President Bola Ahmed Tinubu on Monday promised to diligently fulfill every aspect his electoral promises in order to position Nigeria on the path of sustainable development and ensure democratic dividends for the citizenry during his tenure. The President, who made the pledge in his Democracy Day address to Nigerians pointed out that achieving this goal […]
The Centre for the Promotion of Private Enterprise (CPPE), one of the leading organized private sector (OPS) advocacy groups, has canvassed key fiscal, monetary and policy reform initiatives that the new President Bola Ahmed Tinubu-led administration should prioritize in its reform agenda to ensure improved socioeconomic well-being for the citizenry and sustainable growth of the […]
KPMG Nigeria, one of the nation’s economic research and professional services firms, has expressed its doubt about the feasibility of President Bola Tinubu’s target to increase the country’s Gross Domestic Product (GDP) growth rate by 6% on average in the next four years. The research firm, in its Issue 8 Flashnotes released on Friday, noted […]
The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has expressed its support for the fuel subsidy removal by President Bola Ahmed Tinubu during his inaugural address, describing the fiscal regime as a major challenge to the nation’s economic growth and development over the years. The commission’s Chairman, Mr. Mohammed Bello Shehu, in a statement on […]
President Bola Tinubu on Thursday restated his administration’s total commitment to eliminating all forms of abuses in the petroleum industry’s downstream sub-sector as a strategic step towards ensuring regular supply of products at competitive prices in the country. The President expressed this during his meeting on Wednesday with representatives of major oil marketers’ associations on […]
President Bola Ahmed Tinubu has directed the National Economic Council (NEC) to begin the process of working on fiscal and other interventions to ameliorate the impact of the subsidy removal on Nigerians. This is even as some major oil marketers pledged to donate 100 buses to ease transportation cost problem being faced by average Nigerians […]
The Group Chief Executive of Nigerian National Oil Company Limited (NNPCL), Mr. Mele Kyari, has hinted that the company is winding down crude swap contracts with traders and will pay cash for gasoline imports. Kyari, who made this disclosure during a chat with Reuters at the weekend, explained that private companies could begin importing petrol […]
The World Bank has rated Nigeria and five other countries as currently well-positioned for the implementation of carbon taxes in order to consolidate on the modest achievements recorded by the affected countries on their zero-carbon gas emission drive agenda. Carbon tax is a fiscal policy tool used by governments to levy fees on covered entities […]
As the ripples of the petrol pump price hike and other emerging micro and macroeconomic developments in the nation’s economic space continue unabated over the past week, investment experts at Bancorp Securities Limited have advised investors to broaden their investment portfolios for assured returns. The analysts, in the firm’s ‘Weekly Stock Recommendations Jun 05 – […]
The Organization of Petroleum Exporting Countries OPEC+ members agreed to maintain their current crude oil supply through the end of 2024, following a weekend of intense oil diplomacy in Vienna, Austria Similarly, quotas for 2024 were lowered for production under-performers, including Nigeria, Angola, Azerbaijan, Malaysia, Congo and a few more countries. Under the arrangement Nigeria’s […]