Nigeria Customs Service to Review Automobile Levy Amidst Import Challenges
The acting Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, announced that the service would…
End of Downstream Monopoly: First Batch of Privately Imported Petrol Arrives in…
The first batch of petrol, consisting of 27 million litres, has been imported by an independent marketer, ending…
Federal High Court Orders Ecobank Nigeria to Pay Honeywell Flour Mills N72.2bn in…
The Federal High Court in Lagos has issued a ruling ordering Ecobank Nigeria to pay Honeywell Flour Mills the sum…
UK Adds Naira to “Pre-Approved Currencies” for Financing Nigerian…
The United Kingdom (UK) will include the Nigerian naira in its list of "pre-approved currencies" for financing…
Fluctuating Fuel Prices Expected as Nigeria Deregulates Downstream Petroleum…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated that Nigerians should anticipate…
Federal Government Takes Aim at Anti-Competitive Practices and Unjustified Food…
The Federal Government, through the Federal Competition and Consumer Protection Commission (FCCPC), is taking…
Nigeria Faces Protests and Discontent as Petrol Price Soars Following Subsidy…
The Nigeria Labour Congress (NLC) issued a warning, stating that it might withdraw from talks with the federal…
Fuel Consumption in Nigeria Plummets After Subsidy Removal: Imports Decline, Free…
The Nigerian Government announced that fuel consumption in the country has significantly dropped to 46.38 million…
Nigerian Naira Faces Volatility Amidst Exchange Rate Fluctuations
The official exchange rate of the Nigerian Naira improved from N803.9 per dollar, but at N820/$1, the parallel…
Nigerian Ports Authority Records Impressive Revenue in First Half of 2023
The Nigerian Ports Authority (NPA) has announced a total revenue of N191,430,093,501.00 generated from its…
Central Bank of Nigeria Reduces Approved Bureau de Change Dealers
The Central Bank of Nigeria (CBN) has published an updated list of approved Bureau de Change (BDC) dealers in the…
Nigerian Ports Authority Records Strong Revenue Growth in H1 2023
The Nigerian Ports Authority (NPA) reported robust performance in the first half of 2023, with 1,852 vessels…
Nigerian House of Representatives to Investigate Non-Remittance of Revenues by…
The Nigerian House of Representatives has announced its intention to conduct an investigation into the Nigerian…
IMF Approves Nearly $1 Billion in Funding for Kenya to Bolster Economic Reforms
Paraphrased Paragraphs: The International Monetary Fund's executive board has granted Kenya nearly $1 billion in…
Project $6.2 Billion Capital Importation in Nigeria for 2023 Amid FX Reforms
Paraphrased Paragraphs: Afrinvest analysts have projected that capital importation in Nigeria for the fiscal year…
Nigeria Customs Service Kwara Command Records N6.2 Billion Revenue in Q2 2023
Paraphrased Paragraphs: The Nigeria Customs Service (NCS) Kwara State Command reported a revenue of N6.2 billion…
Nigerian Point of Sale Operators Protest Against Increased Service Charges
Point of Sale (PoS) operators in Nigeria are protesting the implementation of increased service charges, which…
OPEC Petroleum Export Revenues Soar to a Nearly Decade High Amidst Geopolitical…
Petroleum export revenues from the Organization of the Petroleum Exporting Countries (OPEC) reached their highest…
Nigeria’s LNG Exports Dip Due to Flooding, Emerges as Seventh Global…
The International Gas Union (IGU) reported that Nigeria's Liquefied Natural Gas (LNG) export declined by 1.8…
Federal Government and Lagos State Commence Demolition of Shanties and Extortion…
The Nigerian Ports Authority (NPA), in collaboration with the Lagos State Government, has initiated a joint…
Nigeria’s Non-Oil Exports Experience Slight Dip in H1 2023
The Nigerian non-oil export sector recorded a marginal decrease in export value, amounting to $2.54 billion,…
Nigeria’s Inflation Hits 17-Year High Amid Ongoing Rise
Nigeria's headline inflation rate has reached a 17-year high, rising for the sixth consecutive time to 22.79% in…
Mobile Money Agents in Nigeria Stand Firm on Implementing New Price Framework
Despite facing criticism and threats of sanctions, the Association of Mobile Money and Bank Agents in Nigeria…
Access Bank and Standard Chartered Bank Finalize Agreement for African…
Access Bank Plc and Standard Chartered Bank have reached an agreement for Access Bank to acquire Standard…
Geregu Power Makes N8.78bn Advance Payment to Italian Firm for Turbine Overhaul
Geregu Power Plc, a power generating company in Nigeria, revealed that it has made advance payments totaling…
Manufacturers and Students Struggle to Access Forex as Naira Exchange Rate Hits…
Despite recent reforms under the Bola Tinubu administration, Nigerian manufacturers and businesses are still…
AFIG Funds and Norfund Successfully Complete Acquisition of Ivorian Packaging…
A consortium of investors led by AFIG Funds and Norfund has successfully completed the acquisition of Nouvelle…
Endeavour Mining Divests 90% Stake in Burkina Faso Mines to Lilium Mining for $300…
In a strategic move, UK-based Endeavour Mining has sold 90% stakes in its Boungou and Wahgnion mines in Burkina…
Amea Power Secures $75 Million Funding from SoftBank Group for Expansion
Dubai-based renewable energy company, Amea Power, has successfully secured a $75 million equity funding round from…
Millions of Poor Nigerians Excluded from Cash Transfer Program: World Bank Report
The World Bank's Nigeria Development Update for June 2023 reveals that over 42.69 million poor Nigerians have been…