Point-of-Sale (PoS) operators in Nigeria have notably raised their withdrawal fees, now charging between ₦300 and ₦200 for transactions of ₦5,000. This represents a substantial increase from the earlier limit of ₦100, leading to extensive public discussion about the financial burden on the populace. The increase comes after the Federal Inland Revenue Service (FIRS) imposed…
… As NCCSC Graduates 100 Officers from Senior, Junior Courses The Comptroller-General of Customs (CGC), Adewale Adeniyi, and the Chairman of the House Committee on Customs and Excise, Hon. Leke Abejide, have emphasized the crucial role of professionalism in effectively discharging the duties of a customs officer, adding it’s contributing to national development. Both of…
The National Agency for Food and Drug Administration and Control (NAFDAC) in its sustained efforts to rid the country of unwholesome regulated products has shut down eight shops and one warehouse in Karu Local Government Area of Nasarawa State for producing and selling counterfeit rice to unsuspecting Nigerians. The total street value of the intercepted…
Korede Abdullah in Lagos The Nigeria Customs Service (NCS), Ogun I Command, has intercepted a massive haul of smuggled goods worth N229,112,424. The seizures include 2,169 bags of foreign parboiled rice, 1,128 parcels of cannabis sativa, and other items such as used clothes, pneumatic tyres, and imported shoes. According to the Acting Area Controller, Mohammed…
A data released by the National Bureau of Statistics (NBS) has indicated that insecurity caused Nigeria more than 600,000 deaths of her citizens between May 2023 and April 2024. The report was released late Wednesday showing that no fewer than 614,937 people were killed nationwide. The report pointed out that banditry-ravaged northwest saw the highest…
Korede Abdullah in Lagos In a move aimed at stabilizing the market and supporting marketers, Dangote Refinery has announced a significant reduction in petrol prices. The new prices see petrol rates drop to as low as N899 per litre for two million litres. This development marks a continued effort by the refinery to enhance supply…
Korede Abdullah in Lagos The Major Energy Marketers Association of Nigeria (MEMAN) has announced a marginal decline in the landing cost of Premium Motor Spirit (PMS), also known as petrol, to N970 per litre in December 2024. This decrease follows a drop in crude oil prices to $73.77 per barrel. According to MEMAN’s daily energy…
President Bola Ahmed Tinubu has approved the reconstitution of the Executive Management of 12 River Basin Development Authorities under the Federal Ministry of Water Resources. The appointment was announced on Wednesday in a press statement by the Special Adviser to President Tinubu on Information & Strategy, Bayo Onanuga. Onanuga added in the statement that President…
President Bola Ahmed Tinubu presented Nigeria’s 2025 budget proposal to the Lawmakers on Wednesday, totalling N26.14 trillion, with defence and security receiving the largest share of N4.91 trillion. The budget, which prioritizes national security, has sparked a significant debate, with many arguing that sectors like education and health are being sidelined. Infrastructure follows closely with…
Korede Abdullah in Lagos The Central Bank of Nigeria (CBN) has restricted Point of Sales (POS) agents to a daily transaction limit of N1.2 million, as part of its efforts to promote a cashless economy. This move is aimed at enhancing the use of electronic payment channels for agency banking operations. In a circular released…
