NECA Raises Alarm Over Customs' FOB Charge, Predicts N2.84trn Burden
The Nigeria Employers’ Consultative Association (NECA) has warned that the newly introduced four per cent Free On-Board valuation on imports by the Nigeria Customs Service will impose an additional N2.84tn in costs on businesses, worsening...
AfDB Expresses Concern Over Slow Progress of Nigeria's $210m Agro-Industrial Project
The African Development Bank (AfDB) has expressed dissatisfaction over the slow progress of the first phase of Nigeria’s Special Agro-Industrial Processing Zones project, raising concerns about the disbursement of the $210m loan allocated for...
NEITI Reveals Oil and Gas Industry's $6.1bn Debt to FG
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the oil and gas industry owes the federal government a whopping $6.1 billion in outstanding liabilities as of August 2024.
These are made up of outstanding...
FG Rolls Out $23bn Programme to Revamp Nigeria's Power Sector
The Federal Government has launched a bold initiative to bridge Nigeria's electricity gap, unveiling an ambitious energy access program aimed at revolutionizing the country's energy sector.
It said the programme will require $23.2bn, out of which...
FAAN MD Stands Firm on N580bn Runway Upgrade Amid Criticism
The Managing Director of the Federal Airports Authority of Nigeria (FAAN) Olubunmi Kuku has strongly defended the proposed N580 billion runway upgrade project, amidst growing criticism. In a show of conviction, the MD vowed to...
FG Approves N4bn Conditional Cash Transfer for Vulnerable Households
The Federal Government of Nigeria has given the green light for a N4 billion conditional cash transfer program aimed at supporting vulnerable households across the country.
During the launch of the 2025 Nigeria Humanitarian Needs and Response...
