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Apapa Customs Collects N1.8tn Revenue in 10 months

Apapa Customs Collects N1.8tn Revenue in 10 months The Nigeria Customs Service (NCS) Apapa Area Command said it collected N1.8tn as revenue between January and October 2024. The Customs Area Controller in charge of the command, Babatunde Olomu, disclosed this while addressing journalists at the command...

Imported Rice Price Surges by 114%

Imported Rice Price Surges by 114% The average price of imported high-quality rice sold loose has surged by 144.77 percent year-on-year as the Federal Government delays implementing its duty-free food policy. This is according to the selected food prices report from the National Bureau of Statistics...

FG Initiates Plan for Local Manufacturing of Electric Vehicles

FG Initiates Plan for Local Manufacturing of Electric Vehicles The Federal Government through the National Automotive Design and Development Council (NADDC) has initiated a process to begin the manufacturing and assembling of electric vehicles locally. It is planning a collaborative partnership with a Moroccan firm to...

JUST IN: Dangote Refinery Discloses Price of Petrol

JUST IN: Dangote Refinery Discloses Price of Petrol Dangote Refinery has disclosed the price of its petrol, saying that it sells at N990 per litre in trucks and N960 per litre into ships. The disclosure follows the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Petroleum...

Credit to Government by Banks Hit N42trn in September – CBN

Credit to Government by Banks Hit N42trn in September - CBN The Central Bank of Nigeria (CBN) says credit extended to the government by banks surged to N42.02 trillion in September 2024, representing a 78.6 percent increase from N23.52 trillion in January. Credit to the government...

Court Orders Final Forfeiture Of $2.04m, Properties, Shares Linked to Emefiele

Court Orders Final Forfeiture Of $2.04m, Properties, Shares Linked to Emefiele The Federal High Court sitting in Lagos on Friday ordered the final forfeiture of the sum of $2.045m, seven choice landed properties and share certificates linked to the former Governor of the Central Bank...