Customs Surpasses 2025 Revenue Target by ₦697bn
By Oluwakemi Kindness The Nigeria Customs Service (NCS) says it collected ₦7.281 trillion in 2025, surpassing its revenue target of ₦6.584 trillion by ₦697 billion, even as it identified systemic bottlenecks slowing trade at Nigerian ports. Comptroller-General of Customs, Adewale Adeniyi, disclosed this during the International Customs Day celebration and the official launch of the […]
Shell Announces Fresh $20bn Investment Plan in Nigeria
By Sofiat Adenekan-Abdul The Chief Executive Officer of Shell Plc, Wael Sawan, has commended President Bola Tinubu’s leadership, saying it has restored investor confidence and created a healthy climate for investments in Nigeria. Sawan made the remarks during a recent meeting with President Tinubu at the Presidential Villa, Abuja, where he disclosed that Shell and […]
NDIC, EFCC Strengthen Partnership to Recover Bank Assets
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to working with the Economic and Financial Crimes Commission (EFCC) to recover assets and debts from failed banks and prosecute individuals responsible for bank failures. NDIC Managing Director, Thompson Sunday, made this known during a courtesy visit by NDIC management to EFCC […]
Reps Rejects Minority Caucus Committee Report on Tax Laws
By Oluwakemi Kindness The House of Representatives has rejected claims that its Minority Caucus constituted an ad hoc committee to re-examine recently enacted tax laws, insisting that such a move has no legal or parliamentary backing. In a statement issued on Sunday, the House Spokesman, Akin Rotimi Jnr, clarifies that only committees constituted by the […]
Nigeria, Austria Reaffirm Bilateral Ties at High-Level Diplomatic Talks
By Zainab Bakare The Federal government and the Republic of Austria have reaffirmed their commitment to strengthening bilateral relations, multilateral cooperation, and partnerships across key strategic sectors. The commitment followed a high-level meeting between Minister of State for Foreign Affairs, Ambassador Bianca Odumiegwu-Ojukwu, and the Secretary-General of Austria’s Federal Ministry of International and European […]
House Minority Caucus Confirms Illegal Alterations in Nigeria’s Tax Laws
By Oluwakemi Kindness The House of Representatives Minority Caucus has confirmed that discrepancies exist between the tax laws passed by the National Assembly and the versions later gazetted by the Federal Government. The confirmation comes after Abdulsamad Dasuki raised alarms over the circulation of unauthorized versions of the laws. In response, the Minority Caucus, led […]
Afreximbank Cuts Ties With Fitch Ratings
By Oluwakemi Kindness The African Export-Import Bank (Afreximbank) has officially ended its credit rating relationship with Fitch Ratings. In a statement shared on its official X handle on Friday, the Bank says the decision followed a comprehensive review. It also notes that the current credit rating assessment no longer reflects a proper understanding of Afreximbank’s […]
Nigeria Records Over 4% Growth as Inflation Falls — Minister
By Oluwakemi Kindness Nigeria’s economy has recorded growth above four per cent while inflation has fallen sharply, according to the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole. The minister spoke during an interview with CNN on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland. Oduwole said the improvement reflects the […]
Nigeria Must Chase Global Investors to Create Jobs – Okonjo-Iweala
By Oluwakemi Kindness The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has urged the Nigerian government to deliberately target global investors and supply chain relocations to cut import dependence, boost local manufacturing, and create jobs. She spoke on Wednesday at Nigeria House during the World Economic Forum in Davos. Speaking at a […]
WCO, World Bank Train Nigeria Customs on Post-Clearance Audit
By Oluwakemi Kindness The Nigeria Customs Service (NCS), in partnership with the World Customs Organisation (WCO) and the World Bank Group (WBG), has commenced the WCO Accelerate Trade Facilitation Programme, aimed at strengthening customs modernisation, enhancing compliance, and improving trade facilitation in Nigeria. The programme, which began on Monday, 19 January 2026, focuses on reviewing […]