Business & Economy - Page 28

The Executive Chairman of the Lagos State Internal Revenue Service (LIRS), Dr Ayodele Subair, has said the remarkable growth of tax administration and internally generated revenue in Lagos State can be traced to the bold reforms initiated by President Bola Tinubu during

The Nigeria Revenue Service (NRS) has described as false and misleading a viral infographic claiming that a new vehicle tax has been imposed by the government effective July 1. The NRS made this known in a statement by Mr Dare Adekambi, Special

Some bank customers in the Federal Capital Territory (FCT) have frowned upon the continuous increase in banks’ services in spite of the challenging economic environment and their outcry. The customers who spoke to the News Agency of Nigeria (NAN) in Abuja on

An economist, Dr Muda Yusuf, has called for comprehensive structural reforms to revive the ailing textile industry and reposition it for competitiveness and industrial growth. Yusuf made the call in an interview with the News Agency of Nigeria (NAN) on Sunday in

In politics, grand claims are often dismissed as harmless rhetoric. In public finance, they matter. So when President Bola Tinubu said in September 2025, “Nigeria is not borrowing. We have met our revenue target for the year, and we met it in

Seplat Energy Plc has recorded multiple recognitions from regulatory, market and industry bodies, reinforcing investor confidence in its corporate governance, financial discipline and growth strategy. The company disclosed this in a statement on Friday in Lagos. Its shares recently crossed the N10,000

The Central Bank of Nigeria (CBN) released the “2026 Guide to Charges by Banks and Other Financial Institutions” this morning, and it’s a classic “give and take” scenario for Nigerian bank customers. ​The CBN is essentially shifting the cost from usage to

The Emir of Kano, Muhammadu Sanusi II, has raised fresh concerns about Nigeria’s economic direction, cautioning that the Federal Government’s continued reliance on borrowing could undermine the gains expected from recent reforms, including the removal of petrol subsidy and the liberalisation of

Stakeholders on Thursday urged stronger Nigeria–South Africa collaboration to unlock Africa’s trade and investment potential under the African Continental Free Trade Area (AfCFTA). They spoke at the second Nigeria–South Africa Economic Diplomacy Roundtable hosted by MTN Nigeria in Lagos. Participants said both