Nigerian Telecom Sector Outflows $2.16b in Foreign Exchange Annually   Nigeria's Ministry of Communication and Digital Economy announced that the telecommunications sector records an outflow of foreign exchange of approximately $2.16 billion per year. In light of the development, the Federal Government...

Nigerian Port Strikes Caused By CBN E-invoice Policy Implementation of e-invoices and e-evaluations by the Central Bank of Nigeria has created substantial problems at ports. A number of agents and freight forwarders working at the two ports have withdrawn their services,...

REPS- Failing To Modernize E-Customs Costs Nigeria, $8.810 Billion Yearly According to the Nigerian House of Representatives, a lack of custom modernization projects by the Nigerian Custom Service has led to a loss of $8.810 billion in revenue each year. Rep. Leke...

Nigeria's Fuel Crisis Worsens With Oil Prices Dropping Friday , 18-02-2022's oil price drop came as fuel scarcity continues to plague Nigeria, West Africa's largest economy. After climbing to $92.94 on Thursday, Brent crude future fell 1.52 percent to $91.46...

NNPC New Charge on Marketers to Lead to Higher Petrol Prices In a report published by The Leadership newspaper, marketers are raising the price of PMS at the pump to reflect the new charges to the NNPC. The report stated...

The Federal Government has handed over the 3.5GHz spectrum allocation for the deployment of Fifth Generation (5G) Networks to the Nigerian Communications Commission and other stakeholders in the industry. The Chairman of the National Frequency Management Council, Isa Pantami, who...