Diesel rises 184%, defies global oil price swings
The market price of diesel in Nigeria has surged 184 percent from January to December 2022 despite the fall in global crude oil prices towards the end of last year, with Brent crude…
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EXPLAINER: Why Nigeria’s inflation fell in December after 10-month surge
Nigeria’s headline inflation rate slowed for the first time in 11 months in December 2022.
According to data released by the National Bureau of Statistics (NBS) on Monday, the inflation…
Explainer: How inflation robbed Nigerians in 2022
With a few days to the first anniversary of Russia's invasion of Ukraine, the fallout of the war is hitting Nigerians hard.
In Nigeria, where more than half of the population of 200…
Finance bill: Higher education tax, others raise concerns
The increase in Tertiary Education Tax (TET) and new taxes in the 2022 Finance Bill, which was passed by the National Assembly last week, have been described as another cause for concern for…
Nigeria generates N9.5 bn from electricity, gas VAT in nine-months
Business activities in Nigeria’s electricity and gas sector contributed N9.5 billion to Nigeria’s value-added tax basket in the first nine months of 2022, according to the latest data…