The Nigeria Customs Service (NCS) has announced the suspension of 4 percent Free-on-Board charge on value of imports, The Nation reports.According to the newspaper, the action was the outcome of the ongoing consultations with the Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun and other stakeholders.NCS
The Ogun State Governor, Prince Dapo Abiodun has disclosed that his administration is now focusing on the road that leads to the Federal University of Medicine and Medical Science, Ajibayo Village, Ajebo Road, in Obafemi Owode Local Government Area of the state.Governor Abiodun also noted that the state government, in
Nigeria can meet oil production targets and implement ambitious development programmes from deep-water oil and gas operations if it continues with policies to encourage investments and boost output in the sector, Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo,) Ronald Adams has said.“Deep water is a compelling consideration
Dangote Petroleum Refinery & Petrochemicals has reduced the cost of its diesel product to N1,020 per litre, down from N1,075 per litre at the gantry price, in an effort to better serve its customers and Nigerians in general.Since it began diesel production in January 2024, the refinery has reduced the
Nigeria’s largest telecom operator, MTN, has commenced the gradual implementation of a 50 percent tariff increase approved by the Nigerian Communications Commission in January.The adjustment, which is evident in the updated prices of data plans, leaves call and SMS rates unaffected for the time being. A senior executive from MTN,
The Speaker of the Lagos State House of Assembly, Princess Mojisola Lasbat Meranda, has committed a bill to establish the State’s research trust fund to a sub-committee of the House.Meranda also emphasised the need for tertiary institutions in the state to partake in effective research works for the benefit of
THE Manufacturers Association of Nigeria (MAN) has condemned the sudden implementation of a four per cent Free-on-Board (FOB) levy by the Nigeria Customs Service (NCS), warning that it could lead to de-industrialisation.Its Director-General, Mr Segun Ajayi-Kadir, made this known in a statement on Tuesday in Lagos.He said that this new
A non-profit organisation, Worship for Change, has raised N36.75 million meant to be disbursed to six deserving charities across the country.The organization disclosed that since its inception, it had raised and disbursed a total of N160 million, impacting 44 charities and transforming thousands of lives.The organization is dedicated to supporting
President Bola Tinubu has expressed profound sorrow over the death of Chief Joop Berkhout, a renowned publisher and Dutch national who lived in Nigeria for over 60 years.Chief Berkhout, 94, a naturalised Nigerian, made Ibadan, Oyo State, his home and dedicated his life to advancing Nigeria’s publishing industry.According to a
Ogun State Governor, Prince Dapo Abiodun has disclosed that plans are underway to establish ranching facilities to handle the processing of meat in the state.The governor dropped the hint when he hosted the Head of International Projects of SEMMARIS, Mr. Timothee Witkowski, and the Regional Agriculture Counsellor of the French