No intention to discontinue new Naira notes, says CBN
The Central Bank of Nigeria (CBN) has dismissed a report on the planned phase-out of the new Naira notes from circulation. The Acting Director of Corporate Communications for CBN, Isa...
Lagos State Governor, Sanwo-Olu, receives electric buses for mass transit scheme
The Lagos State Governor, Babajide Sanwo-Olu, has confirmed the arrival of the first batch of electric buses in Lagos, signaling a shift towards sustainable transportation solutions in the city. This...
FG re-introduces 5% excise duty on telecoms services
The Nigerian Federal Government has announced the re-implementation of a 5% excise duty on telecommunications services, bringing forward the start date of the levy. The additional tax on telecom services...
Indomie faces investigation for potentially cancer-causing chemicals
Following reports of cancer-causing compounds found in Indomie noodles in Malaysia and Taiwan, the popular brand in Nigeria will face an investigation into the safety of its products. According to...
Beer, wine, imported vehicles, etc. to become costlier as FG introduces new taxes
The Nigerian Federal Government has recently imposed a new set of taxes, targeting products such as beer, imported vehicles, and single-use plastics. Additionally, the list of banned imported items has...