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 […]
Downstream deregulation delivers N6trn gain in 9 months — NMDPRA
By Udeme Akpan Nigeria may have recorded an estimated N6 trillion gain from reforms in the downstream petroleum sector within the first nine months of 2025. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) disclosed this at the ongoing Nigerian International Energy Summit (NIES) in Abuja, noting that decades of heavy petroleum product importation had […]
FG, IFC seal deal to drive bankable infrastructure, attract private capital
By Progress Godfrey The Federal Government has signed a cooperation agreement with the International Finance Corporation (IFC) to speed up the delivery of bankable infrastructure projects and mobilise private capital critical to Nigeria’s economic transformation. The agreement, signed in Abuja on Wednesday, had the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu; the Minister […]
Edun urges First Abu Dhabi Bank to invest in Nigeria
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has urged the First Abu Dhabi Bank to invest in Nigeria.
Shell profits climb despite falling oil prices
British energy giant Shell said Thursday that its net profit rose 11 percent last year as higher volumes and lower costs helped to offset falling oil and gas prices.
FG demands concrete action from IOCs to boost oil production
By Obas Esiedesa, Abuja The Federal Government (FG), yesterday, urged International Oil Companies (IOCs) operating in Nigeria to take concrete steps to ramp up crude oil production, following the country’s ambitious target of reaching 2.5 million barrels per day by 2027. Nigeria’s daily average oil production stood at about 1.6 million barrels per day in 2025, […]
