Customs Agents Petition Buhari Over New Customs Bill

Customs agents under the aegis of the National Council of Managing Directors of Licensed Customs Agents, NCMDLCA, have petitioned President Muhammadu Buhari over the new Customs bill before the National Assembly for consideration, noting that the bill did not only conflict with other government agencies but will affect the nation’s international trade. NCMDLCA, in the […]

SEC Advocates Harmonised Exchange Rate to Attract FPI

The Securities and Exchange Commission, SEC, has advocated for a unified foreign exchange rate in order to attract Foreign Portfolio Investment, FPI, into the country. The Commission said that the Central Bank of Nigeria (CBN) needs to harmonise exchange rates to boost FPI which has been on the downside for over two years. Speaking during […]

2030 SDGs: Over $300bn Required to Close Development Gaps in Nigeria — UN

The United Nations has stated that the acceleration of Sustainable Development Goals, SDGs, across Africa requires financing as over $300 billion is needed to close the gap in Nigeria. The United Nations Resident and Humanitarian Coordinator, Nigeria, Mr. Matthias Schmale, commended the Sterling One Foundation for its role to accelerate growth towards the 2030 SDGs […]

IMF Downgrades Nigeria’s 2023 Growth Projection, retains 2022 at 3.4 %.

The International Monetary Fund (IMF) has retained Nigeria’s 2022 economic growth projection at 3.4 percent, despite the adverse macroeconomic environment. This was disclosed on Tuesday, in its July 2022 World Economic Outlook (WEO), titled, “Gloomy and More Uncertain”. However, IMF downgraded the country’s 2023 projection to 3.2 per cent from 3.3 per cent projected in […]

Tin-Can: Customs Records 73% Rise in Exports

Tin-can Island Command of the Nigeria Customs Service, NCS, weekend, announced that the Command recorded a 73 per cent Year-on-Year, YoY, increase in the volume of export cargo through the port in the first half of the year, H1’22. Disclosing this in Lagos, Customs Area Controller, CAC of the Command, Olakunle Oloyede, said the 73 […]

CVR: Lagos Overtakes Kano, as INEC’s Fresh Registrants Hit 11M

The Independent National Electoral Commission INEC has released fresh statistics about its ongoing Continuous Voter Registration CVR which show Lagos overtaking Kano state as per the number of completed registrations. As of last week, Kano had 458,559 fresh registrants, with Lagos coming second with 451,156. However, in the infographics released on Tuesday, INEC said as […]