ECONOMY

Louisa Olaniyi Business Network > Blog > ECONOMY

Petrol Price Rises 643% in 3 Years, Hits N1,300 per Litre

January 31, 2026
Admin User
ECONOMY, News

Crude Surge Pushes Petrol Price Towards N1,000/Litre – Marketers

Fuel marketers have warned that the pump price of Premium Motor Spirit (petrol) may climb to N1,000 per litre in the coming days following the sharp rise in global...

Monday Sit-at-Home Costs Anambra N8bn Weekly — Commissioner

January 27, 2026
Admin User
ECONOMY, News, Politics, SECURITY

Anambra loses N8bn weekly to Monday Sit-at-Home – Commissioner

The Anambra State Government has revealed that the state loses about N8 billion weekly, while the entire South-East region loses an estimated N19.6 billion every week, due to the...

Owing Tax in Lagos? LIRS May Collect Directly from Your Bank or Tenant

January 26, 2026
Admin User
ECONOMY, Lagos state, News

Owing Tax in Lagos? The State May Collect From Your Bank or Tenant

A new kind of alert has been making the rounds across WhatsApp groups and office status updates in Lagos: the state government is changing how it collects overdue taxes....

FG orders banks, fintechs to collect 7.5% VAT on electronic service fees

January 15, 2026
Admin User
finance, ECONOMY, News

FG directs banks, fintechs to collect VAT on electronic service fees

The Federal Government has directed all banks and fintech companies to collect and remit a 7.5 per cent value-added tax (VAT) on certain electronic banking services, with effect from...

January 13, 2026
Admin User
finance, ECONOMY, News

Savings in Bank Accounts Not Taxable, Only Profits – NRS Boss

The Executive Chairman of the Nigeria Revenue Service (NRS), Dr Zacch Adedeji, on Tuesday sought to calm public fears over the new tax laws, insisting that neither the old...

Okpebholo Halts Edo Central School Resumption After Violent Protest

January 12, 2026
Admin User
ECONOMY, News, SECURITY

Okpebholo Postpones School Resumption in Edo Central

The Edo State Government has announced the postponement of the resumption date for all public and private schools in Edo Central Senatorial District. In a statement on Monday, the...

January 10, 2026
Admin User
finance, ECONOMY, News, Politics

Tinubu, Shettima Set to Spend N9.3bn on Travels, Food in 2026 Budget

President Bola Tinubu and Vice President Kashim Shettima are projected to spend a combined N9,364,349,417 on local and foreign travels, as well as food and refreshments, in the 2026...

January 9, 2026
Admin User
NCC, ECONOMY, finance, News, TELECOMS, Trending Stories

Banks, Telcos Face March Deadline on Failed Airtime Refunds

Banks and telecommunications operators in Nigeria have been given a March 1, 2026, deadline to fully implement a new refund framework aimed at resolving persistent consumer complaints over failed...

Tax Update: Nigerians to Self-Declare Income, Banks Won’t Be Automatically Debited

December 31, 2025
Admin User
ECONOMY, News

No Automatic Bank Deductions Under New Tax Laws – Oyedele

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, has assured Nigerians that the new tax laws scheduled to take effect on January...

Ban on Mass Motorcycle Movement Called for, Amid Rising Security Concerns

December 31, 2025
Admin User
ECONOMY, News

New tax laws to take effect Jan 1 as scheduled – Presidency

The Federal Government has reaffirmed that Nigeria’s new tax laws will commence as scheduled on January 1, 2026, including those that already took effect on June 26, 2025. The...