Category: Business
Tax Reforms Reduce Burden on Low-Income Earners, Revenue Board Says
The Joint Revenue Board says the reforms are easing tax pressure on low-income earners and micro-businesses, while also tackling the burden of multiple nuisance taxes. Tax Reforms The Joint Revenue Board (JRB) has said Nigeria’s tax reform has reduced the burden on low-income earners and eliminated multiple nuisance taxes. The Executive Secretary of the JRB, Olusegun…
Record US Diesel Prices Threaten to Drive Up Cost of Goods
Record-high diesel prices in the US are putting fresh pressure on transportation costs, with the impact expected to ripple through supply chains and make a wide range of everyday goods more expensive. CHICAGO — Diesel hit a record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first…
Ghana Tightens Gold Export Rules to Boost Local Value
Ghana has tightened its gold export rules, requiring certain artisanal gold to be refined locally before shipment abroad as the country seeks to create jobs, strengthen domestic processing and retain more value from its gold industry. Ghana’s Finance Minister Cassiel Ato Baah Forson and GoldBod CEO Sammy Gyamfi inspect Gold Coast Refinery with other officials…
Dangote’s Investments Driving Africa’s Industrial Growth, Experts Say
Leading economists and industry stakeholders have praised Aliko Dangote’s investments for boosting industrialisation, creating jobs, reducing import dependence and strengthening Africa’s economic competitiveness. Business magnate and Chairman of the Dangote Group, Dr. Aliko Dangote Advocate stronger support for indigenous manufacturers Leading economists, financial experts and industry stakeholders have described Dangote Group‘s investments as major drivers of…
Navy: Sophisticated Syndicates, Not Petty Thieves, Behind Crude Oil Theft
The Nigerian Navy says crude oil theft is being driven by highly coordinated and sophisticated syndicates, as it uncovered three suspected illegal refining sites, six reservoirs and about 99,000 litres of suspected stolen crude oil and illegally refined AGO in Rivers and Delta States. Crude theft is a major challenge facing Nigeria’s oil production level.…
Nigeria’s Tax Revenue Hits ₦21.6tn in H1 2026 — Uba Sani
National tax revenue climbed to approximately ₦21.6 trillion in the first half of 2026, representing a 49 per cent increase from the same period last year, Kaduna State Governor Uba Sani has said. Uba Sani, Governor of Kaduna State. Kaduna State Governor, Uba Sani, has disclosed that the national tax revenue has risen to ₦21.6 trillion…
Chevron, Eni Seal Major Deals to Expand Oil Operations in Venezuela
US energy giant Chevron and Italy’s Eni have signed major agreements to expand oil production in Venezuela, with billions of dollars in planned investments as the country seeks to revive its struggling petroleum industry. US and Venezuela sign major oil deals as Washington expands influence in Caracas Chevron and several other global energy companies have…
Eno Receives New Ibom Air Aircraft, Highlights Job Creation in Aviation
Akwa Ibom Governor Umo Eno has received a new Airbus A220-300 for Ibom Air, saying the state’s continued investment in aviation is creating jobs and developing local talent, with 10 indigenes currently undergoing cadet pilot training in Addis Ababa, Ethiopia. Governor Eno spoke at the official reception and water-cannon ceremony for the new Airbus A220-300…
China Deepens Egypt Investments as Xi Returns to Cairo After a Decade
China is stepping up its economic footprint in Egypt as President Xi Jinping begins his first visit to the country in 10 years, with growing investments in infrastructure, manufacturing and strategic projects reinforcing ties between the two nations. Egypt’s President Abdel Fattah al-Sisi (R) and his wife Entissar Amer (C) walk next to China’s President…
United Nigeria Grounds Aircraft After Bird Strike at Lagos Airport
United Nigeria Airlines has withdrawn one of its aircraft from service after a bird strike at Murtala Muhammed Airport, Lagos, with the airline beginning further inspection and maintenance while warning that some scheduled flights may be disrupted. A United Nigeria Airlines aircraft United Nigeria Airlines has announced the withdrawal of one of its aircraft from…
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Opeyemi Precious
Precious Opeyemi is an independent media entrepreneur, journalist, and the founder of Scoop Lounge. Driven by a commitment to credible, balanced, and high-impact journalism, she established the platform to deliver rapid-response news summaries across multiple global sectors. Read full
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