NCS: Nigeria Deepens West African Trade to Harness $3.4trn AfCFTA Market The Nigeria Customs Service is intensifying efforts to boost intra-regional trade with West African countries as it positions to leverage opportunities within the $3.4 trillion African Continental Free Trade...

No Immediate Plan to Implement 5% Fuel Tax, Says Edun The Federal Government has no immediate plan to implement the 5 percent Petroleum Products Tax as contained in the Tax Administration Act, 2025. The Minister of Finance and Coordinating Minister of...

Nigeria’s Packaging Industry Growth Rises $2.5bn Nigeria’s manufacturing sector has been described as a crucial driver of economic growth, as new data shows the country’s packaging industry is valued at $2.5 billion and projected to expand by about 5 percent...

FIRS, EFCC Partner to Enforce Tax Compliance The Federal Inland Revenue Service has said that the Economic and Financial Crimes Commission is key in its drive to enforce voluntary tax compliance. According to a statement from the service on Tuesday, the...

31 States Domestic Debt Rises to N2.57tn Amid Zero Capital Inflows Thirty-one Nigerian states are grappling with a combined domestic debt profile of N2.57 trillion, with no foreign capital inflows recorded in the first quarter of 2025. The latest figures from...

NIWA Bans Operations of Unlicensed Boats to Boost Waterway Safety The National Inland Waterways Authority has announced an immediate ban on all loading activities from unauthorised points across the country to curb boat accidents and improve safety on Nigeria’s inland...