The newly opened Tsamiya Dry Port in Kebbi State has established a clearing office in Kano to enhance trade for businesspeople in Northern Nigeria. During the inauguration of the Kano office on Wednesday, the Comptroller General of the Nigeria Customs Service (NCS), Bashir Adeniyi, represented by the Zone B Comptroller, ACG Sambo Dangaladima, highlighted the…
The Nigerian naira faced depreciation thrice against the US dollar. Data from FMDQ revealed that on Friday, the naira slumped to N1,169.99 per dollar, marking a significant decline from Thursday’s rate of N1,154.08, translating to a loss of N15.91. This downward trend commenced on Tuesday, marking the first depreciation in months following a period of…
The Tin-Can Island Command of the Nigeria Customs Service (NCS) has reported a substantial revenue generation exceeding two hundred and forty billion naira for the year 2024. This significant milestone was disclosed by the Comptroller of the Command, Mr. Dera Nnadi, during a press briefing held in Lagos. Mr. Nnadi clarified that the revenue figures…
The National Bureau of Statistics (NBS) has reported a surge in Nigeria’s headline inflation rate, reaching 31.70 percent in February, a notable increase from January’s 29.90 percent. According to the Consumer Price Index and Inflation Report for February released by the NBS on Friday afternoon, there was a 1.80 percent rise from January’s figures. Comparatively,…
The latest findings from the National Bureau of Statistics (NBS) have pinpointed Kogi, Rivers, and Kwara states as the epicenters of soaring food prices across Nigeria. According to the NBS’s recent Consumer Price Index and Inflation report released on Friday, Kogi recorded a staggering 46.32 per cent increase, closely followed by Rivers at 44.34 per…
The naira experienced a decline to N1,620 per dollar in the unofficial parallel market yesterday, falling from N1,615 per dollar on Tuesday . Similarly, the naira depreciated to N1,615.94 per dollar in the Nigerian Foreign Exchange Market (NAFEM) on the same day. According to data from FMDQ, the indicative exchange rate for NAFEM increased to…
In a pivotal meeting held in Abuja, Senator Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), affirmed the Federal Government’s dedication to resolving the ownership discord surrounding the Atala Oil Field, a key asset of Bayelsa State. The commitment was voiced during a courtesy visit by a delegation from Bayelsa State Government, led by Governor…
Edited by Afolabi Hannah Finance Minister Wale Edun has stated that the N22.7 trillion printed by the Central Bank of Nigeria through Ways and Means overdraft for the Federal Government from 2015 to 2023, under former President Muhammadu Buhari, threw the country into the present inflation. Edun, who made the complaint on Wednesday during an…
In a momentous event at the Qatar Presidential Palace, President Bola Ahmed Tinubu and the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, presided over the signing of groundbreaking agreements, marking a significant stride in the bilateral ties between the two nations. The comprehensive agreements span various key areas, including education, enterprise development, investment…
In a landmark ruling, the Federal High Court, Abuja, has delivered a decisive verdict restraining key government officials and entities from encroaching on the Centenary Economic City Free Zone along Airport Road, Abuja. Judge Inyang Ekwo, in a historic judgement, has issued a sweeping injunction preventing Minister of Federal Capital Territory (FCT), Nyesom Wike,…
