5% Fuel Surcharge Starts November 1 - FIRS
Nigerians brace for increased fuel costs as FIRS Chairman Taiwo Oyedele reveals new 5% import surcharge implementation timeline and tax reform plans.
Category : Search result: Corporate Average Fuel Economy
Business Verge Awards 2024: Honoring Nigeria's Top Entrepreneurs
The prestigious Business Verge Awards returns for its second edition, spotlighting exceptional Nigerian entrepreneurs and corporate excellence across multiple industries. Discover the nominees and event details.
Fuel Tax Delayed Until Naira Recovers, Oil Prices Fall
The Nigerian government delays controversial fuel tax implementation until economic conditions improve. Tax Chairman Taiwo Oyedele reveals the strategic pause awaiting naira appreciation and falling oil prices.
AI Giants Accumulate Massive Debt in Tech Race
Major tech corporations are accumulating unprecedented debt to finance artificial intelligence development, creating both opportunities and risks for emerging markets like Nigeria.
Fuel Crisis: Petrol May Hit ₦1000/Litre in Nigeria
Nigerians face potential petrol price surge to ₦1000 per litre as oil marketers warn of dire economic consequences unless President Tinubu addresses critical issues immediately.
APPNL Gets Dual Credit Rating Upgrades
Africa Prudential PLC receives simultaneous rating upgrades from two leading agencies, signaling strong financial health and enhanced market confidence in Nigeria's business services sector.
FG imposes 15% tariff on imported fuel, prices to rise
Nigerians face higher fuel costs as Federal Government introduces 15% levy on imported petroleum products. Learn how this tariff will impact petrol and diesel prices across the country.
Petrol May Hit ₦1,163/Litre in New FG Plan
Nigerians brace for tougher times as the Federal Government's new petrol tariff could push pump prices to unprecedented levels while aiming to generate massive revenue.
Julius Berger Subsidiaries Crown Champions in Sports Tournament
Julius Berger's subsidiaries concluded their action-packed annual sports tournament with intense finals in football, basketball, and table tennis, fostering teamwork and corporate wellness among employees.
APC's Emami Warns Against 15% Fuel Import Tariff
Prominent APC leader Henry Emami raises urgent concerns about Nigeria's planned 15% fuel import levy, predicting severe economic consequences including higher transportation costs and increased inflation for ordinary Nigerians.
CAC Registrar General Vows No Surrender to Pressure
The Corporate Affairs Commission takes a firm stand against coercion tactics, affirming commitment to lawful operations and regulatory integrity in Nigeria's business landscape.
Taxaide Technologies Appoints Emeka Obi to Board
Taxaide Technologies Limited, Nigeria's leading tax technology solutions provider, announces the strategic appointment of Emeka Obi to its Board of Directors, strengthening corporate governance and digital innovation.
Fuel Price War: Depot Owners Cut Rates to Match Dangote
Nigerian fuel depot owners have dramatically reduced petrol prices in response to competitive pressure from Dangote Refinery, bringing relief to consumers amid ongoing market shifts.
Tinubu imposes 15% tariff on imported fuel
President Tinubu's administration has introduced a 15% import levy on petroleum products, signaling major changes for Nigeria's energy sector and potentially affecting fuel costs across the nation.
Nissan Projects ₦2.6 Trillion Loss for 2025-26
Japanese automaker Nissan projects massive ¥180 billion operational loss for 2025-26 fiscal year. Company announces aggressive turnaround strategy including new models and cost reduction measures.
Tinubu Slashes Petrol Import Duty to 15%
In a major economic move, President Bola Tinubu has approved a significant reduction of import duty on petroleum products from 35% to just 15%, aiming to ease fuel costs and boost economic activities across Nigeria.
Segilola Resources Wins Second CIPM HR Award
Segilola Resources Operating Limited continues to set new standards in human resource management, securing its second consecutive CIPM award while transforming Nigeria's mining sector through exceptional workforce development.
Nigeria loses N6tr yearly to opaque oil deals - NEITI
Shocking revelations emerge as transparency watchdogs warn Nigeria is bleeding trillions through opaque oil incentives and questionable subsidy payments that lack proper documentation.
Gen Z's 'No Work Email After 7 PM' Reply Goes Viral
A bold email from a Gen Z employee refusing to answer work messages after 7 PM has taken social media by storm, sparking heated debates about work-life balance in modern corporate culture.
John Malone Steps Down From Media Empire Leadership
American billionaire media mogul John Malone announces strategic leadership transition, stepping aside for new generation to steer his vast business empire forward.
Students Demand Full Crude Allocation to Dangote Refinery
Nigerian student groups are urging President Tinubu to prioritize domestic refining by allocating all crude oil to Dangote Refinery, promising cheaper fuel and economic revival.
BASF Profit Dips 37%, Demands EU Cut Red Tape
German chemical company BASF reports significant profit drop, calls on European Union to reduce bureaucratic hurdles affecting business competitiveness in latest earnings report.
Nigerian firm donates generously to Lagos orphanages
In a remarkable display of corporate social responsibility, a leading Nigerian company has brought smiles to vulnerable children across Lagos orphanages with substantial donations of essential supplies and educational materials.
Nestoil Clarifies Receivership Situation with Lenders
Nestoil clarifies receivership situation, confirms lenders' action against subsidiary while maintaining business stability. Get exclusive details on the corporate development.
Lagos Blue Economy Strategy: Unlock Nigeria's Maritime Wealth
Experts reveal how adopting Lagos State's comprehensive blue economy framework could unlock Nigeria's massive maritime potential and transform coastal communities.
Sanusi: Delayed Subsidy Removal Caused Economic Crisis
Former CBN Governor Lamido Sanusi exposes how postponed fuel subsidy elimination triggered Nigeria's current economic hardship during Kaduna book launch.
Nigeria Needs Supportive Regulators for Treasury Excellence
Financial experts reveal how supportive regulators could transform Nigeria's treasury management landscape, driving economic growth and attracting crucial investments.
Boko Haram Forced Jonathan to Keep Fuel Subsidy - Sanusi
Former CBN Governor Sanusi Lamido Sanusi reveals how Boko Haram insurgency compelled President Goodluck Jonathan to reverse fuel subsidy removal in 2012, exposing the intricate link between terrorism and economic policy in Nigeria.
Court Freezes Nestoil Assets in $1B Debt Case
Federal High Court issues Mareva injunction against Nestoil, freezing company assets amid explosive $1 billion debt case with Sahara Energy. Legal battle reveals corporate financial tensions.
16 Vessels with Petroleum Set for Lagos Ports Arrival
Significant economic boost expected as 16 vessels carrying petroleum products, general cargo, and containers prepare to dock at Lagos ports this week, enhancing Nigeria's supply chain.
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