FG E-Modernisation Project Gulps N139bn - Customs The Comptroller General of Customs, Col. Hameed Ali says the promoters of the Nigeria Customs E-Modernisation project have committed $300 million; about N139 billion since the commencement of the project. The Nigeria Customs Service and a consortium, Trade Modernisation...

FG To Auction Fourth N360bn Savings Bond in 2023 - DMO The Debt Management Office (DMO) has called for a subscription for a new N360bn savings bond. The DMO in a statement yesterday stated that it is receiving the subscription by auction and called for applications...

IOC, NNPCL Discover Oil in OML 102 Nigeria’s oil and gas output may get a boost as the TotalEnergies EP Nigeria and the Nigerian National Petroleum Company Limited Joint Venture have reported oil discovery in offshore Oil Mining License 102. In a statement on Tuesday, the...

Stock Market Capitalisation Rises by N1.2tn The Nigerian stock market posted significant growth on Tuesday as market capitalisation soared by four per cent (N1.22tn) to N31.6tn. The strong rebound by the Nigerian stock market came as investors welcomed the news of the suspension of the CBN...

Import Tax: FG Eyes N124bn from 0.5% Imposition The Federal Government is set to make about N124.26bn in a year from the imposition of a 0.5 per cent import tax on goods introduced in Finance Bill 2023. The Finance Bill 2023 which was signed into law...

FG Approves Two Oil Export Terminal Licences to Generate $11bn The Federal Government has issued and signed licences for the establishment of two crude oil export terminals, capable of generating $11bn revenue annually for the country. It issued the licences through the Nigerian Midstream and Downstream...