July 22, 2025 The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has announced the introduction of a unified four percent Free on Board (FOB) charge to replace multiple import levies previously imposed on cargo imports into Nigeria. Speaking during a stakeholders’ meeting held in Lagos on Monday, CGC Adeniyi emphasized that the new
July 22, 2025 Oando Plc has announced plans to raise up to N500 billion through the issuance of 10 billion new shares, as part of a strategic move to strengthen its capital base and support long-term expansion initiatives. In a corporate disclosure filed with the Nigerian Exchange Group (NGX), the energy giant stated that the
July 22, 2025 The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has publicly rejected the proposed fuel distribution plan by Dangote Refinery, warning that its implementation could jeopardize thousands of jobs within the downstream oil sector. Addressing journalists in Abuja, NOGASA President, Benneth Korie, stated that the association is strongly opposed to the
July 22, 2025 The Lagos Metropolitan Area Transport Authority (LAMATA) has issued a strong warning to the general public to beware of fraudulent recruitment schemes falsely linked to the agency. In a statement released on Monday, LAMATA clarified that it is not currently conducting any recruitment exercise and has not authorized any individual or group
A Federal High Court sitting in Abuja has ordered the forfeiture of $222,000 in cryptocurrency traced to a cybercrime syndicate that reportedly includes Chinese nationals operating within Nigeria. The ruling followed successful legal action initiated by the Economic and Financial Crimes Commission (EFCC), which revealed that the digital assets were proceeds of illicit online activities
The Federal Government has put a temporary hold on the implementation of recently issued circulars concerning doctors’ allowances, citing the need for broader consultations with relevant stakeholders in the health sector. The decision, which comes amid growing tension within the medical community, was confirmed by the Federal Ministry of Health and Social Welfare, which stated
Authorities in Lagos State have sealed off a nightclub located along Admiralty Way in the upscale Lekki area following multiple breaches of environmental regulations. The action was carried out by the Lagos State Environmental Protection Agency (LASEPA), which cited persistent non-compliance with laid-down environmental standards as the primary reason for the enforcement. According to officials,
Bitcoin appears poised for another round of price correction as increased activity from large-scale holders—commonly referred to as “whales”—continues to stir uncertainty across the crypto market. Analysts monitoring blockchain transactions have reported a noticeable uptick in the volume of BTC being moved from private wallets to exchanges, a trend often interpreted as a precursor to
The Swedish government has announced plans to introduce a more flexible and streamlined work permit system for foreign workers, with the new regulations expected to take effect from May 2026. The move is aimed at attracting international talent and addressing the country’s growing labour shortages in key sectors. Under the revised policy, foreign professionals seeking
The 2025 Annual Meetings of the African Export-Import Bank (Afreximbank) have concluded on a high note, with investment commitments exceeding $1 billion sealed to support infrastructure, industrialization, and trade expansion across the African continent. The event, which gathered policymakers, business leaders, and financial institutions from within and beyond Africa, served as a major platform for
