Browsing Tag

Nigerias

Nigeria’s Airfare Taxes: Among the Highest in Africa

A recent study entitled AFRAA Taxes and Charges Study Review 2024 has shed light on a significant issue affecting travelers in Nigeria. The report highlights that Nigerians are paying an astonishing average of $180 in taxes and charges for each international flight, a figure that stands in stark contrast to the continental average of just $68. This disparity raises an important question: what does this mean for ordinary Nigerians who wish to explore the world or conduct business abroad? The financial burden,…

Can Nigeria’s Emerging Opposition Alliance Overtake Tinubu in 2027?

Nigeria's political landscape is once again stirring, as a group of formidable opposition leaders has come together to form a coalition under the banner of the African Democratic Congress (ADC). Among them are notable figures like Peter Obi, who made waves during his presidential campaign, and Atiku Abubakar, a seasoned political player. Their objective? To take on President Bola Tinubu in the upcoming 2027 elections. This coalition does not merely consist of a handful of politicians; it embodies a response to a populace…

Nigeria’s Potential Attracts Interest, But One Factor Worries Investors – Landmark CEO Onwuanibe

Evaluating the Impact of the Coastal Road Project on Landmark Beach and the Insights of Paul Onwuanibe In January 2025, a significant event unfolded along Nigeria's southern coastline—the demolition of Landmark Beach. This decision was part of a grander scheme orchestrated by the government, aimed at constructing a 700-kilometer coastal road that will eventually link the bustling city of Lagos with the serene state of Calabar. But what does this mean for the local economy, for tourism, and for the very…

Peter Obi Promises Another Bid for Nigeria’s Presidential Seat

In the dynamic landscape of Nigerian politics, the Labour Party's 2023 presidential candidate, Peter Obi, has declared his unwavering commitment to his supporters. He recently proclaimed his intention to contest against President Bola Tinubu once more in the upcoming 2027 election. Such announcements stir a mixture of hope and skepticism among the populace. Could Obi’s steadfastness transform Nigeria’s political narrative? While some might regard his promise as mere rhetoric, others see a glimmer of possibility in his…

Nigeria’s Public Debt Soars to ₦149.39 Trillion as Naira Declines

In an astonishing turn of events, Nigeria's public debt has surged, now reaching an unprecedented ₦27.72 trillion, marking an eye-watering 22.8% increase compared to the ₦121.67 trillion recorded during the same timeframe last year. This staggering growth invites immediate scrutiny: What are the driving forces behind this rapid expansion? According to the most recent figures from the Debt Management Office (DMO), the nation’s total debt has climbed by ₦4.72 trillion, or 3.3%, rising from ₦144.67 trillion at the…

Tinubu Enacts Four New Laws to Reform Nigeria’s Taxation Framework

In a significant move poised to reshape Nigeria's financial landscape, Bola Tinubu has recently ratified four pivotal pieces of legislation aimed at overhauling the country’s tax framework. These reforms are not mere bureaucratic adjustments; they are fundamental shifts intended to streamline revenue collection processes, alleviate the tax burden on select individuals and enterprises, and ultimately boost fiscal resources for government initiatives. The quartet of bills, comprising the Nigeria Tax Bill, the Nigerian Tax…

Revolutionizing Nigeria’s Fuel Landscape: The Impact of Dangote’s 4,000 CNG Trucks

What’s Driving This At present, Dangote’s refinery operates at an impressive capacity of about 85 percent, translating to 550,000 barrels per day from a potential 650,000. This makes it stand out as one of the largest single-train refineries in the world—a title that carries considerable weight in the industry. Why does size matter? A larger operation reduces the cost per barrel, and that’s just the beginning of the benefits. Pair this with the strategic introduction of Compressed Natural Gas (CNG) trucks, which…

UK Supports Nigeria’s Trade Ambitions with Near-Total Duty-Free Access

The Uplifting Affirmation of Trade Relations: A New Dawn for Nigerian Exports During a recent courtesy visit, the British High Commissioner to Nigeria, Dr. Richard Montgomery, reinforced the enduring trade relationship between the UK and Nigeria. The exchange between Montgomery and Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, took place in Abuja, setting the stage for ongoing collaboration aimed at boosting Nigeria's export capacity. Both representatives affirmed the significance of the Developing…

Nigeria’s Top Container Port Welcomes Its First LNG-Powered Ship

Embracing a Greener Future: The Arrival of LNG-Powered Vessels in Nigeria The maritime landscape in Nigeria is witnessing a transformative event: the arrival of an LNG-powered vessel. This milestone signifies not merely a technological advancement but underscores Nigeria’s commitment to a greener, more sustainable future in shipping. As climate change looms larger in our collective consciousness, steps toward cleaner shipping practices are becoming an urgent imperative. But what does this mean for the industry and the…

Dangote Turns to U.S. Crude Amid Nigeria’s Supply Challenges

Nigeria, despite holding the title of Africa's largest oil producer, finds itself in an ongoing struggle to consistently deliver crude feedstock to its flagship Dangote Petroleum Refinery, which is poised to refine up to 650,000 barrels daily. This disparity has compelled the refinery to look beyond its borders, seeking imports to maintain its operations. Why does this discrepancy exist in a nation rich in natural resources? It’s a question that can foster deeper discussions about the infrastructure, politics, and…

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