja, FCT – On Monday, September 9, the Federal Inland Revenue Service (FIRS) dismissed reports claiming a planned increase in Value Added Tax (VAT) from 7.5% to 10%, labeling such claims as false and misleading. Arabinrin Aderonke, technical assistant on broadcast media to the FIRS chairman, clarified that the federal government had no intention of […]
Stark Reality: Only 22% of Nigerian Women Economically Empowered, Report Reveals
A new report from EFInA has shed light on the grim state of women’s economic empowerment in Nigeria, revealing that only 22% of the country’s 56.3 million female adults are economically empowered. This translates to just 12.5 million women actively participating in productive economic activities. The EFInA Women’s Economic Empowerment report, which draws on data […]
