News

inDrive Introduces 'Light Cashless' Bank Transfer Feature In Nigeria   . Enhances Safety, Convenience For Riders, Drivers   By Abimbola Abdullah inDrive, a ride-hailing platform operating in nine African countries, has introduced "Light Cashless,"...

32 Years After, NPA Increases Port Tariff By 15%     By Frederick Wright The Nigerian Ports Authority (NPA) has reviewed port tariff upward by 15%, after 32 years of operating stiff charges.   The...

Electricity Workers Picket IBEDC For Sacking Staff . Affected Staff Sacked Due To 'Poor Performance', Says Management . Our Staff Are Not On Strike, Firm Insists   By Sulaimon Salau Aggrieved Electricity Workers under...

Maersk Reports $6.5 Billion Profit   By Sulaimon Salau   A.P Moller - Maersk reports strong financial results for 2024 with growth across all segments and significantly improved profitability with EBIT increasing 65%...

NAHCON Moves To Reduce Hajj Costs, Unveils Strategies . Seeks Waiver From CBN On 2% Forex Charge   By Sulaimon Salau The National Hajj Commission of Nigeria (NAHCON) has intensified efforts to make...

Customs 4% FoB Levy Lacks Presidential Notification To National Assembly, SEREC Insists     By Sulaimon Salau The Sea Empowerment and Research Center (SEREC) has insisted that the newly introduced 4% Free on...

Uneasy Calm At Seaports Over New 4% FoB Levy On Imported Goods    . Customs Consults Ministry Of Finance, May Review Import Fees   . Directs Controllers To Sensitise, Agents, Importers     By Sulaimon Salau The...

Dangote Refinery Exports Two Cargoes Of Jet Fuel To Saudi Arabia . NESG Says FG Must Support Domestic Industries To Achieve $1 Trillion Economy   By Abimbola Abdullah Dangote Petroleum Refinery has successfully...

FG Denies Increasing Electricity Tariff   . Spends Over ₦200 Billion Monthly On Electricity Subsidies   . Says Rollout Of Smart Meters In 2025 Will End Estimated Billing For Seven Million Households       By Abimbola...

Clearing Agents Petition Govt Over Alleged Imposition Of Duplicate Payments On Eto Call-Up System   . NPA Should Be Responsible For Eto Call-Up, Not Agents, Importers, Group Insists   . Use Collection Of...