FG Inaugurates Cttee on Naira-based Crude Sale to Local Refineries  The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially inaugurated a technical sub-committee tasked with developing the framework for the sale of crude oil to local refineries in naira. This initiative...

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.