Reps Peg VAT at 7.5%, Adopt Tax Reform Bills  The House of Representatives on Thursday considered and adopted the four tax reform bills. The bills were adopted after a clause-by-clause consideration and approval at the Committee of the Whole, chaired by the Speaker, Abbas Tajudeen. With the...

Customs Launches Scheme to Renovate Schools, Build Clinics, Provide Aid to Nigerians By Tahir Ahmad The Nigeria Customs Service (NCS) has launched a Corporate Social Responsibility (CSR) Unit to spearhead impactful programs under its newly-introduced "Customs-Cares" initiative. This initiative aims to deepen community engagement and national development. The...

Africa's Oil and Gas Projects to Gulp $43bn in 2025  The African Energy Chamber’s State of African Energy 2025 Outlook Report has projected capital expenditure of $43 on oil and gas projects in Africa in the current year. This highlights strong investment trends, with West and...

Lagos Now Africa’s Second-largest City with $259 billion GDP - Report Lagos State’s Gross Domestic Product (GDP) has hit an impressive $259 billion based on purchasing power parity (PPP), making it Africa’s second-largest city economy. With the feat, Lagos now trails only Cairo, Egypt. This was disclosed...

NRC to Reactivate Nguru, Idogo Lines to Convey Farm Produce The Managing Director of the Nigerian Railway Corporation (NRC), Comrade Dr Kayode Opeifa, has assured that the corporation would leverage the success of the recently reactivated freight movement to open more routes for massive freight...

Reps Move to Restrict Foreign Vessels in Domestic Coastal Activities The House of Representatives has taken steps to strengthen Nigeria’s shipping sector with a proposed amendment to the Coastal and Inland Shipping (Cabotage) Act, 2003 to restrict operations of foreign vessels in domestic coastal activities. The...