Nigeria Moves to End Exports of Unprocessed Raw Material
By Julian Osamoto Nigeria could soon require exporters to process raw materials locally before shipment as the Raw Materials Research and Development Council (RMRDC) pushes legislation aimed at ending decades of exporting unprocessed commodities. The Council says the proposed law, which requires exporters to add at least 30 per cent value to raw materials before […]
128 Women Exporters Secure ₦980m WEIDE Grants
By Oluwakemi Kindness A total of 128 women-owned export-oriented Micro, Small and Medium Enterprises (MSMEs) have received grants worth 710,000 US dollars (about ₦980 million) under the Women Exporters in the Digital Economy (WEIDE) Fund to help expand their businesses into international markets through digital trade. The Nigerian Export Promotion Council (NEPC) announced the development […]
CAC Begins Process to Delist 100,000 Defaulting Companies
By Zainab Bakare The Corporate Affairs Commission (CAC) has begun the process of striking 100,000 companies off its register for failing to comply with statutory filing requirements. In a public notice issued on Wednesday, the Commission said the affected companies failed to file outstanding annual returns and other mandatory documents as required under the Companies […]
NSITF Restores Hope To 78 Injured Workers With Prostheses
By Chinedu Echianu The Nigeria Social Insurance Trust Fund (NSITF) has provided prosthetic limbs and rehabilitation support to 78 workers who sustained permanent disabilities from workplace accidents, completing the latest phase of its Prosthesis Provision Exercise aimed at restoring mobility, independence and livelihoods. Speaking during the presentation of the programme’s final report in Abuja, the […]
Nigeria’s Import Duty Waivers Hit N34tn In 2025 – Customs
By Anayo Akwitti Nigeria’s import duty exemptions have climbed to ₦34 trillion in 2025, with the Nigeria Customs Service (NCS) attributing the surge largely to government-backed waivers on military hardware and strategic imports. The Comptroller-General of Customs, Bashir Adeniyi, disclosed this on Monday during an investigative session with the Senate Committee on Finance, explaining that […]
Customs Reaffirms Drive to Ease Business in Nigeria
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has reaffirmed its commitment to improving Nigeria’s ease of doing business, saying ongoing reforms are removing trade bottlenecks and making it easier for compliant businesses to operate. Comptroller-General of Customs, Adewale Adeniyi, gave the assurance during a courtesy visit by the management of Renaissance Africa Energy Limited […]
NLC Defends ₦1M Minimum Wage, Says Corruption Drives Poverty
By Chinedu Echianu The Nigeria Labour Congress (NLC) has blamed corruption and successive governments’ failure to prioritise workers’ welfare for the rising poverty level in the country, insisting that wages are not responsible for Nigeria’s economic challenges. Deputy General Secretary of the NLC, Benson Upah, stated this in an interview with newsmen while defending organised […]
Court Upholds FCCPC Probe of Airline Ticket Complaints
By Oluwakemi Kindness The Federal High Court in Abuja has affirmed the authority of the Federal Competition and Consumer Protection Commission (FCCPC) to investigate consumer complaints over airline ticket prices, ruling that such investigations do not amount to government regulation of fares. The FCCPC, in a statement on Friday by Ondaje Ijagwu, Director of Corporate […]
NNPC Seals $20bn in Gas Deals Within a Year
By Mardiyyah Abubakar The Nigerian National Petroleum Company (NNPC) Limited says it signed gas sale and purchase agreements worth more than $20 billion in the past year and cut operating costs by $3.4 billion through reforms and contract optimisation. Group Chief Executive Officer Bayo Ojulari disclosed this on Tuesday at the 25th NOG Energy Week […]
CBN: Standard ₦100 Note Remains Valid Legal Tender
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) on Wednesday clarified that the standard ₦100 banknote remains legal tender and must be accepted for all transactions across the country. In a statement by Hakama Sidi-Ali, Acting Director of Corporate Communications, the apex bank says the clarification followed reports that some individuals and businesses had […]