Soaring duties, FX rates cripple Nigeria’s used-vehicle market
•As dealers lament sales slump By Glory Bassey Car dealers in Nigeria have lamented a sharp decline in vehicle sales, blaming soaring import duties, high exchange rate and rising cost of living as reasons why car ownership is increasingly becoming unaffordable for many Nigerians. A car dealer and importer, Mr Paul Uche, said the auto […]
Foreign Direct Investment loses ground despite surge in inflows
Against the backdrop of the declaration by the Federal Government that Nigeria’s economy has turned the corner to stability and recovery, going by some macroeconomic indicators, current trend in foreign investments inflow has indicated that foreign investors are yet to buy into the position.
Dangote Refinery, others cut petrol gantry price to N840 per litre
—As OPEC+ nations reaffirm commitment to oil market stability By Udeme Akpan, Energy Editor The Dangote Petroleum Refinery and other major depot operators have reduced the average gantry price of Premium Motor Spirit, PMS, to N840 per litre, down from N843 per litre. The price adjustment follows a decline in global crude oil prices, as […]
NGX closes week lower as investors lose N129bn
The NGX All-Share Index fell by 0.14 per cent to 143,520.53, while market capitalisation closed at N91.286.p trillion for the week.
Cardoso: Nigeria attracts $20.98bn foreign capital inflow in 10months
Nigeria recorded a major rebound in external investor confidence as foreign capital inflows surged to $20.98 billion in the first ten months of 2025, the highest in years, according to the Central Bank Governor, Mr. Olayemi Cardoso.
Nigeria posts 38% Company Income Tax growth in H1 2025 – NBS
Nigeria generated N4.76 trillion in company income tax (CIT) in the first half of 2025, marking a 38 per cent rise from the N3.45 trillion recorded in the same period of 2024, according to fresh data from the National Bureau of Statistics (NBS).
