Senate to Impose N50m Fine on Unlicensed Insurance Firms The Senate has proposed a fine of N50m to the principal officers of insurance companies operating without valid licenses or that they be sentenced to a two-year prison term or both. It proposed this in a bill...

FG Commences Duty-free Import on Food Items The Nigeria Customs Service has commenced the implementation of the zero per cent import duty and exemption of Value-Added Tax on basic food items. This was after President Bola Tinubu approved the implementation of zero per cent import duty...

African Union Appoints Pantami as Co-Chair of the 4th Industrial Revolution Policy Council The African Union, through the African Scientific Research and Innovation Council (AU-ASRIC), has appointed Professor Isa Ali Ibrahim Pantami as a Co-Chairman for the formulation and development of the 4th Industrial Revolution...

VP Shettima, Customs Boss Adeniyi, Dangote, Others Honored at Economic Confidential Awards  Vice President Kashim Shettima, Comptroller General of Customs Bashir Adewale Adeniyi, and Aliko Dangote, President of the Dangote Group, have been recognized for their outstanding contributions to Nigeria's economic development. VP Shettima was awarded...

In order to ensure the sustainability of Nigeria's telecommunications Industry, stakeholders have identified the domestication of the telecom sector as an urgent and critical step. 

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has partnered with the Nigerian Postal Service (NIPOST) to offer a special 15 per cent discount on logistics services to small businesses.