Business
China Hits Back with 84% Tariff on US Imports as Trade Tensions Soar
China retaliates with an 84% tariff on US imports after President Trump’s 104% tariff on Chinese goods, sparking global market concerns.
9 April 2025
Tag: Tax
Breaking News
Trump Imposes 14% Tariff on Nigerian Exports to the U.S.
U.S. President Donald Trump has announced a 14% tariff on Nigerian exports, citing trade imbalance. The new policy impacts over 50 countries and sparks global trade concerns.
3 April 2025
Business
FG Approves Two-Year Tax Break On Pharmaceutical Raw Materials
Nigeria exempts pharmaceutical raw materials from import duties and VAT for two years to boost local drug production and reduce healthcare costs.
27 March 2025
Business
CBN Interest Rate Hike Squeezes Nigerian Consumer Goods Companies
Nigerian consumer goods companies are struggling as CBN’s interest rate hike drive borrowing costs to record highs.
13 March 2025
Business
MTN Nigeria Records N400.4 Billion Loss in 2024 Despite 35.9% Revenue Growth
MTN Nigeria posted a N400.4 billion loss in 2024, driven by naira devaluation and forex losses, despite 35.9% revenue growth to N3.3 trillion.
28 February 2025
Breaking News
House of Representatives Softens Stance on Tax Reform Bills
House of Representatives has advanced the Tax Reform Bills to public hearing, softening earlier opposition and addressing key concerns about VAT
13 February 2025
Politics
NGF Endorses Tax Reform Bills as President Tinubu Lauds Support
Nigeria Governors’ Forum endorses President Tinubu’s tax reform bills, signaling a significant step toward economic rejuvenation and national development.
18 January 2025
Politics
Northern Groups Reject Tax Reform Bills, Citing Economic and Regional Concerns
Coalition of Northern Groups and civil society organizations reject President Tinubu’s tax reform bills, warning of economic hardship
10 January 2025
Business
NACCIMA Urges President Tinubu to Implement Tax Reforms
NACCIMA calls on President Tinubu’s administration to lower corporate tax to 19% and VAT to 7.5% while fostering private sector
6 January 2025
Politics
Gbadebo Rhodes-Vivour Criticizes Tinubu’s Economic Reforms
Labour Party’s Gbadebo Rhodes-Vivour criticizes President Tinubu’s economic reforms, claiming they benefit only the elite
3 January 2025
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