Italian Prime Minister Giorgia Meloni has unveiled a new initiative to help ease the debt burdens ofvulnerable African nations by converting their debts into development investments, the Italiangovernment said during talks tied to the 39th African Union (AU) Summit in Addis Ababa, Ethiopia. Speaking at the summit, Meloni said Italy’s programme, operating under its broader…
Dangote Petroleum Refinery has announced an upward adjustment in the price of Premium Motor Spirit (PMS) otherwise known as petrol with MRS Oil Nigeria Plc retail outlets now selling petrol at N839 per litre nationwide. The adjustment follows the conclusion of a temporary festive price support intervention introduced by the Refinery to cushion Nigerians during…
European leaders issued strong criticisms and coordinated responses after U.S. President Donald Trumpannounced plans to impose tariffs on several European countries over their opposition to his bid toacquire Greenland.Trump’s announcement last weekend on his social media platform detailed plans to impose a 10percent tariff on goods from Denmark, Norway, Sweden, France, Germany, the United Kingdom,…
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has explainedthe reason behind the delay in issuing implementation guidelines for Nigeria’s newly enacted tax laws.Oyedele spoke on Wednesday in Lagos during the 2026 Economic Outlook event organised by theInstitute of Chartered Accountants of Nigeria (ICAN). Addressing accountants, policymakers and business leaders,…
Nigeria’s headline inflation rate rose to 15.15 percent in December 2025, marking the first uptick ineight months after a period of steady moderation, the National Bureau of Statistics (NBS) reported in itslatest Consumer Price Index (CPI) release on Thursday.According to the NBS report, the CPI index rose to 131.2 points in December 2025, up 0.7…
President Bola Ahmed Tinubu has addressed world leaders and international stakeholders at the 2026Abu Dhabi Sustainability Week (ADSW) Summit, highlighting Nigeria’s commitment to climate action,sustainable development and green finance.The summit, a global forum that brings together heads of state, policymakers, business leaders andexperts to discuss strategies for addressing climate change and fostering sustainable economic growth,is…
The leadership of the National Revenue Service (NRS) and top officials of KPMG Nigeria, a global professional services firm, yesterday held a high-level meeting to address concerns and disagreements arising from the implementation of Nigeria’s new tax laws. The meeting, which took place in Abuja, came amid an intense debate within Nigeria’s business and professional…
U.S. President Donald Trump has announced that further large-scale military action against Venezuela iscurrently unnecessary, citing improved cooperation from Venezuelan authorities on oil infrastructureand the release of political prisoners as key factors in his decision to cancel a planned second wave ofattacks.The announcement comes amid rapidly evolving U.S., Venezuelan relations following a controversialU.S. operation earlier…
The Nigeria Labour Congress (NLC) has warned the Federal Government that the new tax laws could worsen poverty and deepen hardship among Nigerian workers and the poor if they are not urgently reviewed. NLC President, Joe Ajaero, raised the concern in Abuja at the book launch and 85th birthday celebration of former NLC President, Hassan…
The United States government has put forward a set of preconditions to Venezuela’s interim leadershipregarding the reactivation and expansion of Venezuelan oil production, including demands that Caracassever economic and strategic ties with China, Russia, Iran and Cuba and agree to exclusive cooperationwith U.S. oil firms, according to an ABC News report citing sources familiar with…
