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      A destroyed home in Bindi community, Plateau State, after a deadly night attack by suspected Fulani militias.

      20 killed in fresh attack on Plateau state community

      July 15, 2025
      INEC Chairman Mahmood Yakubu and PDP leaders

      INEC, PDP hold crucial talks over national secretary crisis

      June 24, 2025
      Israel-Iran conflict

      BREAKING: Israel launches strike on Tehran minutes after ceasefire

      June 24, 2025
      President Bola Tinubu, Tony Elumelu and others

      Tinubu pledges action on GenCo debts, urges patience amidst power sector liquidity crisis

      5 minutes ago
      Lagos State Governor Babajide Sanwo-Olu

      Lagos ranked second-best nightlife city in Africa

      5 hours ago
      Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar

      FG moves to repatriate citizens stranded in Central African Republic

      6 hours ago
      Portrait of Emir Ibrahim Bello, who passed away at 71 after a long illness.

      Emir of Gusau, Ibrahim Bello, dies aged 71 after long illness

      6 hours ago
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      Professor Nentawe Yilwatda speaks on Channels TV about his leadership approach as APC National Chairman.

      Yilwatda promises bold moves, eyes more opposition govs

      July 24, 2025
      APC National Chairman Nentawe Yilwatda

      UPDATED: Nentawe Yilwatda succeeds Ganduje as APC National Chairman

      July 24, 2025
      Professor Nentawe Yilwatda speaks on Channels TV about his leadership approach as APC National Chairman.

      Yilwatda: 10 things to know about Humanitarian minister turned APC national chair

      July 24, 2025
      Prof. Nentawe Yiltwada

      APC replaces Ganduje with Humanitarian Affairs Minister, Yiltwada  

      July 24, 2025
      Osun gov Ademola Adeleke

      APC rejects Adeleke due to widespread concerns – Chieftain

      July 24, 2025
    • Sports
      Shehu Dikko announces President Tinubu's approval of full payments for Super Falcons ahead of WAFCON 2025 final.

      Tinubu approves full payment of Super Falcons’ allowances ahead of WAFCON final

      6 hours ago
      Venus Williams

      Venus Williams, 45, makes historic comeback win at DC Open

      July 23, 2025
      President Tinubu

      ‘Bring home the trophy’ – Tinubu urges Super Falcons after semi-final win

      July 23, 2025
      Michel Platini

      Burglars steal trophies and medals from Michel Platini’s home

      July 20, 2025
      Usyk

      Usyk knocks out Dubois to become undisputed heavyweight champion

      July 20, 2025
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      Tesla

      Tesla warns Trump’s trade war could hurt U.S automakers

      March 14, 2025
      38 hurt as United flight from Nigeria to D.C. experiences 'unexpected aircraft movement,' officials say

      United Airlines faces scrutiny after second incident on Lagos-D.C route

      January 27, 2025

      Emirates lures Nigerian travellers with transit visa

      October 31, 2024
      Aliko Dangote questions viability of Nigeria’s state-owned refineries after \$18bn spent.

      Dangote refinery set to determine petrol price from October 

      September 6, 2024
      Amid economic woes, mixed reactions trail lingering rent hikes

      Amid economic woes, mixed reactions trail lingering rent hikes

      February 11, 2025

      UK mortgage approvals unexpectedly drop

      January 4, 2025

      Types of houses N50m can buy in Lagos

      December 8, 2024
      Tinubu

      Northern Nigeria’s development key to national prosperity – Tinubu

      November 19, 2024
      VAT

      New Nigeria tax Act exempts baby products, electricity, EVs, others from VAT

      5 hours ago

      Oyedele: Delay in tax reforms cost Nigeria $1trn economy status

      July 22, 2025

      FG targets major revenue boost, transparency through national single window

      July 22, 2025
      Kashim Shettima

      Shettima: Deforestation threatens Nigeria’s economy, global trade access

      July 21, 2025
    • Health
      WHO office

      WHO declares Timor-Leste free from Malaria

      July 24, 2025
      €18m EU grant to boost Nigeria’s vaccine sovereignty

      €18m EU grant to boost Nigeria’s vaccine sovereignty, end dependency — Adigwe

      July 23, 2025
      Fresh tomatoes stored in the fridge

      Why you should never store tomatoes in the fridge

      July 23, 2025
      UK's PM Starmer

      UK aid cuts will hit women, girls, Africa hardest, govt admits

      July 23, 2025
      Kogi State govt

      Kogi govt boosts fight against malnutrition with new treatment protocols, expanded health coverage

      July 22, 2025
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      Tinubu

      Power for Power’s Sake: The Pretenders Behind ADA and 2027

      June 22, 2025
      Atiku abubakar, Rotimi Amaechi, peter obi, Nasir El-Rufai

      Futility of selfish coalitions: When disgruntled politicians gang up against progress

      May 26, 2025
      Ondo state map

      OPINION: Governor Aiyedatiwa, insecurity is killing us

      May 16, 2025
      Calabar Highway

      When vision looks like madness: Burden of big Ideas, leadership

      May 12, 2025
      Security operatives stationed at the National Assembly gate amid Senator Natasha Akpoti-Uduaghan’s planned return.

      ‘I will be there’: Senator Natasha vows to resume at Senate on Tuesday

      July 20, 2025
      Nyesom Wike speaks on Peter Obi's Presidential ambition at a church event in Abuja.

      Federal Capital Territory sees development boost under Wike

      July 15, 2025
      Ireti Kingibe

      Senator Ireti Kingibe dumps Labour Party for ADC

      July 12, 2025
      Trump

      Trump hosts five African leaders at white house — Nigeria absent from table

      July 10, 2025
    • Tourism
      Ogun State Governor, Dapo Abiodun and Chief Nike Davies-Okundaye.

      Ogun govt projects rise in Olumo Rock Tourist visits to 100,000

      May 1, 2025
      Uncovering Nigeria’s Hidden Gems: Unique Tourist Destinations

      Uncovering Nigeria’s Hidden Gems: Unique Tourist Destinations

      January 24, 2025
      Calabar carnival

      Top highlights from Calabar carnival 2024: vibrant costumes, culture

      December 30, 2024

      Arts and Vibes showcases in Lagos to promote Northern Nigeria

      November 11, 2024

      UK Govt plans tourist tax for hotels, BnBs in England

      November 3, 2024
    • World News
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      US withdraws from Gaza ceasefire talks

      US withdraws from Gaza ceasefire talks

      11 hours ago

      Pope condemns Gaza war as 93 killed queuing for food aid

      July 21, 2025

      32 killed as Israeli troops open fire on aid seekers

      July 19, 2025
      Emmanuel Macron

      UN reschedules two-state summit without Macron

      July 14, 2025
      US withdraws from Gaza ceasefire talks

      US withdraws from Gaza ceasefire talks

      11 hours ago
      Australia

      Australia and UK sign 50-year defence pact

      11 hours ago
      Trump

      Trump and Powell clash over Fed renovation costs during rare visit

      11 hours ago

      Google unveils $37m initiative to boost AI innovation across Africa

      July 24, 2025
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      NEWCASTLE UNIVERSITY

      Fully funded postgraduate scholarships at Newcastle university UK – 2025/2026

      June 14, 2025
      ETH university building

      ETH Zurich invites applications for 13 fully funded PhD scholarships

      June 14, 2025
      Raphael Bruno

      Raphael Bruno, prolific Brazilian writer, actor, launches new book

      March 30, 2025

      Top Christmas books for the holiday season

      December 2, 2024

      Childbirth: A Sacrifice Worthy of Reward, Not Just Routine

      October 3, 2024
      Chandler Moore and other crew of Sons of Sunday worshipping

      Sunday morning playlist: Worship songs to listen to before church

      March 16, 2025
      Tems becomes first Nigerian female to win two Grammys

      Tems joins Sade Adu in historic Grammy feat

      February 3, 2025

      Spotify Wrapped 2024: The most interesting an

      November 29, 2024

      Update your Christmas playlist with these 2024 Christmas songs releases

      November 27, 2024
      UBEC Executive Secretary Dr. Aisha Garba addresses poor use of ₦250bn education funds by Nigerian states during financial management training.

      UBEC criticises states over N250bn unspent education funds

      July 21, 2025
      Peter Obi addressing supporters during a political event, highlighting his one-term presidency proposal ahead of the 2027 elections.

      Obi urges swift action on UNICAL dental crisis 

      July 20, 2025

      Makinde signals openness to reversing Ibadan Poly name change

      July 12, 2025

      Graduates’ ordeal getting transcripts from former institutions

      July 11, 2025
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    New Daily PrimeNew Daily Prime
    Home - Economy

    Economy

    VAT

    New Nigeria tax Act exempts baby products, electricity, EVs, others from VAT

    Economy 5 hours ago3 Mins Read

    Oyedele: Delay in tax reforms cost Nigeria $1trn economy status

    Economy July 22, 20254 Mins Read

    FG targets major revenue boost, transparency through national single window

    Economy July 22, 20254 Mins Read
    Kashim Shettima

    Shettima: Deforestation threatens Nigeria’s economy, global trade access

    Economy July 21, 20254 Mins Read
    Inflation

    Nigeria’s inflation drops to 22.22% in June

    July 16, 2025
    Bala Mohammed and Lucky Aiyedatiwa

    Aiyedatiwa, Bala partner on $2.6bn fertiliser, petrochemical deal

    July 11, 2025
    NGX hits record high as investors gain N1.8 trillion in one trading day.

    NGX hit historic high as investors gain N1.8tn in one day

    July 11, 2025
    President Tinubu pledges to reduce inflation and improve fiscal transparency through reforms and citizen engagement.

    Tinubu vows to tackle inflation, boost fiscal transparency

    July 7, 2025
    GDP image

    Nigeria’s debt service rises to 4.1% of GDP in 2024 – AfDB Report

    July 6, 2025
    NGX hits record high as investors gain N1.8 trillion in one trading day.

    NGX extends rally as 55 firms boost market

    Economy July 4, 20252 Mins Read

    The Nigerian Exchange (NGX) recorded its second consecutive gain on Thursday, buoyed by a strong performance from 55 companies including Academy Press, Berger Paints, Deap Capital, Guinea Insurance, and Unilever Nigeria. The All-Share Index (ASI) rose by 637.27 points or 0.53%, closing at 120,977.20, while market capitalisation jumped from ₦76.180 trillion on Wednesday to ₦76.583 trillion on Thursday, reflecting renewed investor confidence and robust buying interest. NGX data revealed a…

    Supreme court ,catholic group ,Wisconsin tax

    Trump to host five African leaders amid rising global competition

    World News July 3, 20253 Mins Read

    In a strategic move widely seen as an effort to counter growing Chinese and Russian influence on the African continent, U.S. President Donald Trump has announced an unexpected summit with five African heads of state. The meeting, set to take place at the White House on July 9, will bring together leaders from Gabon, Guinea-Bissau, Liberia, Mauritania, and Senegal, a White House official confirmed on Wednesday. According to the official,…

    Diesel

    Diesel prices rise to N1,758.26 in May 2025 — NBS

    Economy July 2, 20252 Mins Read

    The average retail price of Automotive Gas Oil, commonly known as diesel, rose by 25.24% in May 2025 compared to the same month last year, according to fresh data from the National Bureau of Statistics (NBS). Consumers paid an average of N1,758.26 per litre in May 2025, up from N1,403.96 per litre in May 2024. The NBS report titled “Automotive Gas Oil (Diesel) Price Watch” also revealed a marginal month-on-month…

    Naira notes

    Naira falls against major currencies – July 2, 2025 exchange rate update

    Economy July 2, 20252 Mins Read

    The Nigerian naira continued its decline against major global currencies today, Wednesday July 2, 2025, reflecting growing pressure on the local economy and foreign exchange market. According to data from the google finance  the official exchange rates are as follows: £1 (British Pound) = ₦2,101.87 $1 (US Dollar) = ₦1,533.75 €1 (Euro) = ₦1,813.40 ¥1 (Chinese Yuan) = ₦214.13 This marks one of the lowest valuations of the naira in…

    Court denies bail to CBEX operators in alleged $1bn fraud case

    Economy July 1, 20253 Mins Read

    The Federal High Court in Abuja has refused the bail applications of three promoters of Crypto Bridge Exchange (CBEX) over their alleged involvement in a $1 billion fraud. Presiding judge, Justice Emeka Nwite, delivered the ruling, stating that the evidence against the defendants was substantial. The defendants, identified as Adefowora Abiodun Olanipekun, Avwerosuo Otorudo, and Chukwuemeka Ehirim, are accused of obtaining over $1 billion fraudulently, an amount said to exceed…

    Tinubu, Benue

    Nigeria’s debt nears N150trn in Q1 2025

    Economy June 30, 20254 Mins Read

    Nigeria’s total public debt surged to N149.39 trillion by the end of March 2025, according to the latest figures released by the Debt Management Office (DMO). This represents a substantial increase of N27.72 trillion, or 22.8%, compared to the N121.67 trillion recorded in the first quarter of 2024. Quarter-on-quarter, the nation’s debt grew by N4.72 trillion, or 3.3%, from N144.67 trillion at the close of December 2024. READ ALSO: Obi: I’ll…

    Director-General of Pencom, Omolola Oloworaran

    Pension funds yet to optimise potential – PenCom boss

    Economy June 30, 20252 Mins Read

    The Director-General of the National Pension Commission (PenCom), Ms Omolara Oloworaran, has said.

    NGX Group executives and capital market leaders tour Dangote Fertiliser facility in Lagos ahead of its planned listing on the Nigerian Exchange.

    NGX group, stakeholders back Dangote fertiliser listing

    Economy June 27, 20252 Mins Read

    The Nigerian Exchange Group (NGX Group) and key capital market stakeholders have expressed strong support for the planned listing of Dangote Fertiliser Limited on the Nigerian Exchange, in what is expected to be a landmark move for the nation’s capital market. The development follows a recent strategic visit by the board and management of NGX Group—alongside stakeholders from across the capital market—to the Dangote refinery and fertiliser facilities located in…

    Femi Otedola

    Otedola applauds Tinubu for signing tax reform bills, says move will boost investor confidence

    Economy June 27, 20252 Mins Read

    Nigerian business mogul Femi Otedola has commended President Bola Tinubu for signing the tax reform bills into law. In a statement posted on his X page on Friday, he described the move as a significant step towards creating a more transparent, efficient, and investment-friendly economy. READ ALSO: Femi Otedola celebrates Aliko Dangote, hails him as Africa’s greatest entrepreneur Mr Otedola welcomed the reforms, noting that they would simplify Nigeria’s tax system,…

    NNPC Limited logo

    NNPC alleges sabotage plot by internal, external actors

    Economy June 27, 20252 Mins Read

    The Nigerian National Petroleum Company Limited (NNPC Ltd.) has raised the alarm over what it described as a calculated sabotage campaign orchestrated by a network of individuals, both within and outside the organisation. In a statement released on Friday, NNPC Ltd. said the group behind the scheme is deliberately spreading falsehoods and misinformation aimed at undermining the company’s leadership and discrediting its reform efforts. According to the management, “Their tactics…

    Minister of Finance, Wale Edun, speaking at the Second Quarter 2025 Citizens and Stakeholders’ Engagement Session in Abuja, highlighting Nigeria's revenue growth and economic reforms.

    FG revenue hits ₦6.9trn in four months -Edun

    Economy June 24, 20252 Mins Read

    Nigeria’s Federal Government recorded a revenue of ₦6.9 trillion between January and April 2025, marking a significant 40% increase from the ₦5.2 trillion generated during the same period in 2024. This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during the Second Quarter 2025 Citizens and Stakeholders’ Engagement Session on fiscal performance and reform outlook held in Abuja on Monday. Highlighting the administration’s…

    Kashim Shettima at the opening of the 4th African Union Micro, Small and Medium Enterprises (MSMEs) Forum

    Shettima urges integration of informal economy into Africa’s trade framework

    Economy June 23, 20254 Mins Read

    Vice President Kashim Shettima has called for the integration of Africa’s vast informal economy into the formal intra-African trade structure, stressing that the continent’s future prosperity hinges on this transformation. He spoke  on Monday at the opening of the 4th African Union Micro, Small and Medium Enterprises (MSMEs) Forum in Abuja. Mr Shettima emphasised that the African Continental Free Trade Area (AfCFTA) presents a vital opportunity to formalise the informal…

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