Nigeria’s inflation rate has risen to 15.70 percent as a result of fuel scarcity
Nigeria's inflation rate increased in February after falling in January, as Africa's most populous country faces fuel shortages, which have...
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Monday, January 20, 2025
Oil prices rise following the IEA’s supply shortfall warning
17th of March - Oil prices rose on Thursday after the International Energy Agency (IEA) predicted that markets could lose...
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COPEC predicts that diesel prices will soon cross GHC10 per liter and petrol prices will cross GHC9
COPEC based its forecast on rising crude prices on the international market and the cedi, which is currently depreciating against...
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E-commerce tax, not E-Levy – GRA assures businesses
The authority also stated that, beginning April 1, the collection of value-added tax (VAT) on e-commerce would not apply to...
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Nigeria’s crude oil production falls as it fails to meet its OPEC quota for the second time
In terms of crude oil production, according to the most recent OPEC data, Nigeria missed its oil production target again...
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The FG will issue a $2.2 billion Eurobond to fund fuel subsidies, according to the Minister
According to Ahmed Zainab, Minister of Finance, Budget, and National Planning, the Federal Government intends to use €2 billion ($2.2...
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According to the IMF, the FG may spend 93 percent of its revenue on interest in 2022
According to the International Monetary Fund, by 2022, the Federal Government of Nigeria may spend 93% of the country's revenue...
Read moreFitch warns Nigeria that higher oil prices will raise the cost of subsidies
Fitch Ratings has maintained Nigeria's long-term foreign-currency issuer default rating at 'B,' with a stable outlook.It stated this in its...
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Nigeria’s Fuel Subsidy: Soaring Oil Prices, Combined with 100% Fuel Importation, Threaten Economy
As oil prices reach record highs, many Nigerians would expect their country to be raking in billions of dollars and...
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VAT on e-commerce: GRA and two regulators monitor online spending
The authority has also increased its collaboration with telecommunications companies (telcos) to ensure that non-resident businesses' online services are properly...
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