• CGC Adeniji The Nigerian Customs Service (NCS) has announced that it will be replacing the proposed 4 percent import levy with the existing 1 percent Comprehensive Import Supervision Scheme (CISS) levy. The Comptroller General of Customs (CGC), Adewale Adeniyi, made the revelation at an engagement held in Lagos to sensitize stakeholders in the B’Odogwu…
Since its establishment in 1971, the Manufacturers Association of Nigeria (MAN) has remained a dominant voice in the country’s industrial landscape. For over five decades, the association has played a crucial role in shaping policy, advocating for local manufacturing, and driving industrial growth. Yet, a glaring omission remains, no woman has ever held the position…
• Dr. Ifeanyi Okoye, NECA President The Nigeria Employers’ Consultative Association (NECA) and the Nigeria Labour Congress (NLC) have dismissed the claims by the Nigerian Bureau of Statistics, NBS, improvement in some macroeconomic indicators. The Nigerian Bureau of Statistics, NBS, has just released its latest Composite Consumer Price Index indicating that inflation declined for the…
Global trade expanded by an estimated $300 billion in the first half of 2025, growing at an estimated 1.5% in the first quarter and projections showing 2% growth in the second. UN Trade and Development (UNCTAD) disclosed this in its just released Global Trade Update (July 2025). Said the report: Price increases contributed to the…
• MTN Nigeria Executives L-R Roger Shutte: General Manager for Infrastructure, Shoyinka: Shodunke Chief Information officer, Karl Toriola: CEO MTN Nigeria today, July 1, 2025, launched what it describes as West Africa’s largest Tier III data centre—and one of the largest in Africa. TechPoint Africa reports that the data centre is named after MTN Nigeria’s…
Image: Inside a plastic recycling factory member of the Manufacturers Association of Nigeria (MAN). The Lagos State Government has announced the commencement of full enforcement of the ban on the use and distribution of Single-Use Plastics (SUPs) across the state, effective July 1, 2025. The announcement was made on Tuesday by the Commissioner for the…
The Federal Government has suspended the implementation of contentious provisions in the Financial Reporting Council (Amendment) Act 2023 following concerns raised by private sector stakeholders. Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, announced the decision in a release on Monday. She said the suspension followed a series of high-level consultations with key industry…
Image credit: Afreximbank ‘He succeeds Benedict Oramah, a professor, who has served as President and Chairman of the Board of Directors since 2015, and who will be stepping down in September.” The shareholders of the African Export-Import Bank (Afreximbank) have appointed George Elombi as the next President and Chairman of the Board of Directors of…
” Comptroller-General of Nigeria Customs Service, Bashir Adewale Adeniyi, said: “I am deeply grateful for my election as Chairperson of the Council.” The World Customs Organization (WCO) Council, the governing body of the organization, comprising the Heads of 186 Customs administrations, has formally endorsed Mr. Bashir Adewale Adeniyi, Comptroller-General of Nigeria Customs Service, as its…
“You buy minutes, not airtime. If your call ends in 30 seconds, you still have 99 minutes and 30 seconds left. “ Lebara, a new telecom operator has made its entry into the Nigerian market with the introduction of its unique 0724 number. Nigerian Communication Week reports that Lebara is leveraging its status as a…
