The Area Controller, Tin Can Island Port Command of the Nigeria Customs Service (NCS), Comptroller Frank Onyeka, said the command generated N347.9 billion in the first quarter of 2025.The comptroller, through his Public Relations Officer, Superintendent of Customs Oscar Ivara, made this known to newsmen in Lagos on Monday.Onyeka said
The African Digital Economy & Inclusivity Conference (AFDEIC 2025) has been officially unveiled and is scheduled to take place in Abuja, Nigeria, from August 12 to 14, 2025. This event aims to gather government officials, policymakers, business leaders, tech innovators, academics, and development partners to discuss the digital economy in
Energy expert, Dr Ayodele Oni, says the removal of fuel subsidies in Nigeria has had a significant impact on the country’s economy. Oni, a partner at Bloomfield Law Firm, made the assertion in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. According to him, experts
Six banks in the country have posted N3.41 trillion as Profit After Tax (PAT) for the year 2024 ended as against the N2.1 trillion recorded in 2023 financial year. This is in spite of diverse transaction and service complaints, dissatisfaction among customers and the challenging economic situation of the country.
Nigeria has received a $500 million loan from the World Bank to help boost its economy. This funding is part of the Community Action for Resilience and Economic Stimulus Program, which the World Bank approved on March 28, 2025. The program aims to tackle important issues in Nigeria, like improving
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says Nigeria’s economy has achieved relative stability over the past 18 to 20 months. Edun said this during a Zoom dialogue meeting in Abuja on Thursday. According to him, the economy narrowly avoided collapse, having survived on
The United Nations Children’s Fund (UNICEF) has praised Governor Peter Mbah of Enugu State for his exemplary leadership, highlighting that the governor’s significant investments in education, primary healthcare, and infrastructure represent a pivotal advancement for the state. Also, the governor reaffirmed the state’s dedication to providing quality nutrition daily to
Africa’s Global Bank, United Bank for Africa (UBA) Plc has launched the Afrigo Card, a revolutionary domestic card scheme aimed at transforming the Nigerian payments landscape.The Afrigo Card, introduced by the Central Bank of Nigeria (CBN) in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), offers a robust alternative to
In a strategic effort to enhance the operations and regulatory oversight of the Central Bank of Nigeria (CBN), the management has recently appointed new directors to various divisions within the institution. The recent appointments at the Central Bank of Nigeria (CBN) are part of a new plan for 2024-2028, which
Chairman of the House of Representatives Committee on Finance Hon. James Faleke confidently stated that the newly enacted tax reform laws will be embraced by all Nigerians. He made this declaration during a focused interview with reporters on Thursday, following the House’s decisive review and approval of four critical tax