Esther Ososanya ActionAid Nigeria has urged the Federal Government to suspend its proposed 5% surcharge on fossil fuel transactions, warning that the policy could damage the country's fragile economic recovery and worsen inequality. The new levy, introduced in Section 158 of the recently gazetted Nigeria Tax Act, is scheduled to take effect in 2026. It …
By Esther Ososanya The Nigeria Customs Service (NCS) has launched a new Handbook on Import and Export Procedures for Renewable Energy Equipment to simplify Nigeria’s trade in clean energy goods and strengthen global partnerships that promote sustainable development. At the official launch in Abuja, Comptroller-General of Customs, Adewale Adeniyi, reaffirmed the agency’s commitment to efficient …
By Esther Ososanya Nigeria imported N146.11 billion worth of motorcycles in the first quarter of 2025, a surprising 24.4% increase from the N117.4 billion spent in the same period of 2024, according to the latest Foreign Trade in Goods Statistics released by the National Bureau of Statistics (NBS). The motorcycles, identified by the NBS as …
By Esther Ososanya U.S. President Donald Trump has granted Mexico a crucial 90-day reprieve from sweeping new tariffs, offering a temporary lifeline for one of America’s biggest trading partners while ramping up pressure on other countries to strike last-minute deals ahead of a new trade deadline. The extension announced after a Thursday morning call between …
By Esther Ososanya U.S. job growth slowed sharply in July, with nonfarm payrolls increasing by just 73,000 jobs, well below the 110,000 forecasted by economists polled by Reuters. The shortfall is even more concerning when paired with a sharp downward revision of June’s data, which now shows only 14,000 jobs were added that month, compared to the previously reported …
By Esther Ososanya Galatasaray has made history by completing a €75 million permanent transfer for Nigerian striker Victor Osimhen from Napoli shattering the Turkish Super Lig transfer record and sending a clear message ahead of the new European season. The fee eclipses the league’s previous record Fenerbahçe’s €20 million move for Youssef En-Nesyri by a staggering 275%, making Osimhen not …
By Esther Ososanya Operatives of the Police Command have arrested one David Moses, a security guard working in a school, for allegedly conspiring with his friend, Sunday Irimiya, who is on the run, to murder a carer and a toddler entrusted to her care. A statement from the command said on 23rd July 2025, the …
By Esther Ososanya The U.S. Federal Reserve may be forced to delay cutting interest rates until at least October after fresh inflation data revealed that tariff-driven price increases are reigniting consumer costs across multiple sectors, complicating the central bank’s battle to restore price stability. The Personal Consumption Expenditures (PCE) price index, the Fed’s preferred inflation …
By Esther Ososanya The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reaffirmed its support for suppliers and distributors in the petroleum sector, describing their role as vital to Nigeria’s energy security and economic development. Speaking at the Annual General Meeting of the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) in …
By Esther Ososanya The National Oil and Gas Suppliers Association of Nigeria (NOGASA) has issued a cautionary appeal to the Dangote Refinery, urging the industrial giant to reconsider its entry into direct fuel distribution, which the association says poses a significant risk to the survival of thousands of small and medium-scale oil marketers across Nigeria. …
