Trade facilitation: Customs unveils digital baggage import declaration
The Nigeria Customs Service, NCS has announced the deployment of a Simplified Baggage Import Declaration System at the Seme Area Command. This marks a new phase in its drive for digital innovation, trade facilitation, and improved passenger clearance processes. The initiative is designed to streamline baggage declaration, reduce clearance time, and enhance transparency for legitimate […]
PenCom to commit N300bn into infrastructure investment
By Rosemary Iwunze The National Pension Commission, PenCom, said it is targeting a total capital commitment of N300 billion to deepen critical infrastructure investment across Nigeria, with actual asset deployments set to commence by the second quarter of 2027. Speaking to the media at the backdrop of the Pension Industry Leaders Council (PILC) meeting in […]
NEPC targets $10bn non-oil exports from S/W region by 2035
By Cynthia Alo & Kafayat Kokumo The Nigerian Export Promotion Council, NEPC, has said that it is targeting between $9 billion and $10 billion in non-oil exports by 2035 from the South-West region through increased agricultural production, value addition and export-oriented industrialisation. Regional Coordinator, Southwest, NEPC, Mr. Benedict Itegbe, disclosed this on Wednesday at the […]
FG slashes interest rate on late tax payment
By Emma Ujah, Abuja Bureau Chief The Federal Government (FG) has reduced the penalty interest rate for late settlement of tax liabilities, with the new regime taking effect from October 1, 2026. Under the new arrangement, interest on tax liabilities payable in naira will be pegged to the Central Bank of Nigeria’s (CBN) Monetary Policy […]
Crude supply to Nigerian refineries jumps 17% — NMDPRA
…As petrol imports dips 26% to 14.6m litres By Obas Esiedesa & Ediri Ejoh Crude oil receipts by Nigerian domestic refineries increased by 16.75 percent in August 2026, rising to 683,000 barrels per day (b/d) from 585,000b/d in July, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The […]
NGX Invest expands primary market access with WhatsApp subscription channel
By Chukwunonso Okolo Nigerian Exchange Group (NGX Group) has expanded access to its NGX Invest platform with the launch of a WhatsApp subscription channel, providing investors with an additional, convenient way to participate in public offers. Investors can begin the subscription process by sending “Invest” to NGX Invest on WhatsApp at +234 812 731 9521. […]
