The Nigeria Customs Service (NCS) has reported the seizure of 13 trailer loads of foreign parboiled rice and 17 vehicles, among other notable items, worth N1,241,777,700 in October this year. The Service, in a statement published on its official X (formerly Twitter) account on Wednesday, quoted the Acting Comptroller of the Federal Operations Unit Zone […]
President Bola Tinubu on Wednesday sought the Senate’s processing of a loan facility of $7,864,508,559 and €100 million earlier requested during the immediate past Muhammadu Buhari-led administration under the 2022 – 2024 external borrowing plan. The President conveyed the request to the Red Chamber of the National Assembly through a letter he addressed to the […]
Following failure to remit the Personal Income Taxes (PIT) of their employees and for non-remittance of consumption taxes, the Lagos State Internal Revenue Service (LIRS) has closed 34 companies in the state, including 23 hospitality sector entities. Some of the affected companies are NTS Nigeria Ltd., Med-In Hospital & Pharma Services Ltd., Danvic Petroleum Int’l […]
The Senate on Tuesday confirmed the nomination of Dr. Zacch Adedeji as the Chairman of the Federal Inland Revenue Service (FIRS). Adedeji, who appeared at the upper chamber for screening elaborately spoke on his plans to improve the nation’s revenue, referring to the dearth of information in the oil and gas sector. While lamenting the […]
The National Bureau of Statistics (NBS) on Tuesday solicited stakeholders’ support on the production of the National Strategy for the Development of Statistics (NSDS) 2024-2028 scheduled to soon commence nationwide. The NSDS 2024-2028, which is the Phase III of the exercise, is a comprehensive framework to guide the systematic and co-ordinated development of statistical activities […]
….As Other Food Items Cost More Consumers in the country bought 1kg of loose locally rice at an average price of by 60.59% higher in September this year at N757.06 compared to the N471.42 it sold at in the corresponding month of last year, The National Bureau of Statistics (NBS) in its ‘Selected Food Price […]
….As Other Food Items’ Prices Surge Consumers in the country bought 1kg of loose locally rice at an average price of by 60.59% higher in September this year at N757.06 compared to the N471.42 it sold at in the corresponding month of last year, The National Bureau of Statistics (NBS) in its ‘Selected Food Price […]
Users of Liquefied Petroleum Gas (cooking gas) in the country paid higher for the commodity in September when compared to the prices they paid in the preceding month, the National Bureau of Statistics (NBS), has reported. The statistics agency, in its ‘September 2023 Liquefied Petroleum Gas (LPG) Price Watch’ report published on Thursday, disclosed that […]
…..As consumers pay 4.27% higher for diesel M-o-M Motorists and other fuel users in the country bought fuel at an average retail price of N626.21 per litre in September, indicating a 226.75% increase when compared to the value of the product in the corresponding month of last year. However, the Premium Motor Spirit (Petrol) Price […]
The International Monetary Fund (IMF) has predicted that South Africa’s Gross Domestic Product (GDP) will briefly surpass Nigeria’s in 2024, thereby pushing Nigeria down from its current position as Africa’s largest economy. The Bretton Woods institution, in its World Economic Outlook, projected that South Africa’s GDP would reach $401 billion by 2024 at current prices […]