By STELLA JOHNSON OGBOVOVEH WHEN the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, announced that commercial sex workers — popularly called “runs girls” — would be taxed under Nigeria’s new fiscal regime taking effect in January 2026, it sounded like satire. But it wasn’t. “If somebody is doing runs […]
By OBI DAVIES AT Nigeria’s 65th Independence anniversary, economic experts warned the Federal Government against policies that worsen poverty and slow growth. Former CBN research director Chris Nemedia said low productivity, poor infrastructure, and lack of an enabling environment continue to stifle private sector–driven growth. He urged urgent investment in roads through private equity financing […]
By OBIOMA TORI EXHIBITORS at the ongoing Abuja International Trade Fair (AITF) have voiced concerns over low patronage but remain hopeful of improved turnout before the fair ends on 6 October. Ghanaian trader Veronica Aboagye urged Nigerians to patronise her products, while Chinese vendor Zhang Wei expressed confidence that sales would pick up in the […]
By FIDELUS ZWANSON THE Standards Organisation of Nigeria (SON) says fraud costs the global economy over $4.7 trillion annually, nearly seven per cent of organisations’ revenues worldwide. Speaking at the launch of ISO 37003:2025, the first international fraud control standard, SON committee chair Prof. Oserheimen Osunbor said fraud persists despite internal controls and regulations, fuelled […]
By ABDUL AHMED (A.A.) RUFUS The Presidency has said ongoing road and rail projects in Northern Nigeria will unlock trade opportunities and boost the regional economy. Presidential aide Abdulaziz Abdulaziz listed the Abuja–Kaduna–Kano Expressway, Sokoto–Badagry Highway, and Kano–Katsina–Maradi rail line as key projects that will open trade routes, ease movement of goods, and create jobs. […]
By DAVID JOHN-FLUKE NIGERIA’S economy is showing unmistakable signs of revival. Data from the Central Bank of Nigeria (CBN), the National Bureau of Statistics (NBS), and the NNPCL suggest that the worst may be over. Inflation has begun to cool, GDP growth is outpacing forecasts, and foreign reserves are climbing. Yet, for many Nigerians, the […]
By NJORIGE LYNUS PRESIDENT Bola Tinubu has urged the World Bank, IMF, and African Development Bank (AfDB) to significantly scale up climate financing to help vulnerable nations meet urgent environmental challenges. Speaking through Vice President Kashim Shettima at a climate summit during the UN General Assembly in New York, Tinubu said Nigeria is mobilising $20–25 […]
By NINI NDUONOFIT-AKOH DANGOTE Petroleum Refinery will suspend petrol sales in naira starting Sunday 28 September 2025, after exceeding its crude allocations for local currency transactions. In a statement, the company said it could no longer sustain naira-denominated sales of PMS. Customers who already paid in naira have been advised to apply for refunds. The […]
By HALIMA TAKWAS THE National Hajj Commission of Nigeria (NAHCON) has announced a reduction in the cost of the 2026 pilgrimage to Mecca, with fares set between ₦8.1 million and ₦8.5 million depending on departure zones. NAHCON Chairman, Prof. Abdullahi Saleh Usman, said the new structure—approved by the Federal Government—offers pilgrims an average saving of […]
By OBIOMA TORI THE Federal Government has launched a scheme to provide free business name registration for 250,000 micro and small enterprises nationwide. The initiative, driven by a partnership between the Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), aims to formalise businesses, expand access to finance, and […]