BUSINESS Archives - Page 29 of 36

Nigeria Introduces 5% Fossil Fuel Surcharge, See how It’s Works.0
- BUSINESS, SLIDE
- September 3, 2025
Nigeria Introduces 5% Fossil Fuel Surcharge, See how It’s Works. LAGOS, Nigeria – The Nigerian government has enacted a new 5% surcharge on fossil fuel products as part of the Nigeria Tax Administration Act, signed into law by President Bola Tinubu on June 26, 2025. Set to take effect on January 1, 2026, the
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Compressed Natural Gas (CNG) Price Soars Amid Subsidy Cuts And Long Queues 0
- BUSINESS, SLIDE
- September 3, 2025
Compressed Natural Gas Price Soars Amid Subsidy Cuts and Long Queues The cost of compressed natural gas (CNG) in Nigeria has surged dramatically, sparking mixed reactions among motorists and transport operators. A standard cubic metre (SCM) of CNG, which previously sold for N230, now goes for as high as N450 following a recent price review.
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Nigeria Ranks 116th In 2025 Good Governance Index, Misses Africa’s Top 5 0
- BUSINESS, SLIDE
- August 28, 2025
Nigeria Ranks 116th in 2025 Good Governance Index, Misses Africa’s Top Five Nigeria has been ranked **116th globally** in the 2025 edition of the **Chandler Good Government Index (CGGI)**, a comprehensive benchmark that evaluates the capability and effectiveness of governments across the world. The ranking, released by the **Chandler Institute of Governance (CIG)**, highlights Nigeria’s
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The Hidden Cost Of USSD: How Nigerians Are Losing Money To Failed Bank Transactions 0

The Hidden Cost of USSD: How Nigerians Are Losing Money to Failed Bank Transactions When **Chinyere**, a petty trader in Lagos, attempted to transfer ₦5,000 to her supplier using her bank’s USSD code, she assumed it would take only a few seconds. Instead, the transaction failed midway. Frustrated, she tried again. The second attempt

FAAC Shares N2 Trillion Among Federal, State And Local Governments For July 2025 0

FAAC Shares N2 Trillion Among Federal, State and Local Governments for July 2025 The Federation Account Allocation Committee (FAAC) has announced that it disbursed a total of N2 trillion among the three tiers of government for the month of July 2025. The disclosure was made during FAAC’s August meeting chaired by Wale Edun, Minister

Dangote Refutes Monopoly Allegations: My Money Is Clean, I Am Not Part Of The Corruption 0

Dangote Refutes Monopoly Allegations: My Money Is Clean, I Am Not Part Of The Corruption Africa’s richest man and president of Dangote Industries Limited, Aliko Dangote, has firmly rejected claims that his empire thrives on political influence and restrictive trade policies. Speaking in response to a feature published by Bloomberg on Thursday, the Nigerian billionaire