Nigeria’s Inflation Rate Drops to a Seven-Month Low – Legal and Economic Implications for Businesses and Consumers
In the ever-evolving economic landscape of Nigeria, where inflation has been a major concern for businesses and households alike, a significant shift has recently emerged. The National Bureau of Statistics (NBS) revealed a remarkable drop in the country’s inflation rate to 24.48% in January 2025, down from the 34.80% recorded in December 2024.
DStv Subscription Fee Hike: MultiChoice’s 21% Increase and the Legal and Economic Ramifications
As Nigeria faces an ongoing economic climate of high inflation and reduced purchasing power, MultiChoice, the operator behind DStv, has raised its subscription fees by 21%.
Airtel’s Latest Move: What the Data and Call Rate Hike Means for Nigerians
The recent announcement by Airtel Nigeria to hike its data and call rates has stirred quite a storm of reactions across the country. With the ever-growing reliance on mobile services for communication, business, and social interaction, this move has left many Nigerians questioning how this will impact their daily lives and, indeed, their wallets.
Imported Inflation: A Rising Storm for Price Stability in Nigeria – Insights from MPC Member
In the complex web of global economics, one issue is casting a long shadow over Nigeria’s economic outlook – imported inflation. For a country already grappling with high inflation rates, this external economic pressure adds a new layer of complexity to the government’s efforts to stabilize the economy.
The Crucial Mandate: Oil Firms Face Export Permit Risks Unless Local Refineries Are Supplied
The Nigerian oil sector, one of the country’s most vital economic pillars, is currently facing a pivotal challenge that could reshape the dynamics between oil firms and local refineries. The National Upstream Petroleum Regulatory Commission (NUPRC) has recently issued a stern warning to oil companies operating in the country: supply the nation’s refineries with a sufficient amount of crude oil, or face the revocation of their export permits. This move is indicative of the regulatory body’s commitment to ensuring that Nigeria’s refining capacity is revived, a crucial step toward reducing the nation’s over-reliance on fuel imports.
Securing Trust in Nigeria’s Banking System: NDIC Partners with ICAN to Boost Deposit Insurance Awareness
In a groundbreaking development for Nigeria’s financial landscape, the Nigeria Deposit Insurance Corporation (NDIC) has endorsed a new deposit insurance module as part of the Institute of Chartered Accountants of Nigeria (ICAN) curriculum.
Plateau Taskforce Foils Child Trafficking Plot: Two Children Rescued, Suspect Arrested
In a significant development that has once again highlighted the ongoing issue of human trafficking in Nigeria, the Plateau State Taskforce on Human Trafficking recently intercepted two children who were being trafficked from northern Nigeria to Lagos. The authorities managed to apprehend a suspect believed to be involved in the illegal transportation of these children, raising important questions about the complex nature of human trafficking and the measures being taken to address this growing concern.
Hunger Crisis: President Tinubu Faces Growing Calls to Review Food Import Waiver Policy
In recent months, Nigeria has faced a sharp rise in food prices, leading to significant hardship for millions of its citizens. This increase in food costs has exacerbated an already troubling situation, leaving many Nigerians struggling to afford basic staples. Amid these rising challenges, there is growing pressure on President Bola Ahmed Tinubu’s administration to revisit its food import waiver policy, which many critics argue may be contributing to the nation’s food insecurity.
Nigerian Telcos Demand 100% Tariff Increase: Will NCC Approve the Skyrocketing Hike?
The country’s telecom giants, including MTN, Airtel, Glo, and 9mobile, have made an unprecedented push for a 100% increase in service tariffs. But the real question on the minds of millions of Nigerians is: Will the Nigerian Communications Commission (NCC) approve this tariff hike?
Navigating Nigeria’s Tax Reform Crisis: A Suspended Reality
Tax reform has always been a sensitive and pivotal aspect of governance in Nigeria. For a country teeming with vibrant entrepreneurs, a growing middle class, and industries brimming with potential, the conversation about taxes and how they should be levied, collected, and utilized often draws sharp scrutiny.
