N1.7bn Worth of Vehicles, Others Intercepted by Customs   The Nigeria Customs Service, Federal Operations Unit Zone A, Ikeja, said it recorded 82 interceptions, including used vehicles popularly known as Tokunbo and other contrabands worth N1.7bn within the last four weeks. The Customs Area Controller in charge...

Customs Uncover $578,000 Hidden Cash, Hand Over Suspect to EFCC   The Nigeria Customs Service, Murtala Muhammed International Airport Command, said it intercepted a total of $578,000 falsely declared by an inbound passenger coming into Nigeria from South Africa. The Customs Area Controller in charge of the...

Nigeria Spends $4bn on Steel Imports Annually   The Minister of Steel Development, Prince Shuaibu Abubakar Audu, has said Nigeria imports about $4 billion worth of steel annually, stressing the need for import substitution to reduce pressure on foreign exchange (forex). Speaking during a visit to the...

FG Attracts $14bn, €250m Investments From Netherlands, India   Nigeria has secured an investment of $14bn from India, spanning multiple sectors, according to the Minister of Foreign Affairs, Yusuf Tuggar. The announcement was made during the 5th Ministerial Press Briefing in Abuja on Thursday. In addition to the...

FG to Disburse N400bn Gas Fund to Beneficiaries in 2 Weeks The Federal Government has said that it is going to provide another N400bn gas infrastructure fund to beneficiaries of the scheme in the next two weeks. The Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, disclosed...

CBN Uncover N2.3m Unauthorised Naira Transactions    The Central Bank of Nigeria (CBN) has raised concerns over the increasing trend of illicit transactions involving banknotes, warning that the practice threatens the stability of the financial system. CBN Governor, Olayemi Cardoso, disclosed this on Thursday at the Bank’s...