1+ hour, 32+ min ago   (842+ words) The Federal Government borrowed ₦12.62 trillion in 2024, exceeding its original borrowing plan by ₦4.79 trillion due to a major revenue shortfall. Oil revenue missed target by almost ₦5 trillion, mainly because crude oil prices and production fell below budget projections. Non-oil tax collections…...

2+ day, 21+ hour ago   (278+ words) Nigeria faces a severe supply deficit in rice, tomatoes, peppers, and other basic food items over the next three months, threatening to trigger fresh price hikes. National rice production is expected to fall by six per cent to 8.3 million tonnes…...

3+ week, 3+ day ago   (752+ words) MTN Nigeria CEO Karl Toriola says the company is Nigerian, with over 201,000 direct shareholders and about 11 million Nigerians owning shares indirectly through pension funds. He said the telecom tariff increase was necessary to prevent operators from collapsing financially and has…...

4+ week, 23+ hour ago   (509+ words) Cooking gas prices have started falling across Nigeria following improved supply and lower depot prices. Retail prices now range between ₦1,100 and ₦1,500 per kilogramme in many major cities, though some areas still pay more. Industry stakeholders say increased local production, imports…...

1+ mon, 1+ day ago   (575+ words) What separates businesses that survive from those that fold is rarely luck. It is discipline, and the right financial infrastructure behind it. LiquidCrest Microfinance Bank has over three decades of experience working with traders, entrepreneurs, and small business owners across…...

1+ mon, 2+ week ago   (533+ words) MAN says several industrial reforms introduced by the Tinubu administration have yet to improve conditions for manufacturers. The association cited high energy costs, expensive borrowing, foreign exchange pressures and unstable power supply. While welcoming some policies, MAN says businesses are…...

1+ mon, 2+ week ago   (552+ words) The IMF recommended extending VAT to petrol and introducing new excise duties on mobile calls and data. If adopted, these measures will directly increase transportation costs, food prices, and digital services across Nigeria. These recommendations are currently non-binding advice, and…...

1+ mon, 2+ week ago   (440+ words) The IMF has advised Nigeria to consider new taxes on fuel and telecommunications services to raise government revenue. If adopted, the proposal could increase fuel prices as well as airtime and data costs for consumers. The IMF also urged caution,…...

1+ mon, 3+ week ago   (754+ words) Petrol now costs between ₦1,340 and ₦1,532 per litre, while the prices of cooking gas, diesel, and kerosene have also increased significantly. Higher fuel costs may lead to increased transport fares, food prices, and operating costs for businesses across Nigeria. From cooking…...

1+ mon, 3+ week ago   (1096+ words) The Fund says broad fuel subsidies, tax cuts and price caps can worsen inflation, strain government budgets and increase global shortages. Emerging economies are more vulnerable to food and energy price shocks due to weaker safety nets, tighter fiscal conditions…...