Business

Declining manufacturing tax signals weakening industrial activity — Oye

Declining manufacturing tax signals weakening industrial activity — Oye

By Yinka Kolawole The Alliance for Economic Research and Ethics (AERE) has warned that the decline in manufacturing tax revenue in the first quarter of 2026 reflects weakening industrial activity, urging the Federal Government and the Central Bank of Nigeria (CBN) to implement far-reaching reforms to revive the productive sector. In a policy brief, Chairman of […]
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Customs Service reshuffles Comptrollers

Customs Service reshuffles Comptrollers

The Nigeria Customs Service (NCS) has redeployed some of its Comptrollers in a bid to meet the challenges of the Service in terms trade facilitation and revenue target handed to it by the federalgovernment.

I will transform maritime sector  —Omatseye

I will transform maritime sector —Omatseye

NEWLY appointed Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr. Temisan Omatseye, has said that his administration will transform the Nigerian maritime sector into a force to be reckoned with amongst the comity of maritime nations.

Foreign shipowners move to neighbouring states to beat Cabotage

Foreign shipowners move to neighbouring states to beat Cabotage

As a means of subverting the Cabotage Act meant to protect the nation’s coastal trade, foreign shipowners bringing in petroleum products into the country have resorted to anchoring outside the country’s waters to prevent enforcement of the law.

N750 million cargo scanner idle in Calabar port

N750 million cargo scanner idle in Calabar port

A cargo scanner installed by Global Scansysystems Ltd and valued at over 5 million dollars (N750 million) has been under_utilised at the Calabar port, the Chief Executive Officer of the firm, Mr Fred Udechukwu has said.

Olam explains forays into rice farming

Olam explains forays into rice farming

Olam Nigeria Ltd., said its foray into rice farming was to help propel the country to become one of the leading rice producing and exporting nations.