Nigeria Customs Suspends 4% FOB Charge on Imports
The Nigeria Customs Service (NCS) has announced the suspension of the planned implementation of a four per cent Free-on-Board (FOB) charge on imports, as outlined in the Nigeria Customs Service Act (NCSA) 2023. The Controller General of Customs, Bashir Adeniyi, who announced this in a statement yesterday, said the suspension follows ongoing consultations with the […]
FEC Approves 4.8 Billion Naira for HIV Patients Treatment Program
The Federal Executive Council (FEC) has approved a total of $1.07 billion in financing for healthcare sector reforms under the Human Capital Opportunities for Prosperity and Equity (HOPE) program. Briefing newsmen after yesterday’s FEC meeting, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who reeled out some of the Council’s approvals, revealed […]
FG to Begin Payment of Pension Backlog
The Federal Government has promised to pay the outstanding pension arrears as it released only about 25 per cent of the total amount budgeted for 2024. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made the commitment yesterday when retirees from Nigeria’s Contributory Pension Scheme staged a protest at the Federal […]
FG unveils Fibre Forward Strategic Development project
Federal government has unveiled the Fibre Forward Strategic Development project, which aims to extend Nigeria’s fibre-optic backbone by 90,000 kilometres. Speaking at the Development Workshop, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated that when completed, the project will position the country as Africa’s third-largest terrestrial fibre-optic infrastructure. Edun, who pledged […]
