Blog
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Global manufacturers are reviving “tariff engineering” to reduce duties by altering product designs, materials, or dimensions. This legal strategy allows companies to bypass higher costs while staying compliant with trade regulations, reshaping how businesses navigate the global market. Key Highlights – *Tariff Optimization*: Companies are using tariff engineering to optimize their supply chains and […]
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has suspended its strike following the Lagos State Government’s commitment to negotiate the contentious N12,500 electronic call-up levy on tankers along the Lekki-Epe corridor. The strike was paused after the state agreed to engage IPMAN’s National Executive Committee and the Nigerian Association of Road Transport Owners (NARTO) […]
The Presidential Compressed Natural Gas Initiative (PCNGi) has rolled out a concessionary autogas supply and pricing framework to stabilize pricing and enhance supply in Nigeria’s booming auto CNG market. This initiative aims to support Nigeria’s transition to sustainable transportation with expanded refueliFramework to Meet Surgingng infrastructure. Key Highlights – *Stabilizing Pricing*: The framework is […]
The Christian Association of Nigeria (CAN) has warned that ongoing killings in Benue State, known as Nigeria’s food basket, threaten the country’s food security. Over 200 people were killed in Yelwata community, Benue State, in one of the deadliest attacks in recent years. CAN condemned the killings and demanded urgent action by the Federal Government […]
The Trump administration is considering imposing a travel ban on Nigeria and 35 other countries, mostly from Africa, according to a State Department memo reported by The Washington Post. The proposed ban could restrict entry to citizens from these additional countries, with Nigeria being one of the most populous nations affected. Countries Affected by […]
The Central Bank of Nigeria (CBN) has directed banks operating under regulatory forbearance to suspend dividend payments, defer bonus for executives, and halt investments in foreign subsidiaries. This move aims to strengthen the banking sector’s resilience by ensuring stronger capital bases and genuine capital injections. Key Highlights – *Strengthening Bank Capital*: The CBN’s decision […]
The Nigerian Exchange Group (NGX) and the Securities and Exchange Commission (SEC) are strengthening their partnership with China to enhance Nigeria’s capital market as a hub for cross-border investments. This move aims to position Nigeria as a strategic platform for investment flows between Nigeria and China. Key Highlights – *Deepening Capital Market Partnerships*: NGX Group’s […]
Smart farming, also known as precision agriculture, has been proposed as a key solution to address food insecurity in Nigeria. This was a major takeaway from the maiden edition of the Smart Agri-Tech Summit, organized by Smart Farm Initiative. The summit’s theme, “The Future of Smart Farming: Embracing Technology for Sustainable Agriculture,” highlighted the importance […]
Aliko Dangote, President of the Dangote Group and founder of the $20 billion Dangote Petroleum Refinery, has hinted at a significant transformation in Nigeria’s downstream oil sector. He described the upcoming move as a “major shakedown,” not related to fuel price cuts, but rather a complete restructuring of the sector. Speaking after President Bola Tinubu’s […]
Olori Solape Christianah Abolarin, the wife of the Orangun of Oke-Ila, Oba Adedokun Abolarin, has passed away. As of Tuesday afternoon, the exact circumstances of her death were not yet known. Osun State Governor, Ademola Adeleke, expressed deep sorrow over her passing in a statement released by his spokesperson, Olawale Rasheed. The governor described Olori […]
