Tax MoU: The Only Mistake France Made Was Codifying Our Requests for Assistance – Oyedele The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Professor Taiwo Oyedele, has stated that the only error committed by France in the landmark Memorandum of Understanding (MoU) aimed at strengthening bilateral cooperation and advancing the digital transformation …
Canada’s annual inflation rate remained at 2.2% in November, unchanged from October, Statistics Canada reported on Monday. The steady rate was primarily driven by rising food prices, which increased at their fastest pace in more than two years. A year-on-year drop in gasoline and shelter costs partially offset the food price surge. November marked the …
A Peoples’ Democratic Party (PDP) chieftain, Funso Doherty, has raised the alarm over an alleged ₦400 billion misstatement in Lagos State's 2026 budget. Doherty, a governorship aspirant in Lagos State, flagged this in an open letter. ‘Re: Lagos State Government’s 2026 Proposed Budget’, dated Thursday, December 11, 2025, and reportedly addressed to the Speaker of …
Nigeria’s headline inflation rate fell to 14.45 per cent in November 2025, down from 16.05 per cent in October, marking the lowest level in five years, the National Bureau of Statistics (NBS) reported on Monday. The November Consumer Price Index (CPI) data indicates a 1.6-percentage-point decline month-on-month, continuing a sustained downward trend that began in …
Nigeria’s external reserves have witnessed a surge in recent times, reaching a seven-year high of $46.7 billion as of November 14. According to the Central Bank of Nigeria (CBN), the figure can provide 10.3 months of import cover in goods and services. The CBN Governor, Olayemi Cardoso, hinted at this at the 20th Anniversary of …
Nigeria’s crude oil production recorded a slight increase from 1.401 million barrels per day (bpd) in October to 1.436 million bpd in November 2025. This reflects a 35,000 bpd month-on-month increase. This is according to the Organisation of Petroleum Exporting Countries (OPEC) Monthly Oil Market Report (MOMR) released on Thursday, December 11. OPEC said the …
The trade agreement between the United States and Indonesia is at risk of collapsing following renewed tensions over commitments made by Jakarta, according to a senior U.S. official. The official said Indonesia had backtracked on parts of the deal reached in July, noting that elements previously agreed upon are now being questioned. The remarks were …
The Federal Government has directed Ministries, Departments and Agencies (MDAs) to defer 70 per cent of their 2025 capital allocations into the 2026 fiscal year. It gave the order in the 2026 Abridged Budget Call Circular, reportedly issued by the Ministry of Budget and Economic Planning to ministers, service chiefs, and heads of agencies. This …
Nigeria must move decisively from rhetoric to action if it hopes to tackle poverty, soaring debt, and weak economic growth. That was the stark warning issued by the Economic Advisory Council (EAC) of the Nigerian Economic Summit Group (NESG) during its third quarterly interactive session with journalists and stakeholders in Abuja. At the high-level meeting, …
As registration for the 2025 licensing round continues, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has listed 50 oil blocks covering onshore, shallow water, and deep offshore areas. The Commission, which launched the 2025 licensing round on December 1, announced a slash of signature bonus to between $3 million and $7 million as approved by …
