As the Yuletide celebration season is fast approaching and with consumers lamenting the surging prices of commodities, the Federal Government has set up a committee with a mandate to make recommendations on how to boost domestic supplies of Liquefied Petroleum Gas (LPG), also known as cooking gas. The Committee was set up by the Minister […]
The Nigerian Senate on Wednesday formally commenced the process of amending the Cybercrime Act 2015 as part of ongoing collective efforts to improve the security of the nation’s cyber space for information sharing across the broad spectrum of the nation fast-evolving digital economy. Speaking at the one-day public hearing on the Cybercrime (Prohibition and Prevention) […]
The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s statistical system, has reported that Nigeria’s real GDP at basic prices for the first and second quarters of this year decreased when compared to the growth rates recorded in the nation’s economy in the corresponding quarters of 2022. The Bureau, in the ‘Nigerian Gross […]
…..As Statutory Revenue Dips By N354.863Bn M-o-M The Federation Account Allocation Committee (FAAC) on Wednesday reported that it shared a total sum of N906.955 billion from the October 2023 Federation Account revenue to the Federal, State and Local Government Councils. The committee, in a communiqué issued after its November 2023 meeting, indicated that the […]
….Despite Increases In Fuel, Diesel Prices Despite the surging inflation rate reported in October this year by the National Bureau of Statistics (NBS) in Nigeria, the statistics agency on Wednesday reported that commuters paid less for transport fares in the month. The Bureau, in the ‘Transport Fare Watch (October 2023)’ published on its website, which […]
The chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has charged foreign shipping companies lifting crude oil from Nigeria to ensure strict compliance with the country’s tax laws in their operations. Adedeji gave the charge at a workshop on taxation of non-resident shipping companies organised by the federal revenue agency in conjunction […]
…..As Kerosene price rises 0.32% Buyers of Liquefied Petroleum Gas (cooking gas) in Nigeria paid N4,562.51 as average retail price for refilling a 5kg cylinder in October this year, representing an increase of 8.89% month-on-month over the N4,189.96 they paid in the preceding month. The National Bureau of Statistics (NBS) in its ‘Liquefied Petroleum Gas […]
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday disclosed that the Federation Account had been recording improved revenue inflow since the removal of fuel subsidy from an average of N650 billion monthly to over N1 trillion in the last four months. Edun made this disclosure at the opening ceremony […]
The Governor of Akwa Ibom State, Pastor Umo Bassey Eno, has commended the National Bureau of Statistics (NBS) for its sustained drive towards standardization of Nigeria’s statistical system in line with global best practice. The governor commended the management of the statistics agency for the ongoing transformation of the statistical system at the Southern States […]
Amid public expectations that the Central Bank of Nigeria (CBN), through its Monetary Policy Committee (MPC), would decide on key monetary policy rates to tame the surging inflation rate in the country at the end of the committee’s 2-day meeting tomorrow in Abuja, the apex bank on Monday announcement the I indefinite postponement of the […]