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    Home » Economic News » Page 4

    Category: Economic News

    ADC Urges Tinubu to Withdraw 15% Fuel Import Duty, Warns of Worsening Economic Hardship

    The African Democratic Congress (ADC) has called on President Bola Ahmed Tinubu to immediately withdraw the newly introduced 15 percent import duty on petrol and…

    Victor Adeyemi November 2, 2025
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    Nigeria’s Naira Hits 10-Month High Against the U.S. Dollar Amid Renewed Economic Confidence

    Nigeria’s national currency, the Naira, surged to its strongest level in ten months on Friday, October 31, 2025, closing at ₦1,421.73 per U.S. dollar at…

    Victor Adeyemi November 1, 2025
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    Fuel Tax to Remain on Hold Until Economic Conditions Improve — Oyedele Clarifies Government’s Position

    Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has assured Nigerians that the proposed 5% fuel surcharge, often referred…

    Victor Adeyemi October 31, 2025
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    Nigeria Absent as Four African Ports Make Lloyd’s 2025 Global Top 100 Ranking

    Nigeria’s major seaports have once again failed to feature in the 2025 Lloyd’s List of the world’s Top 100 Ports, highlighting the country’s persistent challenges…

    Victor Adeyemi October 29, 2025
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    Nigeria to Commission First Crude Export Facility in 50 Years

    Nigeria is set to commission its first crude oil export terminal in more than five decades, marking a milestone for the nation’s petroleum industry. President…

    Victor Adeyemi October 3, 2025
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    Nigeria among world’s poorest in trade

    Nigeria’s position in the global economic space has once again come under the spotlight as experts warn that the country continues to rank among the…

    Tolani Kehinde September 29, 2025
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    Suspension of Import Levy Saves Nigeria from Price Hike

    The Manufacturers Association of Nigeria has welcomed the government’s decision to suspend the 4 percent Free-on-Board import levy, describing it as a timely intervention that…

    Tolani Kehinde September 17, 2025
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    Naira Strengthens to N1,497/$ as FX Inflows and Reserves Rise

    The Nigerian naira made a strong comeback on Monday, regaining ground against the United States dollar and closing below the N1,500 mark for the first…

    Tolani Kehinde September 16, 2025
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    FG Halts 4% Levy on Imports

    The Federal Government has stepped back from the recently introduced 4 percent Free on Board charge on imported goods, offering relief to traders, businesses, and…

    Tolani Kehinde September 16, 2025
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    Nigeria Records 40% Growth in Non-Oil Revenue

    The Presidency has announced that Nigeria is witnessing one of its strongest fiscal performances in recent history, with non-oil revenues surging by over 40 percent…

    Tolani Kehinde September 4, 2025
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