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 […]
FG mulls strategies to augment railway funding
Chairman, Senate Committee on Land Transportation, Senator Gbenga Ashafa has said that the federal government may consider giving some concessions to the Nigeria Railway Corporation, NRc to mitigate its funding constraints.
Foreign investment inflow in oil dips N36bn
Turbulence in the international oil market pushes investment in Nigeria’s petroleum further away, as year on year capital inflow dips by 85.7 per cent.
Total blames oil crash for harsh environment
TOTAL Exploration and Production Nigeria Limited, has said the oil price fall is responsible for the challenging economic environment in Nigeria, while identifying three critical factors for sustainability of the petroleum industry
CBN earmarks over N1trn to fund real sector
THE Central Bank of Nigeria, CBN, has set aside over N1 trillion to promote lending to the real sector of the economy with a view to stimulating economic activities in the country. The Governor of the CBN, Mr. Godwin Emefiele, disclosed this at the 21st Seminar for Finance Correspondents and Business Editors in Ibadan, Oyo State capital, yesterday.
Nigeria can generate N5trn annually from solid minerals — Metal exporters
Exporters under the aegis of Association of Metal Exporters of Nigeria, AMEN have called on the Federal Government to intervene in the solid minerals sector and tap the abundant benefits as the sector has opportunity of generating N5 trillion annually.
