Business

Police declare port corridor ticketing, revenue collection illegal

Police declare port corridor ticketing, revenue collection illegal

By Godwin Oritse The Western Ports Police Command has intervened in the brewing dispute between the Committee of Maritime Transport Unions and Associations (COMTUA) and the Lagos State Trucks and Cargo Operators Committee (LASTCOC) over the proposed sale of Lagos State revenue tickets along the Apapa and Tin Can Island port corridors.  The intervention followed […]
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Just In: Industry sector activities declined in August – CBN

Just In: Industry sector activities declined in August – CBN

As economic activities expand 9th consecutive month  By Elizabeth Adegbesan  Activities in the industrial sector declined at 49.1 index points in August 2025 following a decline in 10 of its subsectors among 17 surveyed. The Central Bank of Nigeria,  CBN, disclosed this today in its Purchasing Managers Index Report for August 2025. “The Industry Sector […]

Apapa Customs set new record of N20.1bn daily revenue generation 

Apapa Customs set new record of N20.1bn daily revenue generation 

By Godwin Oritse Apapa Customs has set a new record posting N20.1 billion daily revenue barely 24 hours after the newly deployed Comptroller, Emmanuel Oshoba took over the leadership of the command. The latest record-breaking collection now stands as the highest daily revenue of any command in the Nigeria Customs Service, using the Unified Customs Management […]

FIRS, EFCC strengthen alliance to enforce voluntary tax compliance

FIRS, EFCC strengthen alliance to enforce voluntary tax compliance

By Babajide Komolafe The Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) have renewed their commitment to closer collaboration in order to strengthen Nigeria’s tax compliance framework and safeguard public revenue. Speaking at a courtesy visit to the EFCC headquarters in Abuja yesterday, the FIRS Executive Chairman, Dr Zacch Adedeji, emphasised […]

2024 budget, 80% implemented —Edun

2024 budget, 80% implemented —Edun

….as Reps quiz ministers on 2024–2025 appropriation act performance By Gift ChapiOdekina The Minister of Finance Wale Edun on Wednesday revealed that as of September 2025, about 80 per cent of the 2024 budget had been executed. This is also as the House of Representatives Committee on Appropriations held a closed-door session with the Minister of […]

Blackout: Businesses suffer as national grid collapses again

Blackout: Businesses suffer as national grid collapses again

By Obas Esiedesa, Abuja Businesses and homes suffered setback, yesterday, as Nigeria recorded another national grid collapse. The total electricity generation dropped to 1.5 megawatts, MW 2,917.83 MW between 11 am and 12 pm. Shortly after the collapse, the Nigeria National Grid, an X handle that provides updates on Electric power distribution announced that “System restoration is […]