MAN Opposes 4% FOB Levy Reintroduction The Manufacturers Association of Nigeria (MAN) has opposed plans by the Nigeria Customs Service to re-introduce the 4% Free-on-Board Levy. Thee federal government had in February suspended the levy following a stiff resistance from the...

Zap Operation: CBN Fines Paystack ₦250m over Licencing Breach, Others Nigeria’s Central Bank has fined fintech company Paystack, ₦250 million ($190,000) for allegedly operating its newly launched consumer product, Zap by Paystack, a peer-to-peer money transfer app in violation of...

Nigeria Pledges Support as BRICS Drives Security, AI Governance Agenda By Umar Farouk Bala Nigeria has reaffirmed its commitment to multilateralism and inclusive global governance, pledging support for key BRICS priorities in peace and security, artificial intelligence governance, and health cooperation. Speaking...

Dangote Leads with 60% Gross Profit Margin in Q1 Dangote Cement, Nigeria’s largest producer of cement and one of the country’s most capitalised firms, outperformed industry peers to become the most efficient cement maker in the first quarter of 2025. According...

Naira Appreciates Further, Trades N1,599.70/$ at Official Market The naira on Tuesday traded N1,599.70/$ at official market maintaining stability in the foreign exchange (FX) market despite the drop in external reserves. The Central Bank of Nigeria’s exchange data showed that it...

NBS Launches Crowd-sourced Data to Boost Real Time Tracking The National Bureau of Statistics (NBS) has announced the launch of a data centre for prices of food commodities. A statement by NBS Head of Public Relations, Folorunso Alesanmi said the prices...