Economy Archives — Page 6 of 263

May 8, 2025 No Responses

B’odogwu: Customs Targets 2hr Cargo Clearance, Attains N145b In April At Tincan Island Port

The full implementation of the recently launched trade platform, B’odogwu, will cut cargo clearance time at the Tin-Can Island Command of the Nigeria Customs Service (NCS) to two hours.This was disclosed on Wednesday by the Customs Area Controller of the...

May 8, 2025 No Responses

Shippers’ Council Tasks Lekki Port On Technological Innovations

Nigerian Shippers’ Council (NSC), has called on Lekki Deep Sea Port to adopt advanced technological innovations to enhance its competitiveness.This call was made by the NSC’s Executive Secretary and Chief Executive Officer, Dr. Akutah Pius, MON, du...

May 8, 2025 No Responses

Senate Passes Two Tax Reform Bills

The Senate has passed two out of four major tax reform bills, marking a significant milestone in the ongoing overhaul of the nation’s tax administration framework. The two bills, one seeking to repeal the Federal Inland Revenue Service (Establishment) Act...

May 7, 2025 No Responses

NGX Group, Market Stakeholders Honour Pascal Dozie

Captains of industry, financial leaders, and dignitaries on Tuesday gathered at the Nigerian Exchange Group House for an Afternoon of Tributes and Special Closing Gong Ceremony in honour of late Dr. Pascal G. Dozie, OON, CON, former President of the...

May 6, 2025 No Responses

Customs Pilots Form M Process On Trade Portal

The Nigeria Customs Service (NCS) has unveiled the pilot phase of Form M processing through its B’Odogwu Unified Customs Management System across all commands of the Service, marking a significant shift in its push towards digitised trade operations. A state...

May 6, 2025 No Responses

FEC Prioritises Local Industry Under New Policy

The Federal Executive Council (FEC) has approved a Nigeria First economic policy targeted at prioritising the use of locally manufactured goods and services in all government procurements. Nigeria’s Minister of Information and National Orientation, Mohammed ...

May 4, 2025 No Responses

Customs To Establish New Command At Nigerdock’s SIIFZ

The Comptroller General of Nigeria Customs Service (NCS), Adewale Adeniyi, has pledged to establish a new Customs Area Command at the Snake Island Integrated Free Zone (SIIFZ).The Customs Boss who stated this during a visit, recently, expressed delight at the....

May 3, 2025 No Responses

Presco Declares ₦58.6b Profit Before Tax In Q1

For the 2025 first quarter (Q1) ended March 31, 2025, Presco Plc, Nigeria’s leading fully integrated edible oil business, has declared ₦58.6 billion Profit Before Tax (PBT), representing a 97.6% year-on-year increase compared to ₦29.7 billion in Q1 2024....

May 2, 2025 No Responses

North-East Unveils Fresh Agenda For Almajiri

Executive Governors of the North-East region, including Adamawa, Bauchi, Borno, Gombe, Taraba, and Yobe states, have agreed to collaborate with the National Commission for Almajiri and Out-of-School Children Education (NCAOOSCE) by providing office space in ea...

May 2, 2025 No Responses

SON Cautions Against Use Of Unsafe Tyres, Destroys Substandard products

Again, the Standards Organisation of Nigeria (SON) has warned Nigerians not to patronise or use unsafe and expired tyres. According to SON’s Director-General, Dr. Ifeanyi Chukunonso Okeke, the shelf life of tyres is four years, and they must not be...

May 1, 2025 No Responses

EFCC Closely Monitoring MDAs’ Budget Implementation, Says Olukoyede

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr Ola Olukoyode has disclosed that the anti-graft Commission was closely monitoring the 2025 budget implementation by Ministries, Departments and Agencies, MDAs, towards ensuring th...

May 1, 2025 No Responses

Tinubu Inaugurates Katsina Agric Mechanisation Centre

President Bola Tinubu is expected to pay a one-day work visit to Katsina State on Friday. The Commissioner for Information and Culture, Bala Salisu Zango, disclosed this on Wednesday during a press briefing held at the Katsina Government House Press...

April 30, 2025 No Responses

Shippers’ Council Trains Shipping Firms, Others

The Nigerian Shippers’ Council (NSC) has taken a significant step towards enhancing the ease of doing business in the maritime sector by training four shipping companies and one vessel charterer on its automated Confirmation of Reasonableness of Demurrag...

April 30, 2025 No Responses

NLNG Delegation Visits Tinubu’s SA On Energy, Verheijen

As part of measures to deepen collaboration across Nigeria’s gas policy and regulatory landscape, NLNG’s leadership, led by Managing Director/Chief Executive Officer, Philip Mshelbila, has met with the Special Adviser (SA) to President Bola Tinubu on Energ...