Banks Increase Charges by 50%, Now N6 per SMS Various banks have sent emails to their customers to inform them of the new rate of N6 for every SMS transaction with effect from today. These banks will commence implementation of charges for alerts and other short...

Customs Intercepts N921bn Medicaments, Others at Apapa Port The Comptroller General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has raised the alarm over the increasing presence of unregistered pharmaceutical products in different markets across the country, insisting that the dangers associated with its consumption...

Nigeria Needs $410bn to achieve energy transition, Says Bagudu The Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, has stated that synergy is critical to attract investment in clean energy as Nigeria requires $410 billion worth of clean energy to achieve net-zero emissions...

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 stakeholders. The customs service said 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 its regulatory licence. According to TechCabal...

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 to the Q1 financial reports...