WASHINGTON D.C. – A storm is brewing for millions who rely on money sent home from the United States. The U.S. House of Representatives has passed a bill proposing a new 3.5 percent US remittance tax. This tax would hit money sent…
ABUJA – Good news for the Nigerian currency as the naira appreciates notably against the US dollar to kick off the week. This encouraging rebound was seen across various foreign exchange markets, offering a glimmer of hope for greater currency stability after a…
ABUJA – The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to act now. MAN calls for the Nigeria First Policy to become a binding law. The association says this action will significantly boost the nation’s struggling manufacturing sector. MAN Director-General…
ABUJA – President Bola Tinubu has formally presented a significant financial proposal to the National Assembly. This proposal includes a substantial $21.5 billion external loan. It also features a ₦758 billion domestic bond aimed at clearing outstanding pension liabilities. According…
ABUJA – Nigeria has taken a decisive step, reinforcing its leadership in pan-African development. President Bola Ahmed Tinubu authorised a significant $500 million Nigeria Trust Fund replenishment. This important action renews the fund’s operational mandate for another 15 years, signaling a…
LAGOS – Nigeria’s foreign exchange earnings are set for a major uplift as the Dangote Group’s new refinery gears up for substantial exports. Aliko Dangote, President of Dangote Group, announced that the 650,000 barrels per day facility has ambitious Dangote Refinery…
AWKA – Mr Peter Obi, former Anambra State Governor, has strongly condemned an alleged N700,000 fee. Reports say this fee is demanded from traders to reopen their shops at the Onitsha Head Bridge Market. Obi described the action as “insensitive.”…
ABUJA – Nigeria is taking significant steps to transform the Nigeria sugar industry, a sector officials believe is crucial for the nation’s prosperity. Minister of State for Industry, Senator John Owan Enoh, recently highlighted the sugar industry’s vital part in President…
ABUJA – Nigeria’s crumbling road infrastructure is not just a travel nuisance; it’s actively pushing up transportation costs and making food insecurity in Nigeria a harsher reality. This stark warning comes from a new World Bank report. The study paints a clear picture: many rural…
ABUJA – President Bola Tinubu has put forward a ₦1.48 trillion budget plan for Rivers State. This proposal now sits with the National Assembly. The move comes after the Supreme Court cancelled the state’s 2025 budget. Rivers State has operated under…
