ECONOMY

Louisa Olaniyi Business Network > Blog > ECONOMY

No Reversal: New Tax Laws to Start January 1, Says Presidency

November 14, 2025
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Tinubu, ECONOMY, News

Tinubu Shifts 15% Fuel Import Duty to Q1 2026

The Federal Government has approved the postponement of the implementation of the 15 per cent import duty on petrol and diesel until the first quarter of 2026, contrary to...

Senate Applauds Tinubu, Security Agencies for Rapid Abduction Response

November 12, 2025
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ECONOMY, News

NNPCL Must Return N210trn Unaccounted Funds to Federation Account–Senate

The Senate on Tuesday insisted that the N210 trillion which had not been accounted for by the Nigerian National Petroleum Company Limited (NNPCL), must be refunded to the Federation...

November 8, 2025
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ECONOMY, innovation, Lagos state, News

Lagride Launches Low-Cost Omni to Disrupt Korope Transport in Lagos

Lagos’ leading smart mobility platform has launched the Lagride Omni, a low-cost, air-conditioned shared-ride service designed for offices, churches, schools, and large groups. The Omni represents a major step...

November 7, 2025
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CRIME, ECONOMY, NDLEA, News

Five Drug Barons Jailed 21 Years as NDLEA Seizes Luxury Cars, Cash in Lagos

Five members of some international organized criminal groups (IOCG) recently arrested by operatives of the National Drug Law Enforcement Agency (NDLEA) in connection with the seizure of 68.9 kilograms...

Senate orders NAFDAC to enforce sachet ban

November 6, 2025
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NAFDAC, ECONOMY, News

Senate Orders NAFDAC to Enforce Sachet Alcohol Ban from December 2025

The Senate has directed the National Agency for Food and Drug Administration and Control (NAFDAC) and other relevant regulatory bodies to strictly enforce the ban on the packaging of...

Nigerians Will Reward President Tinubu With Re-Election In 2027, Says Sanwo-Olu

November 5, 2025
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ECONOMY, News, Politics

Senate Receives Tinubu’s Request for N1.15trn Loan

President Bola Tinubu on Tuesday sought the approval of the Senate to borrow N1.15tn from the domestic debt market to finance part of the deficit in the 2025 national...

Passengers Protest Airlines’ Dollar-Only Ticket Sales

November 5, 2025
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ECONOMY, News

Passengers Protest Dollar-Only Ticket Sales by Airlines

As the yuletide approaches, air passengers in Nigeria have expressed deep dissatisfaction over the continued sale of flight tickets in foreign currencies, particularly the US dollar. Many passengers fear...

UK’s MOBILIST Sells InfraCredit Shares to Nigerian Pension Funds

November 4, 2025
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Business, ECONOMY, News

UK’S MOBILIST FACILITATES SECONDARY SALE OF LISTED SHARES IN INFRACREDIT

The UK’s MOBILIST programme on 3rd November, successfully traded its investment in Nigerian credit guarantee company InfraCredit to five Nigerian pension funds, thereby helping to mobilise more local institutional...

SEC Partners with CBN, EFCC to Track and Freeze Illicit Digital Wallets

October 31, 2025
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EFCC, ECONOMY, finance, News, SEC

SEC, CBN, EFCC Partner to Freeze Illicit Digital Wallets

The Securities and Exchange Commission (SEC) has announced a partnership with the Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) to trace and freeze...

Tinubu Introduces 15% Import Duty on Petrol, Diesel to Boost Local Refining

October 30, 2025
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ECONOMY, News, Tinubu

Tinubu Approves 15% Import Duty on Petrol, Diesel

President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria. The initiative is aimed at protecting local refineries...