News

Customs Suspends Implementation Of 4% FoB Charge At Seaports     By Sulaimon Salau The Nigeria Customs Service (NCS) has suspended the implementation of 4% Free-on-Board (FoB) value on imports earlier announced by...

NNPC/First E&P Achieves 96% Reduction In Gas Flaring     By Abimbola Abdullah The Nigerian National Petroleum Company Limited (NNPC Ltd) and First Exploration & Petroleum Development Company Limited (First E&P) Joint Venture...

THIN LINE BETWEEN LIFE AND DEATH: REMEMBERING DR ‘BOB’ ADE OWOLADE   You arrived with nothing and you will leave with nothing. Your first bath, someone washed you and your last bath,...

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...