According to Vanguard, a CBN-linked macro projection suggests petrol could average around N950 per litre, reflecting a model-driven outlook shaped by exchange rates and supply costs. (more…)
Tag: cost of living
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Tinubu Insists New Tax Laws Stay on Track Despite Discrepancy Dispute, Reuters Reports
Reporting by Reuters indicates President Bola Tinubu said Nigeria would implement new tax laws from January 1 despite calls for delay, describing the reforms as a major reset even as critics raised concerns about discrepancies and administrative powers.
The dispute centers on trust in the legislative process, enforcement safeguards, and the practical impact on households and businesses facing inflation pressure.
Government posture suggests implementation will proceed while flagged issues are addressed through engagement and clarifying measures.
KPMG’s note said certified versions were meant to address discrepancy allegations but still contain “errors, inconsistencies, gaps, and omissions,” while Taiwo Oyedele’s public messaging insisted there is “No Going Back” on implementation.
Echotitbits take: Watch for clarifying circulars and early enforcement restraint. The first quarter will reveal whether compliance rises—or resistance spreads.
Source: Reuters — https://www.reuters.com/world/africa/nigeria-implement-new-tax-laws-january-1-despite-calls-delay-tinubu-says-2025-12-30/ January 10, 2026
Reuters 2026-01-10
Photo Credit: Reuters
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Johnny Drille’s school-fees joke sparks relatable ‘kids are expensive’ chatter
In a post shared by Johnny Drille, the singer joked that paying a child’s school fees quickly teaches parents that “kids are very expensive,” sparking waves of relatable replies from Nigerians online.
Many reactions connected the joke to broader pressures—school fees, inflation, and household budgeting—turning a one-liner into a wider lifestyle conversation.
The moment also underscores how celebrities increasingly build brand warmth through candid, everyday-life storytelling that travels fast.
- Johnny Drille (X): “I just paid my child’s school fees and I realised kids are very expensive.”
- Instagram repost (Post): “Kids are expensive…”
Echotitbits take: These small, human posts open big conversations about parenting economics. Watch for brands (family, finance, education) attempting to ride the relatability wave.
Source: LindaIkejisBlog — 2026-01-09 — https://lindaikejisblog.com/2026/1/kids-are-expensive-nigerian-singer-johnny-drille-laments-after-paying-his-daughters-school-fees.html
Source: LindaIkejisBlog 2026-01-09
Photo Credit: LindaIkejisBlog -
N739/Litre Dangote Petrol Sparks Rush at MRS Stations
Photo Credit: The Punch
2025-12-25 09:20:00As detailed by The Punch, the sale of Dangote-refined petrol at about N739 per litre at some MRS outlets triggered long queues, as motorists sought cheaper fuel amid higher prevailing pump prices elsewhere. The rush reflects both price sensitivity and the market’s hunt for stable supply points.
The report suggests queues built quickly in locations where the N739 pricing was visible, with customers traveling between stations to confirm availability—typical behavior in Nigeria’s downstream market when a meaningful price gap opens.
The development also highlights distribution reality: price reductions can create localized demand spikes that supply logistics may struggle to match in the short term, raising the risk of stockouts and opportunistic price deviations.
On validation, Nairametrics reported a monitoring push, quoting a call to “report any MRS station selling above N739 per litre,” while Vanguard captured commuter reactions describing the pricing move as a “laudable intervention” and “timely relief” amid cost pressures.
Echotitbits take: Cheap fuel without stable volume quickly becomes chaos. Watch whether supply scales (more stations, more trucks, steadier replenishment) and whether regulators/marketers enforce price discipline to stop “N739 on paper, N850 at the nozzle.”
Source: The Punch — December 25, 2025 (https://punchng.com/n739-litre-dangote-petrol-causes-queues-at-mrs-stations/)
The Punch 2025-12-25
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Tinubu says 2026 tax changes will ease burdens for low‑income Nigerians and SMEs
Photo Credit: Nigeria News
2025-12-16Speaking through the Federal Inland Revenue Service chairman at an Ibadan roundtable, President Bola Tinubu says new tax laws slated for 2026 will bring relief for households and small businesses.
According to the president’s remarks, the reforms are designed to reduce multiple taxation and exempt essential items and sectors such as food, medication, education, agriculture and shared transportation from what he called burdensome taxes.
The messaging suggests government is trying to build public confidence ahead of implementation, amid concerns about compliance costs and how quickly relief will show up in prices and pay‑packets.
Beyond the rhetoric, the key test will be the details: which goods and services qualify for exemptions, how VAT and PAYE changes are applied, and whether sub‑national taxes are harmonised to prevent ‘stacked’ levies on SMEs.
The Nation: “The laws come with good news to the poor, the low-income earners as well as small businesses.”
THISDAY: “The laws come with good news to the poor, the low-income earners as well as small businesses,” he said, explaining that food and medication would be exempt from burdensome taxes.
Analysis/Echotitbits take: If the exemptions are cleanly implemented, they could ease cost‑of‑living pressure and improve SME cashflow. Watch for the final implementing rules, VAT treatment of essentials, and how states align their own revenue drives with the federal posture.
Source: Punch — December 17, 2025 — https://punchng.com/new-tax-law-coming-with-good-news-tinubu-assures-nigerians/