Customs, Finance Ministry Seek Alternatives to suspended 4% FOB charge The Nigeria Customs Service (NCS) has begun consultations with the Federal Ministry of Finance on alternative funding sources after the government ordered the suspension of the four per cent Free-on-Board...

NGX Trading Recovers as Investors gain N310bn The Nigerian Exchange Limited investors gained N310bn at the close of trading on Wednesday as the benchmark All-Share Index rose 0.35 per cent. The market capitalisation of listed equities climbed to N89.9tn from N89.59tn...

Nigeria’s Crude Output Falls Short of OPEC Quota Despite January Gain Nigeria’s crude oil production fell again in August, reversing gains that had pushed the country above its OPEC quota for two consecutive months. This was against the backdrop of basking...

Nigeria to Receive First Dry-Lease Aircraft in 20 Years Nigeria’s aviation sector is set for a historic leap as the Minister of Aviation and Aerospace Development, Festus Keyamo, announced that the country will receive its first dry-lease aircraft in nearly...

FAAC Shares N2.225trn to States, Highest-ever Revenue in Nigerian History The Federation Account Allocation Committee (FAAC) has disbursed N2.225 trillion as federation revenue for August 2025—the highest ever allocation to the three tiers of government and other statutory recipients. This marks...

FG Disburses ₦330bn Cash Transfer to 8.1m Households The Federal Government has announced that it has disbursed a total of N330bn to 8.1 million households across the country under the National Social Safety Net Programme, aimed at cushioning the harsh...