Customs Seize ₦1.3bn Smuggled Vegetable Oil
The Nigeria Customs Service (NCS) says it seized ₦1.314bn worth of smuggled vegetable oil products across 2025 and 2026, as part of intensified efforts to curb illegal imports and protect local industries.
Comptroller-General Adewale Adeniyi disclosed the figures during a...
CBN Increases Foreign Tuition Limit to $25,000
The Central Bank of Nigeria (CBN) has increased the maximum foreign exchange remittance for tuition payments by Nigerian students studying abroad to $25,000 per semester, up from the previous cap of $15,000.
The adjustment is contained in the CBN...
FG, World Bank Restructure $500m Education Programme
The Federal Government and the World Bank have restructured the $500m HOPE for Quality Basic Education for All programme, cutting funding allocations tied to the construction of new classrooms while expanding the number of states eligible for targeted...
FG Seeks AfDB Support for $7bn Aviation Plan
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has met with the President and governors of the African Development Bank in Congo over the proposed $7bn Integrated Aviation Transformation Programme for Africa.
The meeting was held as...
FEC Okays $2.99bn for Three Major Rail Projects in Lagos, Kano, Kaduna
The federal executive council (FEC) has approved contracts worth $2.99 billion for three major rail projects in Lagos, Kano, and Kaduna states.
Speaking with State House correspondents after the weekly FEC meeting in Abuja...
