“The levies they listed include road maintenance levy (0.85% Cost Insurance and Freight (CIF), statistics levy (7.28% CIF), corridor security levy (0.50% CIF), Customs bond (0.25% CIF), Customs stamp (4% Stat), tracking (75,000 per truck).” Cross-border traders have continued to groan under the high cost of moving goods through the Lagos-Abidjan corridor, which they say,…
Dangote Sugar Refinery Plc profitability was weighed down by a foreign exchange loss of N46.7 billion and additional finance costs totaling N128.6 billion in financial year ended 2025. Dangote Sugar Chairman, Arnold Ekpe, told shareholders during the Company’s 20th Annual General Meeting held yesterday in Lagos. Arnold Ekpe said that the Group posted a turnover…
Today, the Naira is exchanging at the Black Market for US DOLLAR (USD) ₦1, 400,
GREAT BRITISH POUND (GBP) ₦1,870 , and EURO (EUR) ₦1, 590
Segun, 62, the grandson of the deceased sage, Chief Obafemi Awolowo, was a lawyer by profession.
Aliko Dangote, the billionaire behind Africa’s largest industrial conglomerate, has set his sights on Nigeria’s epileptic power sector with a plan to generate 20,000 megawatts of electricity. Dangote’s entry into the sector follows a string of failed promises from the Nigerian government. Adebayo Adelabu, ex-Power Minister, has repeatedly missed deadlines to stabilise the grid at…
Oyedele emphasised that the Award aims to foster constructive public discourse, counter misinformation, and promote journalism that explains reforms in a manner that citizens can trust and understand.
President Bola Tinubu has left Nigeria for the 2023 G20 Summit in New Delhi, India. During the Saturday September 9- 10 summit, world leaders will try to find solutions to some of the world’s pressing problems amid a deep geopolitical divide over the war in Ukraine that threatens any progress. There, President Tinubu aims to use the…
The 20-year concession agreement covers the AfCFTA Customs Modernisation Project, which will see the deployment of digital technology to customs administrations across African countries.
Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG- MAN) are scrambling to fill the gaps created by the recent exit of multinational pharmaceutical companies from Nigeria. Consequently, they are requesting the National Agency for Food and Drug Administration and Control (NAFDAC) to hasten the approval process for their products to enable them to replace…
• Ademola Akogun Zedcrest Group, a leading financial services company, has taken a significant step in its strategic expansion with its Board’s approval of Ademola Akogun’s appointment as Managing Director, Investment Banking. This milestone follows the successful acquisition of the company’s Issuing House license, marking a pivotal expansion of its capabilities. With this, Zedcrest is…
