Politics
General news on the economy and politics.
NNPC commences rehabilitation of Port Harcourt’s refinery to boost local supply
The rehabilitation exercise comes 19 years after the last Turn Around Maintenance (TAM) exercise.
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Nigeria’s Mining Sector shows growth prospects, despite low credit provision
The Federal Government of Nigeria needs to build and implement a robust regulatory framework for the mining sector.
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Brace for impact as CBN expects inflation to rise to 12%
If or when the inflation rate rises, it may trigger an increase in the cost of living. This is because...
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FIRS boss Tunde Fowler denies pushing for increase in VAT charge
In a series of tweets from its twitter handle, the Federal Inland Revenue Service (FIRS) has clarified media reports its...
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How to get rid of ‘outrageous’ electricity bills
Ideally, the amount of money paid by an electricity consumer should depend on the number of appliances used.
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Nigeria generated N4.59tn from VAT in just 5 years
Over the past two years, VAT improved most in 2017, but slightly dropped in 2018.
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Does the CBN’s N10,000 fine for delayed wrongful debit refunds still apply?
Recently, an angry Nigerian man called out the CBN on Twitter, complaining about how his mother's account was wrongfully debited...
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Nigerians won’t be paying too much even if VAT increases to 7.5%
Nigeria's Value Added Tax (VAT) may inch up to 7.5% from the current rate of 5%.
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Nigeria’s abysmal Pension System, where only 12% of workers have pension accounts
Only 8.41 million Nigerians currently contribute to the Contributory Pension Scheme.
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DMO discloses FG’s plan to auction N100bn bonds
The Federal Government, will on March 27th, auction bonds valued at N100 billion by subscription. The Debt Management Office disclosed...
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