Business

Customs releases impounded trucks after CGC’s intervention at bonded terminal

Customs releases impounded trucks after CGC’s intervention at bonded terminal

By Godwin Oritse The Nigeria Customs Service (NCS) has released 36 trucks belonging to members of the Association of Maritime Truck Owners (AMATO) that were impounded during an investigation into alleged trade infractions at Zarmmak Bonded Terminal in the Amuwo Odofin area of Lagos. The trucks were detained by Customs Police attached to the Zone ‘A’ […]
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Nestoil: We are not responsible for banks’ failure to pay dividend

Nestoil: We are not responsible for banks’ failure to pay dividend

Nestoil Limited yesterday rejected what it described as a coordinated campaign of blackmail allegedly driven by First Bank of Nigeria and its Chairman, following publications in The Guardian, The Nation, Leadership, Vanguard, Nairametrics, TheCable, and some other online platforms linking banks’ dividend suspension to a purported debt owed by the company.   The indigenous energy firm said […]

How Customs CG is facilitating trade, boosting business in the South-East of Nigeria

How Customs CG is facilitating trade, boosting business in the South-East of Nigeria

By Okey Ibeke Since assuming office as Comptroller-General of the Nigeria Customs Service in June 2023, Bashir Adewale Adeniyi, in line with President Ahmed Tinubu’s Economic and Renewed Hope Agenda, has been intentional in pursuit of policies that repositioned the Service from a traditional revenue-collecting agency to a reform-driven institution. The policies, anchored on three pronged […]

Dangote Cement grows exports by 71.6% as capacity hits 55MTA

Dangote Cement grows exports by 71.6% as capacity hits 55MTA

By Mather Godwin Dangote Cement Plc has recorded a strong performance in the first quarter of 2026, growing its cement and clinker exports from Nigeria by 71.6 per cent, as the Group’s total installed production capacity reached 55 million tonnes per annum (MTA) across Africa. During the period under review, the company completed 10 clinker shipments […]

FG moves to settle contractors’ Debts, assures transparent process

FG moves to settle contractors’ Debts, assures transparent process

By Emma Ujah,   Abuja Bureau Chief The Federal Government has initiated moves to settle outstanding obligations owed to local contractors, assuring that the process will be handled in a fair, transparent, and structured manner to rebuild confidence and support ongoing economic reforms. Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, gave the […]