Customs Revenue Increases by 33% in Nine Months The Nigeria Customs Service (NCS) has said it collected N4.28tn as revenue between January and September 2024. The NCS, in a document said the N4.28tn represents a 33 per cent increase compared to the N3.21tn the service collected...

Oil Sector Draws $5m Foreign Investment in Q2 Efforts of the government to bring in investors to Nigeria’s oil and gas sector appear not to have yielded the desired result as the sector only attracted $5m foreign investment in the second quarter of the year,...

MWFAAN Engages Presidential Aide Over Legacy Conference In effort to galvanize stakeholders for her forthcoming Legacy Conference, the Mandela Washington Fellowship Alumni Association of Nigeria (MWFAAN) paid a courtesy visit to Rinsola Abiola, Senior Special Assistant to President Bola Ahmed Tinubu on Citizenship and Leadership. The...

Nigeria Unveils 150 million-litre Jet Fuel Depot The Minister of Aviation and Aerospace Development, Festus Keyamo, has unveiled the Joint User Hydrant Installation 2 (JUHI-2) with a storage capacity of 150 million litres of Jet A1 fuel. The facility is described as the largest airside jet...

Inflation Pushes 129 million Nigerians into Poverty – World Bank Report The World Bank has released the Nigeria Development Update report, stating that over 129 million Nigerians are currently trapped in poverty. It released the report on Thursday in Abuja as headline inflation rises, forcing millions...

After IMTOs Engagement, Remittances Rose to Almost $600m in September – Cardoso The Central Bank of Nigeria (CBN) says remittance inflows rose to almost $600 million as of the end of September. Olayemi Cardoso, CBN governor, announced at a special summit dinner organised by the Nigerian...