By Seun Ibiyemi The Nigeria Customs Service (NCS), Oyo/Osun Area Command, has announced the seizure of smuggled goods with a Duty Paid Value (DPV) of over ₦2.53 billion, alongside revenue generation of ₦14.7 billion within the review period. Speaking during a press briefing held on Thursday at the Command’s headquarters in Ibadan, the Acting Customs…
By Seun Ibiyemi Nigeria recorded total capital importation of $6.44 billion in the fourth quarter of 2025, marking a 26.61 per cent increase year-on-year, according to the latest report by the National Bureau of Statistics (NBS). The figure also represents a 7.13 per cent rise from the $6.01 billion recorded in the third quarter of…
By Seun Ibiyemi The Federal Government, through the Debt Management Office (DMO), has opened subscriptions for N750 billion worth of Federal Government of Nigeria (FGN) bonds for March 2026, as it continues to tap the domestic debt market to finance fiscal needs. According to details contained in the March bond offer circular, the issuance comprises…
By Seun Ibiyemi The President-General of the Maritime Workers Union of Nigeria (MWUN), Francis Bunu, has expressed concern over poor policing of waterfronts at Lagos ports, warning that rising attacks on vessels could undermine confidence in Nigeria’s maritime sector. Bunu spoke in Lagos when members of the Shipping Correspondents Association of Nigeria (SCAN) visited the…
By Seun Ibiyemi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has signed a Petroleum Exploration Licence (PEL) No. 5 agreement with SeaSeisGeophysical Limited to advance offshore oil exploration and strengthen Nigeria’s hydrocarbon resource base. The agreement, executed in Abuja, authorises SeaSeis, in partnership with TGS, to acquire and process new 3D seismic and gravity data…
By Seun Ibiyemi The Federal government through the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has intensified efforts to attract global investors to Nigeria’s oil and gas sector, declaring that government reforms have created a stable and competitive environment for investments. Speaking at the CERAWeek by S&P Global in Houston, Lokpobiri described Nigeria’s…
By Seun Ibiyemi The National Drug Law Enforcement Agency (NDLEA) and the Nigeria Customs Service (NCS) have reaffirmed their commitment to intensified collaboration in combating narcotics trafficking along Nigeria’s maritime corridor. This followed a courtesy visit by the newly appointed Commander of NDLEA, Tincan Strategic Command, Solomon Gbadebo Omotosho, to the Kirikiri Lighter Terminal (KLT)…
By Seun Ibiyemi The Executive Vice President, Upstream at NNPC Limited, Udy Ntia, has highlighted Nigeria’s rising profile as a leading destination for global energy investment at the ongoing CERAWeek. Speaking at a high-level session titled “Data-Rich, Infrastructure Ready: The Competitive Edge of Proven Super Basins,” Ntia said improved fiscal stability, regulatory certainty, and a…
By Seun Ibiyemi The Corporate Affairs Commission (CAC) and the Nigerian Communications Commission (NCC) have agreed to strengthen collaboration aimed at enhancing transparency and driving economic growth in Nigeria. The resolution was reached during a courtesy visit by the Executive Vice Chairman/CEO of NCC, Aminu Maida, to the Registrar-General/CEO of CAC, Hussaini Ishaq Magaji, in…
By Seun Ibiyemi The National Agency for Food and Drug Administration and Control (NAFDAC) has reiterated its commitment to strengthening Nigeria’s pharmaceutical sector through international collaboration, as it hosted the High Commissioner of Bangladesh to Nigeria, Miah Md. Mainul Kabir, on a courtesy visit in Abuja. Speaking during the meeting, NAFDAC Director-General, Mojisola Adeyeye, highlighted…
