The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has raised serious concerns over Nigeria’s ballooning losses from tax incentives, stating that poor data tracking and lack of accountability make it nearly [Read More!]
Nigeria has spent more than N200 billion on importing solar panels in recent years. This was shared by Abba Aliyu, the CEO of the Rural Electrification Agency (REA), during a roundtable with the Lagos State [Read More!]
In a promising development for Nigeria’s economy, the Central Bank of Nigeria (CBN) has announced a significant $6.83 billion balance of payments surplus in the first quarter of 2024. This milestone is a testament to [Read More!]
According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s oil reserves are estimated to last for 64 years. The country’s crude oil reserves currently stand at an impressive 37.28 billion barrels. Breaking it down, [Read More!]
Former President Olusegun Obasanjo’s words still resonate deeply in Nigeria’s socio-economic discourse. His assertion that “Nigerians have no business being poor with the country’s vast resources” is a poignant reminder of the nation’s paradoxical situation. [Read More!]
The African Development Bank (AfDB) President, Akinwumi Adesina, has sounded the alarm on a concerning trend that’s been plaguing the continent: the “Japa” phenomenon. This trend, which refers to the mass migration of skilled and [Read More!]
Tony Elumelu, a renowned Nigerian businessman and philanthropist, has emphasized that addressing the country’s crippling electricity challenges is crucial to achieving a $1 trillion economy. As the chairman of Heirs Holdings and the Tony Elumelu [Read More!]
Nigeria’s economic forecast just hit a major speed bump. The country’s premium crude—Bonny Light—took a sharp dive, dropping by 5.09% to $59.62 per barrel, sparking fresh concerns about the government’s ability to meet its ambitious [Read More!]
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