The Nigeria Customs Service (NCS) achieved N7.28 trillion in revenue in 2025, surpassing its N6.58 trillion target by N697 billion, Comptroller-General Bashir Adeniyi has revealed. Speaking at the 2026 World Customs Day celebrations, themed “Protecting Society Through Vigilance and Commitment”, Adeniyi said the increase, representing over 10 per cent growth, reflects reforms in the sector…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the successful completion of the Awodi-07 appraisal and exploration well by Chevron Nigeria Limited (CNL), describing the results as a significant boost to confidence in the Joint Venture’s asset portfolio. The News Agency of Nigeria (NAN) reported that the Awodi-07 well is situated in the…
The Infrastructure Concession Regulatory Commission (ICRC) has hailed the concession agreement for Akanu Ibiam International Airport, Enugu, as a landmark achievement in Nigeria’s infrastructure reform agenda. The Director-General of the Commission, Dr Jobson Ewalefoh, said in a statement on Sunday that the agreement underscored the Federal Government’s commitment to leveraging Public-Private Partnerships (PPPs) to modernise…
Nigeria’s financial regulators and payments infrastructure providers have reported a significant decline in electronic payment fraud, while urging stronger collaboration to maintain the momentum and support broader digital inclusion. The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System Plc (NIBSS) made the call at the 2026 Nigeria Electronic Fraud Forum (NeFF) Technical…
The International Monetary Fund has forecast that the global economy will continue to grow steadily, projecting expansion of 3.3 per cent in 2026 and 3.2 per cent in 2027. In its January update of the World Economic Outlook, released on Monday, the IMF said the forecast represents a slight upward revision for 2026, while projections…
Concerns are growing among Nigerian bank customers following the introduction of a 7.5 per cent Value Added Tax (VAT) on certain electronic banking services, with many warning that the increasing cost of banking could discourage usage. Customers who spoke to the News Agency of Nigeria (NAN) in Abuja called on the Central Bank of Nigeria…
Africa’s largest oil refinery, the Dangote Petroleum Refinery, is set to embark on a major expansion that will lift capacity from 650,000 barrels per day to 1.4 million, according to its incoming chief executive. Speaking at a media session in Lagos, Managing Director and CEO-designate David Bird said the project would rely on a replication…
President Bola Tinubu has positioned Nigeria as a key destination for global capital, announcing that the country will co-host Investopia with the United Arab Emirates in Lagos in February. The announcement was made on Tuesday at the 2026 Abu Dhabi Sustainability Week, following the conclusion of a Comprehensive Economic Partnership Agreement (CEPA) between Nigeria and…
Nigeria has positioned itself as a leading destination for climate and green energy investment, President Bola Tinubu announced on Tuesday at the 2026 Abu Dhabi Sustainability Week (ADSW). Addressing a gathering of world leaders, investors and development partners, Tinubu praised the UAE for convening the summit, describing it as a critical forum for advancing global…
Nigeria’s African Democratic Congress (ADC) has expressed concern over a digital tax cooperation agreement between Nigeria and France, calling on authorities to ensure openness and accountability in its implementation. In a statement released on Sunday, the party’s National Publicity Secretary, Mallam Bolaji Abdullahi, questioned the transparency of the deal signed by the Federal Inland Revenue…
