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Understanding the True Economic Impact of Nigeria’s 5% Petrol Tax

admin September 9, 2025

Nigeria Features – By Otunba (Dr.) Abdulfalil Abayomi Odunowo The announcement of a 5% petrol tax, set to take effect from January 2026 under the Harmonized Tax Act, has reignited a deeply critical conversation about the financial burdens borne by ordinary Nigerians amid persistently

Business

UK economy staggers

Harrison Mason August 14, 2025

United Kingdom UK economic growth slowed as US President Donald Trump’s tariffs hit and businesses grappled with higher costs, official figures show. A measure of everything produced in the economy, gross domestic product (GDP), expanded just 0.3% in the three months to June, according to the Office for National Statistics (ONS). UK economic growth slowed […]

News

As part of peace deal, Rwanda agrees to economic framework

Aaliyah Aamir August 3, 2025

Rwanda The Democratic Republic of the Congo (DRC) and Rwanda have agreed on terms of economic cooperation in several sectors, as the two countries move towards delivering on a peace deal signed in June. The tenets agreed on Friday summarise a regional economic integration framework, which includes elements of cooperation on energy, infrastructure, mineral supply chains,

Business

IMF: Senegal lauded for strengthening economy, reduce debt burden

Andrew Mbeki July 25, 2025

Senegal The IMF praised Senegal for acting to engage reforms to strengthen its economy, while also working with the IMF to clarify and amend it’s debt position after it uncovered misreporting of how much the African country owed creditors, Kozack said citing comments by the Fund’s First Deputy Managing Director Gita Gopinath. The IMF, a […]

Business

Nigeria’s solid minerals, key to economic prosperity – Elipse

Kingsley Chukwuka July 21, 2025

Nigeria Beneath the surface of Nigeria is a vast and largely untapped treasures of trove of solid minerals. The very foundation upon which a new era of economic prosperity can be built. This isn’t just about digging up rocks; it’s about building a nation on rock-solid foundations. This is the submission of a Mining company […]