News
The Nigerian Customs Service (NCS), Area 2 Command in Onne, Rivers State, has announced that it generated over N190 billion in revenue during the first quarter of 2025. Comptroller Mohammed Babandede, the Customs Area Controller, disclosed this at a news briefing in Onne. In addition to the revenue generated, the Command also seized 20 […]
The Nigerian currency showed signs of weakness during midweek trading at the unofficial market, despite improvements in the country’s official market. The naira traded at N1,620 to $1, compared to N1,605 to $1 the previous day, indicating a depreciation. However, traders remain cautiously optimistic as the spot market reflects a stronger naira value […]
The Federal Road Safety Corps (FRSC), Ogun Sector Command, has urged motorists to strictly adhere to traffic regulations during the Easter celebration to ensure safety and reduce accidents on the roads. The call was made by Mr. Memee Timothy, the Ifo Unit Commander, who stressed the dangers of speeding, wrongful overtaking, driving against traffic, overloading, […]
President Bola Tinubu has declared a national emergency on food security, calling for the expansion of irrigation infrastructure and inclusive water resource management. He made this known during the 6th African Regional Conference on Irrigation and Drainage held in Abuja. Represented by Secretary to the Government of the Federation, George Akume, the President stressed […]
The inaugural Indian Trade Expo 2025, organized by the High Commission of India, Abuja, in association with the Indian Professionals Forum, was held at the Landmark Event Centre in Lagos, Nigeria, aimed to foster stronger economic ties between Nigeria and India. The event served as a platform for discussions on overcoming challenges such as trade […]
The World Bank may approve a total of $1.13 billion in loans for Nigeria before the end of March 2025. The loans are part of ongoing efforts to support Nigeria’s economic resilience, health security, and education reforms. According to information published on the World Bank’s website, three key projects are at the stage of negotiation, […]
The Nigeria Employers’ Consultative Association (NECA) has strongly condemned the Financial Reporting Council of Nigeria (FRC) over the imposition of high annual dues on private and non-quoted companies. In a statement, NECA warned that the move could cripple businesses and stifle economic growth. According to NECA, the new policy significantly increased the annual dues of […]
The Standards Organisation of Nigeria (SON) has intensified efforts to enhance product certification and support manufacturers by decentralising its laboratory network and introducing a temporary Product Identification Scheme. Speaking at a stakeholders’ forum on the Mandatory Conformity Assessment Programme for all products manufactured in Nigeria and the Logo launch ceremony at MAN House on […]
The Nigerian Exchange commenced the new trading week on a positive note, recording a market capitalisation increase of N52.17bn. At the close of trading on Monday, the All Share Index inched up by 83.31 points to settle at 106,621.91 points, reflecting a year-to-date gain of 3.59 per cent. The overall market capitalisation stood at N66.8tn. […]
Lagos State Governor Babajide Sanwo-Olu has unveiled the Certified Accreditors’ Programme (CAP), a regulatory framework aimed at preventing building collapses and promoting sustainable urban development in Lagos. The governor launched the program at an event in Ikeja, emphasizing its role in safeguarding lives and property, while also driving economic growth and job creation. The CAP […]
