Reps Demands Beneficiary List of N34trn Customs Duty Waiver   The House of Representatives Committee on Finance has directed the Nigeria Customs Service to provide a comprehensive breakdown of the approximately N34tn worth of import duty waivers granted in 2025, demanding details of the beneficiaries, the...

FG Approves N3.6bn Skills Devt Fund for Artisans   The Federal Government has approved N3.6bn to support tailors under the Industrial Training Fund’s Skill Up Artisans Programme as part of efforts to strengthen Nigeria’s informal sector, create jobs and produce globally competitive artisans. The Director-General and Chief...

Power Sector Loses N2.6bn to Transmission Faults in 3 Months   Nigeria’s electricity transmission losses cost the power sector an estimated N2.61bn in the first quarter of 2026 as the Transmission Company of Nigeria failed to meet the loss target set by the Nigerian Electricity Regulatory...

FG Targets N30trn Mining Sector Through Major Reforms   The Federal Government on Thursday reaffirmed its ambition to expand Nigeria’s solid minerals industry 25-fold to about N30trn, equivalent to approximately $21bn, by 2030, as reforms in the sector continue to attract fresh investments and significantly increase...

Senate Approves Customs’ N1.3trn Budget, N11trn Revenue Target   The Senate on Wednesday approved the 2026 budget proposal of the Nigerian Customs Service, endorsing a revenue target of N11.074tn and an expenditure estimate of N1.295tn for the 2026 fiscal year. The approval followed the consideration and adoption...

Debt: Foreign Airlines, Companies Owe NAMA Over N67bn   Foreign airlines and other organisations owe the Nigerian Airspace Management Agency (NAMA) more than N67bn in unpaid charges, a debt burden that is deepening the financial strain on the country’s air navigation service provider and threatening industrial...