By Martha Agas The Nigeria Customs Service (NCS) says it will deploy an Electronic-Currency (E-Currency) declaration form as part of its anti-money laundering measures for travellers carrying cash into and out of Nigeria. The service spokesperson, Abdullahi Maiwada announced this in an interview with the News Agency of Nigeria (NAN)Continue Reading
By Nana Musa 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,Continue Reading
By Martha Agas The Nigeria Customs Service (NCS) has waived import duty and Value Added Tax (VAT) on critical raw materials essential for pharmaceutical production for a period of two years. Its Spokesperson, Abdullahi Maiwada, made this known in a statement on Wednesday in Abuja. Maiwada explained that the waiverContinue Reading
By Lucy Ogalue The Standards Organisation of Nigeria (SON) says it is intensifying efforts to standardise locally manufactured products, including Made-in-Aba brands, in order to enhance both local and international acceptance. SON’s Director of Region (South East), Aharanwa Chuks, communicated this in an interview with the News Agency of NigeriaContinue Reading
By Ginika Okoye The Independent Media and Policy Initiative (IMPI), a policy think-tank, has lauded President Bola Tinubu’s economic reforms in spite of diverse opposition. A statement by the group’s Chairman, Dr Omoniyi Akinsiju, in Abuja on Wednesday, said that the risk assessment of the Tinubu’s reforms doneContinue Reading
By Kadiri Abdulrahman The Debt Management Office (DMO) says the Federal Government has been able to raise a total of N1.09 trillion through the Sovereign Sukuk since 2017, to support infrastructure development. The Director-General of the DMO, Patience Oniha, said this on Wednesday in Lagos, during “an all parties meeting”Continue Reading
By Vivian Ihechu The Managing Director of Citizens Pensions Ltd., Helen Da-Souza, has highlighted the need for in-depth education to ensure citizens understand their pension contributions and avoid misconceptions. Da-Souza said this at the unveiling of Citizens Pensions Ltd. in Lagos on Tuesday. She emphasised that the pension planContinue Reading
By Constance Athekame The Nigerian Electricity Regulatory Commission (NERC) on Tuesday announced that Electricity Distribution Companies (DisCos) collected N509.84 billion in the fourth quarter of 2024 out of the N658.40 billion billed to customers. This was disclosed in NERC’s 2024 Fourth Quarter Report. According to the report, this translates toContinue Reading
By Taiye Olayemi United Bank for Africa (UBA) Plc has recorded N766.6 billion as profit after tax for the year ended Dec. 31, 2024. This represents 26.14 per cent increase when compared to N607.7 billion posted same period of 2023. ThisContinue Reading
By Grace Alegba The Naira appreciated on Monday at the official market, trading at N1,531.19 to a dollar. Data from the Central Bank of Nigeria (CBN) website showed that the Naira gained N5.70. This represents a 0.37 per cent gain when compared to the N1,536.89 per dollar recorded on Friday,Continue Reading
