FG Bans Roadblocks for Tax Collection Nationwide

  The Federal Government has prohibited the use of roadblocks for tax collection across Nigeria as part of a sweeping reform of informal sector taxation, introducing presumptive tax regulations designed to bring millions of small businesses into the tax net while exempting the poorest enterprises. The Joint Revenue Board, in collaboration with the Federal Ministry…

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Naira Holds Steady at ₦1,399 

Naira Depreciates to N1,390/$ Officially, N1,376 in Parallel Market

  The Nigerian currency recorded its second consecutive daily depreciation in both the official Nigerian Foreign Exchange Market and the parallel market, reversing some of the gains achieved during February’s appreciation rally. The naira extended its losing streak against the United States dollar yesterday, depreciating across both the official and parallel foreign exchange windows as…

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Kara Bridge Repairs to Resume Wednesday After Gridlock Pause

Kara Bridge Repairs to Resume Wednesday After Gridlock Pause

The Federal Government has announced that rehabilitation work on the Kara Bridge section of the Lagos-Ibadan Expressway will resume on Wednesday, March 4. The project, which involves the critical replacement of deteriorated expansion joints, was abruptly suspended on Saturday after construction-induced gridlock paralysed the corridor. Layi Komolafe, the Federal Controller of Works in Ogun State,…

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NRC Restores Abuja–Kaduna Train Trips Following Stability

NRC Restores Abuja–Kaduna Train Trips Following Stability

The Nigerian Railway Corporation (NRC) will increase train frequency on the Abuja–Kaduna corridor starting Friday, March 6. The expansion marks a significant recovery for the country’s most vital rail link, which has suffered from reduced rolling stock and safety restrictions for nearly four years. Under the new schedule, the corporation will operate three daily trips…

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