Customs approves $300 duty-free threshold for low-value imports and passenger baggage
The Nigeria Customs Service Board (NCSB) has approved a de minimis threshold of $300 for low-value consignments imported through express shipments or passenger baggage. De minimis refers to the minimum…
Fuel scarcity looms as PETROAN, NUPENG move to shut down operations over Dangote monopoly fears
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has issued a three-day forewarning of suspension of lifting and dispensing petroleum products, starting from the early hours of Tuesday.…
New law makes tax ID mandatory for bank accounts, business deals from 2026
From January 1, 2026, Nigerians and non-residents will be unable to open or operate bank accounts without a valid Tax Identification Number (Tax ID). The new requirement is contained in…
Nigeria records ₦20.59tn non-oil revenues, strongest fiscal performance in years
Nigeria has recorded its strongest fiscal performance in recent history, driven by unprecedented growth in non-oil revenues, according to figures released for the period January to August 2025. Data show…
Tinubu says Nigeria met 2025 revenue target in August, credits non-oil sector
President Bola Tinubu on Tuesday announced that Nigeria achieved its 2025 revenue target in August, attributing the milestone to economic reforms that have strengthened the non-oil sector. Speaking at the…
Nestlé fires CEO over workplace relationship, names replacement
Nestlé has fired its chief executive, Laurent Freixe, after an internal investigation revealed he had an undisclosed romantic relationship with a subordinate — a breach of the company’s code of…
NNPC boss raises alarm: ‘Cabal after my life over oil sector reforms’
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC) Limited, Bayo Ojulari, has alleged that his life and those of his management team are under serious…
Nigeria’s FX reserves hit $41bn, highest in 44 months
Nigeria’s foreign exchange reserves have climbed to $41 billion as of August 19, 2025, marking the country’s strongest external buffer in nearly four years. Data published by the Central Bank…
US concerned about Nigeria’s minimum wage, saying ₦70,000 insufficient after naira devaluation
A recent report from the United States government has highlighted significant challenges surrounding Nigeria’s minimum wage, asserting that the current rate of N70,000 is insufficient to uplift millions of citizens…
T2 launches Nigeria’s first eKYC SIM registration Web App, redefining customer onboarding
T2, Nigeria’s leading digital lifestyle partner, has unveiled the country’s first-ever electronic Know Your Customer (eKYC) SIM Registration Web App—a groundbreaking solution set to transform how SIM registration is carried…