Economic

Latest Economic News

House of Representatives Rejects VAT Increase, Retains 7.5%

The House of Representatives has voted to retain VAT at 7.5%, rejecting

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MTN Nigeria to Build New Headquarters in Eko Atlantic

MTN Nigeria has officially announced plans to construct its new headquarters in

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Tax Reform Bill Gets 100% Approval At House Of Reps

The House of Representatives has formally adopted the Tax Reform Bill as

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TETFund to Allocate N2.8bn to Each Public University in 2025

The Tertiary Education Trust Fund (TETFund) has announced its 2025 disbursement plan,

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NERC Inaugurates Grid Code Review Panel to Strengthen Power Sector Operations

The Nigerian Electricity Regulatory Commission (NERC) has inaugurated the Grid Code Review

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Lagos GDP Reaches $259 Billion, Now Africa’s Second-Largest Economy

Lagos State’s Gross Domestic Product (GDP) has reached $259 billion, based on

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Lagos Unveils 2025 Economic Development Update, Targets Revenue Growth

The Lagos State Government has launched the 2025 Lagos Economic Development Update

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Housing Ministry to Launch ‘Uber for Artisans’ Platform for Skilled Workers

The Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, has

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Fire Guts Alesinloye Market in Ibadan

An early morning fire at Alesinloye Market, Ibadan Southwest, destroyed goods worth

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Naira rises to N1,565/$ in parallel market

The Naira yesterday appreciated to N1,565 per dollar in the parallel market

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