Tag: Economy

Nigeria Slashes Duties On Cars, Palm Oil, Sugar
April 11, 2026 No Responses

Nigeria Slashes Duties On Cars, Palm Oil, Sugar

The Nigerian Government has approved the implementation of the 2026 Fiscal Policy Measures (FPM), introducing sweeping tariff reductions on key imports, including vehicles, crude palm oil, and sugar.The new measures, contained in a circular dated April 1, 2026, and signed...
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Nigeria Reduces Crude Palm Oil Import Duty To 28.75%
April 11, 2026 No Responses

Nigeria Reduces Crude Palm Oil Import Duty To 28.75%

By ebosele@hotmail.com Nigeria’s crude palm oil market is set for a shift following the Federal Government’s approval of new fiscal policy measures that reduce the import duty on the commodity to 28.75 percent.The revised tariff, announced in a circular da...
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NADDC Rolls Out Framework To Drive Auto Dealer Financing
April 10, 2026 No Responses

NADDC Rolls Out Framework To Drive Auto Dealer Financing

Registered automobile dealers in Nigeria are set to benefit from improved access to financing and broader business opportunities following the launch of the National Vehicle Dealership Registration Framework by the National Automotive Design and Development Co...
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Photo News
April 10, 2026 No Responses

Photo News

L-R – Executive Secretary, Nigerian Shippers’ Council; Dr. Akutah Pius; Managing Director, Nigerian Ports Authority, Dr. Abubakar Dantsoho, Minister, Ministry of Marine and Blue Economy, Adegboyega Oyetola, Permanent Secretary of the Ministry, Mrs....
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NUPRC, Petroleum Ministry Strengthen Collaboration
April 10, 2026 No Responses

NUPRC, Petroleum Ministry Strengthen Collaboration

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reaffirmed its commitment to closer collaboration with the Federal Ministry of Petroleum Resources to ensure effective policy implementation and regulatory alignment in the country’s oil and g...
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Nigerian Shippers’ Council, NRS Seek Waivers Over Single Window Delays
April 10, 2026 No Responses

Nigerian Shippers’ Council, NRS Seek Waivers Over Single Window Delays

The Nigerian Shippers’ Council (NSC) and the Nigeria Revenue Service (NRS) have appealed to shipping companies and terminal operators to grant waivers to importers and clearing agents affected by delays arising from the implementation of the National Single ...
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NADDC Unveils Vehicle Dealership Registration Framework
April 10, 2026 No Responses

NADDC Unveils Vehicle Dealership Registration Framework

By ebosele@hotmail.com The National Automotive Design and Development Council (NADDC) is set to unveil the National Vehicle Dealership Registration Framework today, April 10, 2026, in Abuja.City Business News reports that the initiative is aimed at driving tra...
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Elumelu Welcomes 720 UBA Graduate Trainees, Confirms 300 Contract Staff As Full Employees
April 10, 2026 No Responses

Elumelu Welcomes 720 UBA Graduate Trainees, Confirms 300 Contract Staff As Full Employees

Chairman of United Bank for Africa, Tony Elumelu, on Thursday addressed 720 graduate trainees drawn from Cohorts 19 and 20 of the bank’s Graduate Management Acceleration Programme (GMAP) from across Africa.Speaking during the engagement, Elumelu said the pro...
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FG Inaugurates Committee To Review $200bn Gas, Power, Rail Project
April 9, 2026 No Responses

FG Inaugurates Committee To Review $200bn Gas, Power, Rail Project

The Federal Government (FG) through the Secretary to the Government of the Federation, Sen. George Akume, has inaugurated a high-level technical committee to critically review the proposed $200 billion Integrated Gas, Power and High-Speed Rail Project.In his r...
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ExxonMobil Visits NUPRC On Planned Multi-Billion Dollar FID
April 9, 2026 No Responses

ExxonMobil Visits NUPRC On Planned Multi-Billion Dollar FID

ExxonMobil has briefed the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on its plan to invest in multi-billion dollar deep-water projects.The oil major unveiled its plans when it visited the NUPRC headquarters in Abuja as part of activities to mar...
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NEPL/ Seplat JV Unveils More STEAM Laboratories In Edo Schools
April 9, 2026 No Responses

NEPL/ Seplat JV Unveils More STEAM Laboratories In Edo Schools

Photo Caption: L-R: Director, External Affairs & Social Performance, Seplat Energy, Chioma Afe; former Commissioner for Education, Edo State, Dr. Paddy Iyamu; General Manager, Corporate Social Investment & Social Performance, Seplat Energy, Esther Icha...
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Pension assets hit N29.43trn
April 9, 2026 No Responses

Pension assets hit N29.43trn

NIGERIA’S pension assets rose to N29.43 trillion in February, representing a month-on-month increase of N1.39 trillion.This is according to data released by the National Pension Commission (PenCom).The latest figure represents the strongest monthly expansion...
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Pipeline Security Boosts Nigeria’s Oil Output to 1.71mbpd, Says NNPCL
April 8, 2026 No Responses

Pipeline Security Boosts Nigeria’s Oil Output to 1.71mbpd, Says NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has confirmed a significant recovery in Nigeria’s crude oil output, rising from a historic low of 960,000 barrels per day in 2022 to an average of 1.71 million barrels per day, with peak...
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NASS Petroleum Committees Affirm Confidence In Tantita, Others
April 8, 2026 No Responses

NASS Petroleum Committees Affirm Confidence In Tantita, Others

The joint Committees on Petroleum Resources of the National Assembly on Wednesday dismissed three petitions filed against the pipeline surveillance contract, passing a vote of confidence on Tantita Security Services Nigeria Limited, security agencies and the N...
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