NUPENG suspends nationwide strike after DSS-brokered meeting with Dangote Group
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has suspended its nationwide strike following a resolution meeting with the Dangote Group in Abuja. The union had on Monday…
FG clarifies: No immediate plan to implement 5% petrol surcharge
The Federal Government has assured Nigerians that it has no immediate plans to introduce the five per cent fuel surcharge provided for in the newly signed Tax Administration Act 2025.…
Customs approves $300 duty-free threshold for low-value imports and passenger baggage
The Nigeria Customs Service Board (NCSB) has approved a de minimis threshold of $300 for low-value consignments imported through express shipments or passenger baggage. De minimis refers to the minimum…
Fuel scarcity looms as PETROAN, NUPENG move to shut down operations over Dangote monopoly fears
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has issued a three-day forewarning of suspension of lifting and dispensing petroleum products, starting from the early hours of Tuesday.…
New law makes tax ID mandatory for bank accounts, business deals from 2026
From January 1, 2026, Nigerians and non-residents will be unable to open or operate bank accounts without a valid Tax Identification Number (Tax ID). The new requirement is contained in…
Nigeria records ₦20.59tn non-oil revenues, strongest fiscal performance in years
Nigeria has recorded its strongest fiscal performance in recent history, driven by unprecedented growth in non-oil revenues, according to figures released for the period January to August 2025. Data show…
Tinubu says Nigeria met 2025 revenue target in August, credits non-oil sector
President Bola Tinubu on Tuesday announced that Nigeria achieved its 2025 revenue target in August, attributing the milestone to economic reforms that have strengthened the non-oil sector. Speaking at the…
Nestlé fires CEO over workplace relationship, names replacement
Nestlé has fired its chief executive, Laurent Freixe, after an internal investigation revealed he had an undisclosed romantic relationship with a subordinate — a breach of the company’s code of…
NNPC boss raises alarm: ‘Cabal after my life over oil sector reforms’
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC) Limited, Bayo Ojulari, has alleged that his life and those of his management team are under serious…
Nigeria’s FX reserves hit $41bn, highest in 44 months
Nigeria’s foreign exchange reserves have climbed to $41 billion as of August 19, 2025, marking the country’s strongest external buffer in nearly four years. Data published by the Central Bank…
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