FG Cuts Tariffs on Food, Vehicles in 2026 Fiscal Policy

The Nigerian Federal Government has announced significant tariff reductions on essential imports including rice, sugar, palm oil, and vehicles under the 2026 Fiscal Policy Measures, potentially lowering consumer prices.

Nigerian Stock Market Gains N707bn as N31.5bn Traded

The Nigerian stock market closed higher with a N707 billion gain, driven by strong performances in banking, consumer goods, and industrial sectors, while over 548 million shares worth N31.5 billion were exchanged.

CPPE: Reject World Bank Fuel, Food Import Plan

The Centre for Promotion of Private Enterprise urges Nigeria's government to ignore World Bank recommendations for increased fuel and food imports, warning it would reverse economic gains and undermine domestic production.

Petrol Prices Drop in Nigeria After Global Crude Oil Eases

Petrol prices have decreased at major depots in Nigeria, including Dangote refinery, due to a drop in global crude oil prices after a US-Iran ceasefire. Ex-depot rates in Lagos, Port Harcourt, Warri, and Calabar fell, providing relief to the downstream ma

Naira Hits N1,355.25/$ in Official Market, Strongest in Weeks

The Nigerian naira appreciated against the US dollar in the official foreign exchange market, closing at N1,355.25/$ on Friday, April 10, 2026. This marks its strongest level in recent sessions, with steady gains recorded throughout the week. However, Nig

Tax Committee Debunks Claims Oyedele Admitted Errors in Laws

The Presidential Fiscal Policy and Tax Reforms Committee has dismissed misleading reports that Finance Minister Taiwo Oyedele admitted flaws in Nigeria's new tax laws, clarifying the legislative process is complete and reforms are yielding results.

FG, Fidelity Bank Unveil YEIDEP Grant Up to N500k for Youth

The Federal Government and Fidelity Bank have launched the Youth Economic Intervention and De-Radicalisation Programme, offering non-repayable grants from N50,000 to N500,000 to Nigerian youth aged 18-50 to combat unemployment and foster entrepreneurship.

Northern States Face Power Outages Until May for Grid Upgrade

Consumers in seven northern Nigerian states will experience planned power outages from April 9 to May 22, 2026, as the Transmission Company of Nigeria conducts critical maintenance on the Jos-Gombe transmission line to enhance grid reliability.

Flying with a Baby: Stress-Free Air Travel Tips

Traveling with a baby on a plane can be challenging, but with proper planning, it becomes manageable. Learn strategies for booking flights, packing essentials, and handling ear pressure to ensure a smoother journey for parents and infants.

Minister Admits Errors in Nigeria's New Tax Laws

Nigeria's Minister of State for Finance, Taiwo Oyedele, has acknowledged errors in the new tax reform laws, attributing them to manual processes and legislative lapses. He assured that a Finance Bill will address the issues, emphasizing transparency and p

Alaafin Praises Dangote's Unrivaled Impact at 69

The Alaafin of Oyo, Oba Akeem Abimbola Owoade I, has lauded Aliko Dangote as a visionary leader with unparalleled philanthropic achievements, highlighting his role in Nigeria's economic growth and industrial transformation on his 69th birthday.

FG Cuts Car Import Tariff to 40% to Lower Vehicle Prices

The Federal Government has approved a major reduction in import tariffs on vehicles from 70% to 40%, effective April 1, 2026. This policy is expected to lower the cost of imported cars, with a 90-day grace period for importers and exemptions under a new G

Masai Ujiri Seals Arena Deal with Kenya Railways

NBA champion Masai Ujiri's Zaria Group and Kenya Railways have signed a long-term lease to develop a modern indoor arena and entertainment district in Nairobi, expected to create over 25,000 jobs and boost Kenya's economy.

PTD-NUPENG Confirms Ote as Chairman, Warns on Night Driving

The Petroleum Tanker Drivers branch of NUPENG has affirmed Mathias Ote as substantive National Chairman. At a NEC meeting in Warri, Ote succeeded the late Augustine Egbon and warned members against dangerous night driving due to rising criminal activities

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