Economy

Latest Economy News

Tinubu signs tax reform bills into law

President Bola Tinubu has signed into law four tax reform bills on

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Reflections on Naira-for-Crude

By Abiodun KOMOLAFE (ijebujesa@yahoo.co.uk; 08033614419 – SMS only) The Naira-for-Crude initiative has

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FAAC: FG, states, LGAs shared N1.6trn in May

*VAT revenue increased by N100bn The federation account allocation committee (FAAC) says

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OPEC says Nigeria’s crude oil production of 1.4m bpd largest in Africa

The Organisation of the Petroleum Exporting Countries (OPEC) says despite a decline

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‘Tinubu’s reforms push Customs’ revenue to ₦1.3 trillion in Q1 2025’

The Nigeria Customs Service, NCS, has recorded an unprecedented revenue of ₦1.3

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Trump threatens 50% tariff on EU imports

United States (US) President, Donald Trump on Friday, threatened to impose a

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FAAC: FG, states, LGs share N1.681trn April revenue

The Federation Account Allocation Committee, FAAC, has shared N1.681 trillion, being April

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IMF: Nigeria clears $3.4bn COVID-19 loan, but $30m charges to be paid yearly

The International Monetary Fund (IMF) says Nigeria will pay $30 million annually

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Trump’s tariffs and the irony of governance

By Abiodun KOMOLAFE (ijebujesa@yahoo.co.uk; 08033614419 – SMS only) Basically, Trump tariffs and

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Reps direct Remita to refund N182bn to FG

*Fund allegedly withheld from TSA since 2015 The public accounts committee of

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