Import duty: FG summons 80 private jets owners over operating papers The Federal Government through the Nigerian Customs Service has begun a fresh move to clamp down on operators of improperly imported private jets into the country, findings by The PUNCH have revealed. Consequently, no fewer than 80 operators of […]

The Chairman and CEO of Dangote group, Aliko Dangote has disclosed that the company is planning to set up a terminal in the Caribbean to export petroleum products to countries in the North American region. Dangote who made this disclosure on Wednesday at the Afreximbank’s Trade and Investment Forum in […]

Africa’s richest man, Alhaji Aliko Dangote has mooted plans to delve into steel production in the near future stating that he wants to ensure that every steel used in West Africa comes from Nigeria. The industrial mogul stated this during an interview at the ongoing Afreximbank Afro-Caribbean Trade & Investment Forum […]

Nigeria’s average crude oil production in May dropped to 1.25 million barrels per day (bpd) from 1.28 million bpd recorded in April 2024, according to direct communication from the Organisation of Petroleum Exporting Countries (OPEC). This data comes from the OPEC Monthly Oil Market Report for May, based on direct […]

PRESIDENT TINUBU APPOINTS NEW DIRECTOR-GENERAL OF THE BUDGET OFFICE OF THE FEDERATION President Bola Tinubu has approved the appointment of Mr. Tanimu Yakubu as the Director-General of the Budget Office of the Federation, following the expiration of the tenure of Mr. Ben Akabueze. Mr. Yabuku is an accomplished economist and […]

Credit scheme: FG to integrate credit score into NIN, targets 80 million Nigerians The Federal Government has said it would leverage the National Identification Number (NIN) to document the credit behaviour of every Nigerian under its consumer credit scheme. The Chief Executive Officer of the Nigerian Consumer Credit Corporation (CREDICORP) […]

Wale Edun, the minister of finance and coordinating minister of the economy, has announced the approval of two major “financial support packages” by the World Bank — valued at $2.25 billion. According to a statement on Thursday, this is part of President Tinubu’s ongoing efforts to stabilise the economy, reposition […]

The Naira yesterday depreciated in the parallel market to N1,500 per dollar from N1,485 per dollar on Tuesday. Similarly, the Naira depreciated to N1,476.24 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,476.24 per dollar from […]

The African economy is projected to continue its recovery, with an expected growth rate of 3.5 percent and 4 percent in 2024 and 2025, respectively, as African Continental Free Trade Area (AfCFTA) is seen to boost growth. “The forecast steady growth trajectory signals economic recovery and stability,” said Yemi Kale, […]