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 won’t renew licences of poor-performing DisCos in 2028 – Adelabu
By Obas Esiedesa ABUJA — The Minister of Power, Chief Adebayo Adelabu, on Monday said the Federal Government will not renew the licences of poorly performing electricity distribution companies (DisCos) when they expire in 2028. Speaking during a session on the power sector at the Nigerian Economic Summit 2025 in Abuja, Adelabu blamed the DisCos for […]
FG set to eliminate multiple budgetary operations
By Emma Ujah, Abuja Bureau Chief THE Federal Government may have concluded plan to phase out multiple budget fiscal operations if the disclosures of the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, is the current reality. The multiple budgetary fiscal operations entail implementation of more than one Appropriation Acts simultaneously […]
CBN imposes N5m fine on illegal agent banking activities
By Elizabeth Adegbesan THE Central Bank of Nigeria (CBN) has announced that any agent found engaging in non-permissible activities under its newly revised Agent Banking Guidelines will face a minimum penalty of N5 million for the offence and N100,000 for each day the default continues, in addition to forfeiting any profit made from such activities. According […]
Equity investors position for further windfall
…As they pocket N1.2trn last week By Peter Egwuatu The Nigerian stock market has recorded a massive bull’s run in the first three trading days of the last quarter 2025. Combined with bullish trading in the last day of the third quarter, the investors raked in about N1.17 trillion in four trading days last week on […]
High interest rates put Nigerian manufacturers at competitive disadvantage — MAN
…Seeks further MPR cut, special financing window The Manufacturers Association of Nigeria (MAN) have continued to bemoan the high interest rates in the country, noting that the situation has place the nation’s manufacturing sector at a competitive disadvantage against other countries of the world. Director General of MAN, Segun Ajayi-Kadir, noted this while expressing optimism […]
