The Nigeria Customs Service in Onne, Port Harcourt says it generated N242 billion as revenue in the 2022. The Comptroller of Customs, Auwal Muhammad, announced while handing over to the newly deployed comptroller, Baba Imam, to Onne. Muhammad said the figure represented a 28.3 per cent increase over the figure recorded previous year. He attributed […]
The Federal Government has given five primary lenders in the disbursement of the $350 million Caboge Fund 72 hours to draw up modalities for the fund. Director-general of the Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir Jamoh, gave the directive at a meeting with the banks in Lagos on Tuesday. The NewsZenith reports that […]
By Our Correspondent The Federal Inland Revenue Service (FIRS) says it generated N10 trillion in revenue in 2022, the highest in its history. The Service gave the figures in its “FIRS 2022 Performance Update” released in Abuja on Monday. The CEO of FIRS, Muhammad Nami, released the document to the public after a briefing […]
The Lekki Deep Sea Port, inaugurated by President Muhammadu Buhari on Monday, will contribute over $8 billion to the Nigerian economy annually. The inauguration is part of the president’s activities during his two-day official tour of Lagos State. The president, at the end of the state visit, will depart for Dakar, Senegal today (Tuesday). […]
Eighteen ships, carrying petroleum products are waiting to berth in Lagos ports are carrying petroleum products. The Nigeria Port Authority (NPA) announced this in its daily publication, “Shipping Position” for Thursday. It is hoped that lingering petrol scarcity across the country may soon abate as the ships discharge the products. NPA said some of the […]
The Murtala Muhammed Airport Command of the Nigeria Customs Service says it intercepted hard drugs and military/police hardware at the cargo section of the airport worth N13.8 billion. Sambo Dangaladima, the Customs Area Controller, announced this while interacting with journalists at the command in Ikeja, Lagos, on Tuesday. Dangaladima said his men intercepted 162 cartons […]
Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, says the apex bank has waived some of the conditions for accessing the new banknotes by commercial banks. He announced this at a sensitisation tour on the redesigned naira notes to the Computer Village, Ikeja in Lagos. Emefiele was represented by the CBN Director of Legal […]
Oil prices settled higher on Tuesday in choppy trading after China posted weak but expectation-beating annual economic growth data. The prices also settled on hopes that a recent shift in its COVID-19 policy will boost fuel demand. Brent crude futures settled up $1.46, or 1.7 per cent to $85.92 while U.S. West Texas Intermediate (WTI) […]
Vice President Yemi Osinbajo says investment in technology is the way of the future as it holds prospects for national development. Osinbajo made the remarks when he received delegation of Odu’a Investment Company at the Presidential Villa, on Tuesday in Abuja. The Group Chairman of the conglomerate, Bimbo Ashiru, led the delegation. The vice president […]
The World Bank (WB) has cut the global growth forecast for 2023 by 1.2 per cent from 2.9 per cent, warning the world is at risk of a recession. The global financial institution cited a combination of factors for lowering its estimate. The factors are high inflation, rising interest rates and lower investment Other factors […]