By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has cautioned against the Senate’s resolution seeking a ban on textile fabric imports, warning that the proposal could undermine millions of jobs, disrupt key industries and fail to revive Nigeria’s struggling textile sector. In a statement issued on Sunday, the Chief Executive Officer…
By Seun Ibiyemi The Nigeria Customs Service (NCS), Ogun I Area Command, Idiroko, has seized 146 consignments of contraband goods with a combined Duty Paid Value (DPV) of N4.63 billion between April 1 and June 23, 2026. The Area Comptroller of the Command, Mr. Olukayode Afeni, disclosed this on Wednesday during a press briefing in…
By Seun Ibiyemi The Federal Government has issued transition guidelines to guide the implementation of the Tax Acts 2025, clarifying how taxpayers, tax authorities and other stakeholders are to manage obligations arising from the migration from the old tax regime to the new framework, which took effect on January 1, 2026. According to a statement…
By Seun Ibiyemi Former Anambra State Governor and presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has criticised the administration of President Bola Tinubu over what he described as the opaque deployment of borrowed funds, warning that Nigeria’s public debt has surged to nearly N200 trillion without corresponding improvements in citizens’ welfare. Obi,…
…Reaffirms VAT waiver on PMS By Seun Ibiyemi The Federal Government of Nigeria has dismissed reports suggesting plans to introduce new taxes on telecommunications services and petroleum products, describing the claims as false and inconsistent with the current policy direction of the administration. In a statement issued by the Press Secretary to the Minister of…
By Seun Ibiyemi The Nigeria Customs Service (NCS) and the American Business Council (ABC) have strengthened their collaboration aimed at improving trade relations and addressing business challenges through sustained engagement between public and private sector stakeholders. The commitment was made during a quarterly meeting held at the NCS Headquarters in Abuja, where both sides discussed…
The National Insurance Commission (NAICOM) has transferred operational control of African Alliance Insurance Plc to a newly constituted Board of Directors nominated by the company’s shareholders. The Commissioner for Insurance and Chief Executive Officer of NAICOM, Olusegun Omosehin, disclosed this in a statement issued on Tuesday in Abuja. Omosehin said the transition marks a significant…
By Wale Afolabi The Africa Finance Corporation (AFC) has committed a $600 million financing facility to support a $7 billion fertiliser expansion programme by Dangote Group aimed at tripling production capacity in Nigeria and establishing a major new manufacturing platform in Ethiopia. The funding, provided to Greenview Fertiliser Corp., Dangote’s fertiliser holding company, marks a…
President and Chief Executive Officer of the Dangote Group, Aliko Dangote, has announced plans to revive and transform the Olokola Free Trade Zone (OKFTZ) in Ondo State into the largest industrial free trade zone in Nigeria. Dangote made the announcement on Monday during a courtesy visit to Lucky Aiyedatiwa in Akure, where he revealed that…
By Seun Ibiyemi The Federation Account Allocation Committee (FAAC) has distributed a total of N2.257 trillion among the Federal Government, state governments and local government councils as revenue allocation for April 2026. The disclosure was made by the Director of Press and Public Relations in the Office of the Auditor-General of the Federation (OAGF), Mr….
