Economy
Economy Security

Marine Customs intercepts 2,000kg cannabis in Lagos

By Our Correspondent Lagos, Feb. 21, ’25 (TNZ) The Western Marine Command of the Nigeria Customs Service, has intercepted 53 sacks of substances suspected to be cannabis sativa. TheNewsZenith reports that the sacks contained 3,793 loaves and weighed 1,958 kilogrammes in Lagos. Compt. Paul Bamisaiye, the Customs Area Controller confirmed the seizure at a news […]

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Economy Environment

Wastes managers task stakeholders on circular economy

  By Our Correspondent Lagos, Feb. 22, ’25 (TNZ) The Association of Waste Managers of Nigeria (AWAMN) has appealed to stakeholders in the waste management value chain to embrace the circular economy doctrine for a sustainable future. Mr Olugbenga Adebola, National President made the appeal during the Association’s 2025 International Conference, Exhibition, Awards and Gala […]

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Economy Features/Opinion

Life After Subsidy: How Removal is Reshaping Nigeria’s Economy

By Abdulfatah Babatunde “Fuel subsidy is gone,” Asiwaju Bola Ahmed Tinubu told a packed crowd at Eagle Square, Abuja, the venue of his inauguration as Nigeria’s newest President, about 21 months ago. Minutes after that pronouncement, the paradigm shift in the nation’s economic landscape was never the same again. President Tinubu used the inaugural address […]

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Business Economy

Empowering youth will boost nation’s economy – Entrepreneurs

By Our Correspondent Lagos, Feb. 19, ’25 (TNZ) Some entrepreneurs have advocated for the empowerment of talented young people as a strategy for Nigeria and Africa to achieve their socioeconomic and political destiny. TheNewsZenith reports that businessmen made the call at a gathering hosted by the African Social Innovation Fellowship (ASIF) on Thursday in Lagos. […]

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Economy Oil & Gas

TMSG hails ban on export of crude meant for local refining

By Abdulfatah Babatunde Lagos, Feb. 9, ’25 (TNZ) The Tinubu Media Support Group (TMSG) has commended the Federal Government’s decision to ban crude oil export allocated to domestic refineries. TMSG’s Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, gave the commendation in a statement emailed to TheNewsZenith on Sunday. The group expressed shock that some 500,000 […]

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Economy Maritime

NPA raises tariffs by 15% after 32 years

By Our Correspondent Lagos, Feb. 8, ’25 (TNZ) The Nigeria Ports Authority (NPA) says it is reviewing its charges upward by 15 per cent, citing a need for competitiveness and infrastructural upgrades. TheNewsZenith reports that Dr Abubakar Dantsoho, the Managing Director of the NPA, announced the review during a maritime stakeholders’ meeting, on Thursday in Lagos. […]

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Economy National

Declining petroleum import shows Nigeria’s new Economic Power – TDF

By Abdulfatah Babatunde Lagos, Feb. 2, ’25 (TNZ) The Democratic Front (TDF) welcomes a renewed sense of patriotism in Bloomberg’s report and analysis on the eight-year record decline in Nigeria’s petroleum products importation index. TheNewsZenith reports that the Bloomberg report attributed the imports slide to rising domestic refining of petroleum products by indigenous refineries. In […]

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Economy National

Lilypond Customs processes $2.1bn exports in 2024

By Opeyemi Muhammad Ikeja, Jan. 28, ’25 (TNZ) The Nigeria Customs Service (NCS), Lilypond Export Command in Lagos, says it facilitated the export of agricultural produce and manufactured goods valued at $2.1 billion in 2024. TheNewsZdenith reports that the Command’s Area Controller, Ajibola Odusanya, announced the figure during a news conference at the command in […]

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Economy

Worst days over, economy fast recovering under Tinubu – TMSG

By Abdulfatah Babatunde Lagos, Jan. 29, ’25 (TNZ) The Tinubu Media Support Group (TMSG) says the worst days are over as available economic indices indicate the economy is fast recovering under President Bola Tinubu. TheNewsZenith reports that the group made the observation in a statement jointly issued by Emeka Nwankpa and Dapo Okubanjo, Chairman and […]

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Economy Security

Customs Zone “A” decorates 39 comptrollers, 67 dep.-comptrollers

By Our Correspondent Ikeja, Jan. 23, ’25 (TNZ) The Nigeria Customs Service (NCS), on Thursday, decorated 106 newly promoted officers with their new rank insignia of office in Lagos. TheNewsZenith reports that the decorated officers comprised 39 Comptrollers and 67 Deputy Comptrollers of Customs. Assistant Comptroller General, Charles Orbih, Zone “A” Coordinator of the NCS, […]

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