Business

As part of efforts to strengthen border management, the Nigeria Customs Service (NCS) has dissolved the Joint Border Patrol Team (JBPT) after due consultation with the Office of the National Security Adviser (ONSA). The government agency has also reinvigorated its 2025 enforcement strategy. Onbehalf of Comptroller General of Customs, Assistant Comptroller of Custom, National Public Relations Officer, NCS, Mr.  Abdullahi…

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission(NCC) have issued a final directive to Deposit Money Banks and Mobile Network Operators to resolve the protracted N250bn Unstructured Supplementary Service Data debt dispute. CBN and NCC are both regulatory agencies of the Federal Government. The directive, contained in a joint circular was signed by the acting Director of…

… Nigerians praise Dangote-MRS partnership  MRS Oil Nigeria Plc has implemented a new petrol price of N935 per litre across all its retail service stations nationwide. This follows an announcement by the President of Dangote Industries Limited, Aliko Dangote, that the Dangote Petroleum Refinery has partnered with MRS Oil and Gas to offer petrol at N935 per litre at retail…

The Nigerian National Petroleum Company Limited (NNPCL) retail price on premium motor spirit petrol, has reduced to N965 per litre in the Federal Capital Territory. A report by PUNCH on Monday stated that NNPCL effected the new price across its retail outlets in the capital city, to the delight of customers. The new amount is the second price drop in…

In alignment with the desire of the current Management of the Securities and Exchange Commission (SEC) in ensuring market development and constant investor education, the Nigerian Capital Market Institute (NCMI), the training subsidiary of the Securities and Exchange Commission, has unveiled its innovative training calendar for the upcoming year. The Managing Director of the Institute, Mr. Tunde Kamali who stated…

..says airport will be the first to have an operating permit in Nigeria The Ogun State government has declared that currently, the Gateway International Agro-cargo Airport is the best in Nigeria and the West African corridor, boasting the longest runway. The state government shared the details and the unique selling point during a meeting with the League of Airport and…

President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country. To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to…

The Minister of Aviation and Aerospace Development, Festus Keyamo, alongside the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Olubunmi Kuku, unveiled a new electronic gate (E-gate) at the departure wing of Murtala Muhammed International Airport (MMIA), Lagos. The initiative, driven by FAAN in partnership with the United Bank for Africa (UBA), is part of efforts to enhance…

The Central Bank of Nigeria (CBN) said it has granted eligible Bureau De Change (BDC) operators temporary access to the Nigerian Autonomous Foreign Exchange Market (NAFEM) to purchase $25,000 weekly from December 19 to January 30. In a statement on Thursday, signed by T.G. Allu, CBN acting director of trade and exchange department, the apex bank said BDCs will purchase…

The Transmission Company of Nigeria (TCN) said it regrets to announce that its 330kV Shiroro – Katampe transmission line was vandalized on Wednesday,18th December 2024. In November 2024, the TCN announced that two towers along its 330kV Shiroro–Kaduna transmission lines one and two had been vandalised, damaging parts of both transmission lines. The General Manager, Public Affairs, TCN, Ndidi Mbah…