Customs, Finance Ministry Seek Alternatives to suspended 4% FOB charge The Nigeria Customs Service (NCS) has begun consultations with the Federal Ministry of Finance on alternative funding sources after the government ordered the suspension of the four per cent Free-on-Board (FOB) charge on imports. The directive,...

FG Disburses ₦330bn Cash Transfer to 8.1m Households The Federal Government has announced that it has disbursed a total of N330bn to 8.1 million households across the country under the National Social Safety Net Programme, aimed at cushioning the harsh effects of economic reforms on...

No Immediate Plan to Implement 5% Fuel Tax, Says Edun The Federal Government has no immediate plan to implement the 5 percent Petroleum Products Tax as contained in the Tax Administration Act, 2025. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun,...

Tinubu Orders Stricter Regulation of Stablecoin Operations President Bola Tinubu has directed financial and capital market authorities to monitor the increasing use of stablecoins and digital currencies in Nigeria, cautioning that the shift away from traditional banking systems presents emerging challenges that must be proactively...

Tinubu's Reform Agenda Yields Results as $20M PepsiCo-DP World Facility Launched in Lagos The Federal Government has reaffirmed its commitment to economic reforms and private sector–driven growth as PepsiCo and DP World unveiled a $20 million production facility in Lagos, signalling renewed investor confidence in...

Edun, Cardoso Vow Stronger Fiscal, Monetary Coordination The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and the Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, have pledged to strengthen coordination between fiscal and monetary authorities to consolidate Nigeria’s...