Category: Economy

Nigeria Customs, NPA Strengthen Port Efficiency Partnership
February 16, 2025 No Responses

Nigeria Customs, NPA Strengthen Port Efficiency Partnership

The Comptroller-General of Customs (CGC), Adewale Adeniyi, has emphasised the importance of collaboration between the Nigeria Customs Service (NCS) and the Nigerian Ports Authority (NPA) in enhancing the efficiency and competitiveness of Nigerian ports.During a courtesy visit to the NPA,...
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NASS Passes ₦54.99tri 2025 Budget
February 14, 2025 No Responses

NASS Passes ₦54.99tri 2025 Budget

The National Assembly on Thursday passed the ₦54.99trn 2025 Appropriation Bill. The bill was passed separately by the Senate and the House of Representatives. A breakdown of the budget showed N3.645trn for statutory transfers, N14.317trn for debt servicing, ...
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GTBank Removes POS Processing Fees
February 13, 2025 No Responses

GTBank Removes POS Processing Fees

Guaranty Trust Bank Ltd has announced the removal of processing fees on all GTBank POS terminals, reinforcing its commitment to supporting businesses with cost-effective payment solutions.This initiative, which took effect Tuesday, 11 February 2025, communicat...
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CBN Stops Free Withdrawals For Customers Using Other Banks’ ATMs
February 12, 2025 No Responses

CBN Stops Free Withdrawals For Customers Using Other Banks’ ATMs

Charges will now apply anytime customers use the Automated Teller Machines (ATMs) of banks, the Central Bank of Nigeria (CBN) has declared.   This was contained in a circular dated February 10, 2025, and addressed to all banks and financial instituti...
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NPA Photo News
February 11, 2025 No Responses

NPA Photo News

The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho (left) receiving the Chairperson, Seaport Terminal Operators Association of Nigeria (STOAN), Olori Vicky Haastrup at the NPA Headquarters in Marina, Lagos on Tuesday, 11th February, 2...
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Dangote Refinery Reduces Diesel Price To N1,020 Per Litre
February 11, 2025 No Responses

Dangote Refinery Reduces Diesel Price To N1,020 Per Litre

Dangote Petroleum Refinery & Petrochemicals has reduced the cost of its diesel product to N1,020 per litre, down from N1,075 per litre at the gantry price, in an effort to better serve its customers and Nigerians in general.Since it began...
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Nigeria Customs Suspends Implementation Of 4% FoB Charge At Seaports
February 11, 2025 No Responses

Nigeria Customs Suspends Implementation Of 4% FoB Charge At Seaports

TheNigeria Customs Service (NCS) has suspended the implementation of 4% Free-on-Board (FoB) value on imports earlier announced by the service.This is sequel to ongoing consultations with the Minister of Finance and Coordinating Minister of the Economy, Mr Olaw...
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NPA Increases Tariff, Assure Port Competitiveness
February 6, 2025 No Responses

NPA Increases Tariff, Assure Port Competitiveness

Faced by the exigency of bringing Nigerian Ports up to speed with those of its peers in terms of infrastructure and equipment, the Nigerian Ports Authority (NPA) has secured necessary approvals for an upward review in its tariffs which was...
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FG To Raise N758b Bond
February 5, 2025 No Responses

FG To Raise N758b Bond

The Federal Executive Council (FEC) on Tuesday gave an approval to the Debt Management Office to raise N758 billion bond to clear the backlog of pension liabilities for all categories of pensioners. FEC also approved a 30 million Euro long-term...
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Diri Harps On Agge Seaport As FG’s Team Visits Bayelsa
February 4, 2025 No Responses

Diri Harps On Agge Seaport As FG’s Team Visits Bayelsa

‎Governor of Bayelsa State, Senator Douye Diri, has restated his administration’s commitment towards actualising the deep seaport project at Agge in Ekeremor Local Government Area of the state.Governor Diri gave the assurance when he received the federal g...
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EFCC, Nigeria Customs, NFIU, Train Law Enforcement Officers
February 4, 2025 No Responses

EFCC, Nigeria Customs, NFIU, Train Law Enforcement Officers

The Economic and Financial Crimes Commission (EFCC) in collaboration with the Nigeria Customs Service (NCS) and the Nigeria Financial Intelligence Unit (NFIU) have organized a two-day empowerment Workshop for fifty law enforcement officers drawn from various a...
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Edo Records N10b IGR In January
February 4, 2025 No Responses

Edo Records N10b IGR In January

Executive Chairman, Edo State Internal Revenue Service (IGR), Hon. Oladele Bankole-Balogun has revealed that the Edo Internal Revenue Service (EIRS) recorded over N10billion in the month of January, 2025.Bankole-Balogun revealed the development when he paid a ...
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Nigeria Generates $831.14b From Oil, Gas In 24 Years
February 4, 2025 No Responses

Nigeria Generates $831.14b From Oil, Gas In 24 Years

Nigeria generated over $831.14 billion in revenue from the oil and gas sector between 1999 and 2023, the Nigeria Extractive Industries Transparency Initiative (NEITI), has declared.  NEITI’s Executive Secretary, Ogbonnaya Orji, stated this on Monday when he...
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EFCC, NIRA To Strengthen Cyber Security Collaboration
January 30, 2025 No Responses

EFCC, NIRA To Strengthen Cyber Security Collaboration

The Nigeria Internet Registration Association, (NIRA) has resolved to strengthen its existing collaboration with the Economic and Financial Crimes Commission (EFCC) towards enhancing the country’s cyber security.The resolution was reached on Wednesday, Janua...
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