New Tax Law May Send Airfares to ₦1.7m, Onyema Warns
Air Peace CEO Allen Onyema warns Nigeria's new tax regime could cripple airlines, sending economy tickets to ₦1.7m. Read the urgent call for policy reversal.
Category : Search result: excise duty increase
ASUU, FG Agree on 40% Salary Increase, New University Funding
ASUU and the Federal Government conclude the 2009 agreement renegotiation. Lecturers get a 40% salary hike, improved pensions, and a new research fund. Details inside.
ASUU, FG Agree on 40% Pay Increase, New Funding
ASUU finally agrees with FG on a 40% salary increase and a new university funding model, ending the 16-year renegotiation of the 2009 agreement. Details inside.
Bank Transfer Costs to Rise in Nigeria from 2026
Starting January 2026, Nigerians will pay higher charges for online transfers as the government reintroduces stamp duty. Find out how this policy shift will impact your wallet.
Call of Duty Co-Creator Vince Zampella Dies in Car Crash
Vince Zampella, co-creator of Call of Duty, died in a fiery Ferrari crash near Los Angeles. The gaming legend was 55. Read the full story of his tragic passing and monumental legacy.
New Fuel Taxes in 2026 to Raise Petrol, Diesel Prices
President Tinubu's government plans a 15% levy on imported petrol and diesel, plus a 5% fossil fuel surcharge from 2026. Experts warn of soaring costs for Nigerians. Full analysis inside.
Nigeria Suspends 15% Fuel Import Duty Amid Backlash
The Nigerian government suspends a controversial 15% fuel import duty to avoid festive season price hikes. Experts warn of policy inconsistency and the need for long-term energy security. Read more.
Lady Discovers Ex-Landlord Rented Her N300k Flat for N600k
A Nigerian lady moved out due to poor network, only to find her former N300,000 apartment re-rented for N600,000 the same year. Read her story and the public's reaction.
Lawmakers Must Revisit Beverage Excise Bill, Experts Warn
Analysis reveals the proposed Customs, Excise and Tariff Amendment Bill lacks Nigeria-specific evidence, risks 1.5 million jobs, and contradicts fiscal stability goals. Lawmakers urged to pause for broader consultation.
Customs Imposes 3% Penalty on Banks for Late Duty Remittances
The Nigeria Customs Service announces a 3% penalty for banks delaying stamp duty remittances. Defaulters risk public exposure and deactivation from the B'odogwu platform. Read the full details.
ASUU Accepts FG's 40% Salary Deal for Lecturers
Nigerian university lecturers are set for their most significant salary boost in over a decade as ASUU finalises a deal with the Federal Government. See the new salary structure and details of the agreement here.
Soft Drink Tax Hike Risks Jobs and Inflation, CPPE Warns
The CPPE warns Nigeria's proposed excise duty increase on beverages may trigger job losses and worsen inflation. Experts urge broader public health strategies instead. Read more.
Nigerian man's N2m flat has no water, light, rent hiked
A Nigerian man paid N2 million for an apartment only to find no water or electricity. After one year, his landlord issued a quit notice and raised the rent to over N3 million. Read his full story and tenant rights in Nigeria.
Manufacturers Warn of Job Losses Over New Sugar Tax
Nigerian manufacturers oppose a Senate bill to raise sugary drink taxes to 20%, fearing massive job losses. Health Ministry backs the tax for public health funding. Read the full debate.
CPPE Slams Senate Over Proposed Beverage Tax Hike
The CPPE warns that the Senate's plan to increase excise duty on non-alcoholic drinks is economically disruptive and threatens jobs. They urge its withdrawal. Read more.
FG Offers ASUU Lecturers 40% Salary Increase
The Federal Government has proposed a 40% salary increase for university lecturers as ASUU's ultimatum expires. Will this avert a nationwide strike?
MAN Warns Against SSB Tax Hike, Cites Job Risks
Manufacturers Association of Nigeria warns proposed sugar-sweetened beverage tax increase could undermine local production, threaten jobs, and distort investments. Urge lawmakers to reconsider.
Spotify US Price Increase 2026: Nigeria Impact
Spotify plans US subscription price increases in 2026. Nigerian users currently enjoy one of the world's cheapest Premium plans at ₦1,600 monthly. Learn what this means for Nigeria's pricing future.
Christmas Airfares Hit N800,000 as Airlines Face Crisis
Air Peace, United Nigeria, Aero Contractors raise ticket prices to South-East routes as aircraft shortage bites. Return tickets now cost N800,000 for Christmas travel.
4 Economic Policies Tinubu Suspended After Backlash
President Tinubu's administration suspended 4 major economic policies following public outcry. Learn about the reversed decisions and their impact on Nigeria's economy.
Manufacturers Spend N676.6bn on Power Generators
Nigerian manufacturers spent N676.6 billion on alternative energy in H1 2025 as poor power supply cripples operations. MAN warns of job losses and demands government intervention.
Christmas Airfares Jump 100% as Aircraft Numbers Drop
Nigerian airlines hike domestic airfares by over 100% for Christmas travel due to aircraft shortage. Lagos-Abuja flights now cost N150,000-N350,000. Read more about the travel crisis.
Suspended 15% Import Duty Threatens Domestic Refining
The CPPE warns that suspending the 15% import duty on fuel and diesel jeopardizes Nigeria's domestic refineries and energy security. Learn why this policy reversal risks billions in investments.
FG Suspends 15% Import Duty on Petrol and Diesel
NMDPRA guarantees sufficient petroleum products during festive season, advises against panic buying as depots announce new prices. Stay informed on Nigeria's energy security.
Boeing Strike Ends: Workers Accept New Contract
Boeing defense workers in the US have ended a three-month strike, securing a major wage increase. Discover the details of the new agreement and what it means for the aviation industry.
EU Ends Duty-Free Chinese Imports Under €150
EU states agree to remove duty exemption on small parcels from China to combat unfair competition. New €2 handling fee and earlier 2026 implementation planned.
FG Suspends 15% Fuel Import Duty, Price Crash Looms
The Nigerian government has suspended the controversial 15% import duty on petrol and diesel. Experts predict this decision will lead to a significant drop in fuel prices across Nigeria. Read more for full analysis.
Dangote Refinery Increases Petrol Price to N860/Litre
Dangote Petroleum Refinery has increased petrol prices by N32 per litre just days after a reduction, causing depot operators to follow suit. Learn how this impacts Nigeria's fuel market.
Oshiomhole: Don't Tax Nigerian-Made Beer, Goods
Senator Adams Oshiomhole argues for removing excise duty on locally produced goods like beer to boost Nigerian manufacturing. Read his compelling reasons and public reactions.
Nigeria's Oil Production to Jump 1M Barrels with EMEM FPSO
Nigeria's oil industry receives major momentum as the EMEM FPSO initiative promises to revolutionize production capacity, adding one million barrels per day to national output and strengthening economic growth.
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