Bank customers have continued to complain over the jmany transaction charges by banks, saying it is discouraging them from depositing money in their bank accounts. Some of them who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, described the situation as alarming and discouraging. They appealed to the Central Bank of…
Commercial mini-bus drivers in Osogbo on Wednesday protested the hike in the pump price of petrol. The drivers parked their vehicles around the Olaiya Flyover, preventing other mini-bus drivers from conveying passengers in protest against the increase. The News Agency of Nigeria (NAN) reports that the situation resulted in a gridlock in the area. Speaking…
The Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun, says that competition and consumer protection laws are the most dynamic and litigated fields of legal practice across jurisdictions. Kekere-Ekun said this at a three-day strategic judicial training on “Competition and Consumer Protection Laws” held in Abuja on Tuesday. The News Agency of Nigeria (NAN) reports…
An energy expert, Prof. Wumi Iledare, says recent increases in petrol pump prices in Nigeria are largely driven by market expectations and fluctuations in global crude oil prices. Iledare, a Professor Emeritus of Petroleum Economics and Policy Research at Louisiana State University’s Centre for Energy Studies, said fuel prices in the short term often respond…
Former President Olusegun Obasanjo has commended Nigeria for securing the hosting rights for the fifth edition of the Intra-African Trade Fair 2027, describing the development as a major milestone for the country and the African continent. Obasanjo, gave the commendation on Monday, at the Wole Soyinka Centre for Arts and Culture, at the signing of…
Many residents of the Federal Capital Territory (FCT,) say worsening economic conditions have continued to strain household budgets, forcing many families to adopt drastic coping strategies to survive. The residents, including civil servants, artisans and traders, said this in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja. According to the…
The Minister of State for Finance Designate, Dr Taiwo Oyedele has on Wednesday in Abuja, disclosed that not fewer than 12 states of the Federation have enacted the Tax Harmonisation Law. Oyedele, who was appointed on Tuesday as Minister of State for Finance, spoke during the graduation ceremony of 5,900 young entrepreneurs trained by MTN…
The Central Bank of Nigeria (CBN) has taken delivery of responsibly sourced gold refined to London Bullion Market Association (LBMA) Good Delivery standards into its foreign reserves. A statement by the apex bank on Wednesday said that this brings the CBN’s total gold holdings to 3.5 billion dollars, marking a significant step in its reserve…
The Federal Capital Territory Internal Revenue Service (FCT-IRS), has set March 31 deadline for all taxable individuals resident in the FCT to file their annual income tax returns. This is contained in a statement issued by the Head, Corporate Communications, FCT-IRS, Mr Mustapha Sumaila, in Abuja on Monday. He said that the Service had advised…
AMNI International Petroleum Development Company says the arrival of a drilling rig at Okoro Field reinforces confidence in Nigeria’s indigenous oil and gas industry. Its Chairman and Chief Executive, Dr Tunde Afolabi, in a statement issued on Sunday in Lagos, said that the mobilisation remained “a defining operational milestone for the company”. He also said…
