Business News

TUC Proposes Raising Tax Exemption Threshold from ₦800,000 to ₦2.5m

The Trade Union Congress of Nigeria (TUC) has proposed increasing the annual tax exemption threshold from N800,000 to N2.5 million, citing the need...

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FID: Nigeria Ranks Top in Africa with $13.5b Oil, Gas Investments

Nigeria has topped African oil producers with three out of four Final Investment Decisions (FIDs) by global oil and gas majors domiciled in...

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Portugal Plans Nigeria, US Gas Imports to End Russian Supply

Portugal has indicated plans to increase the purchases of Liquefied Natural Gas from Nigeria and the United States as part of efforts...

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Reps fault NBET’s Planned ₦705b Subsidy on Electricity

The House of Representatives Committee on Finance on Tuesday queried the justification for the N705 billion proposed by the Nigerian Bulk Electricity...

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FG Approves Licence for 10,000 Barrels Per Day Refinery

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has announced the approval of a licence for the construction...

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Oil Steady as Investors Watch Trump 2.0 Policies

Oil prices were little changed on Wednesday as markets weighed U.S. President Donald Trump’s declaration of a national energy emergency on his...

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CAC Targets 30-minute Company Registration Timeframe Aided by AI

The Registrar-General/Chief Executive, Corporate Affairs Commission (CAC), Hussaini Magaji, yesterday said all business registration with the commission would soon be fully driven...

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