Customs Arrests 344 Smugglers, Impounds N3bn Smuggled Rice   The Nigeria Customs Service (NCS) seized a total of N3.02bn worth of smuggled rice between May 2022 and May 2023. Data obtained from the service through its National Public Relations Officer, who is a Chief Superintendent of Customs,...

108,552 Retirees Receive N217bn, Says PenCom   No fewer than 108,552 annuitants received N216.66bn lump sum under the Contributory Pension Scheme as of the end of the first quarter of 2023, figures obtained from the National Pension Commission (PenCom) have revealed. This amounted to about a quarter...

Airfare Increases By 34.06% In One Year - NBS   From May, last year, airfare paid by air passengers for a single journey rose by 34.06 per cent from N55,906.86 to N74,948.78 in May 2023. The National Bureau of Statistics (NBS) made this known yesterday in its...

Meanwhile, in its assessment of JAMB results between 2013 and 2022, the Economic Confidential Magazine has listed 56 Best Unified Tertiary Matriculation Examination (UTME) candidates in the last 10 years who scored an average of 290 and above.

Fed Govt Targets N12bn From New Vehicle Tax   The Federal Government is set to make about N12bn a year from the N1,000 Proof of Ownership Certificate verification fee motorists are to pay. Last week, the Permanent Secretary, Lagos Ministry of Transportation, Abdulhafiz Toriola, disclosed this. He...

Report Reveals Real Estate Sector Paid N70bn VAT In Five Years   Value Added Tax (VAT) generated from the construction and real estate sector rose by 124 per cent from N10bn in 2018 to N22.45bn in 2022. An analysis of the National Bureau of Statistics’ quarterly VAT...