Nigeria Customs Service moves to reopen car marts shut over smuggled car sales 

Nigeria Customs Service moves to reopen car marts shut over smuggled car sales 

The Nigeria Customs Services (NCS) has finally moved to unseal the premises of the auto dealers that was shut about two months ago.
Finance Bill: Public hearing to hold tomorrow despite dissenting voices 

Finance Bill: Public hearing to hold tomorrow despite dissenting voices 

Despite the negative reactions trailing the passage of the Finance Bill, the National Assembly is bent on holding a joint public hearing on the bill.
Enyimba Economic City to create 600,000 jobs after completion , Ikpeazu presents N136.6 billion 2020 budget

Enyimba Economic City to create 600,000 jobs after completion 

A whooping sum of $430 million has been secured by Abia State Governor for the development of the first phase of Enyimba Economic City (EEC)
NNPC, petroleum, Kyari, smuggling, , NNPC explains why kerosene price is not stable, NNPC, Why NNPC may sack depot managers in downstream sector , NNPC boss blames failure of refineries on negligence, says there are no excuses , No fuel scarcity during festive period - NNPC , NNPC advances commitment to meet domestic gas demands, NNPC to pay BCE $22.6 million over failed contract , Pipeline vandalism: NNPC GMD invited for questioning , Curbing the menace of smuggling of petroleum products

Curbing the menace of smuggling of petroleum products

Latest data released by NBS showed that importation of petrol declined by 11% to 1.46 billion litres in September from 1.64 billion litres in August.
A young man hawks biscuit in Lagos traffic

Inflation: Lagos, other western states, worst hit by the border closure

The data also reveals states in the Western parts of Nigeria have been hit hardest by the border closure recording the highest rise in food inflation for the month.
Nigeria's Inflation, Headline inflation jumps to 11.61% in October on border closure

Nigeria’s inflation rose to 11.61% in October 2019, highest in 17 months

Nigeria’s  inflation increased to 11.61% in October 2019. According to the NBS report, inflation rose by 0.37% points, higher than the 11.24% recorded in September and 11.02% for August 2019.
Nigeria loses N150 billion annually to shipping tariffs, Ibadan to Kano rail construction

FG earmarks $1.6 billion for sea-port construction 

The Federal Government has set aside the sum of $1.6 billion for the development of two seaports in the South- South to help decongest the Lagos Ports.
USSD Gbenga Adebayo, Multiple taxes scare investors, stifle economic growth, ALTON warns 

Multiple taxes scare investors, stifle economic growth, ALTON warns 

ALTON has called on FG to address the issue of multiple taxes which it described as irrelevant, as it stifles economic growth.  
NASS pledges support to AMCON on debt recovery 

NASS pledges support to AMCON on debt recovery 

The National Assembly has assured AMCON of its support to recover the over N5.4 trillion outstanding debt owed by obligators.  
NIS partners IOM, as Nigeria launches Migration Information and Data Analysis System 

NIS partners IOM, as Nigeria launches Migration Information and Data Analysis System 

Nigeria has partnered with the IOM through NIS to launch a new MIDAS at the Abuja International Airport. 
N3 trillion required to provide short-term relief and replace damaged infrastructure - NEMA 

N3 trillion required to provide short-term relief and replace damaged infrastructure – NEMA 

NEMA has disclosed that to tackle and address the various disasters across the county, it would need nearly N3 trillion.
Nigeria Customs Service shuts 272 car marts over smuggled car sales , Automobile dealers, Customs at loggerheads over vehicle smuggling, import duty , January 2020 is no terminal date; Borders will remain shut after then - Customs , FG bans fuel supply to border petrol stations, order threatens businesses, jobs, Ban on fuel distribution to border filling station begins to affect network providers , Nigeria Customs Service wants FG to impose this tax on petrol importers , Experts lament rising inflation over border closure  

Experts lament rising inflation over border closure  

Some experts have raised alarm over rising inflation as a result of the closure of Nigeria's land borders.
Worry for Nigeria as forecast shows OPEC countries will face a challenging 2020 

Worry for Nigeria as forecast shows OPEC countries will face a challenging 2020 

The International Energy Agency has projected that members of OPEC and all the other OPEC+ countries, will face very stiff competition in 2020.
ABCON shakes the table, Nigeria imported, Petrol import drops as importation of cooking gas increases by 21% 

Petrol importation drops by 512 million litres in 3 months

The NBS, in its latest Petroleum Product Import and consumption report, disclosed that the importation of PMS reduced by 11%.
FG orders NIPOST to stop cash transactions , Pantami moves to ban automatic voicemail service by telcos  

Telcos kick against Pantami’s directive on Automatic Voicemails

Telcos said that the allegation contained in the statement released by Minister Pantami was untrue as the telcos were not forcing voicemail (VM) services on subscribers. 
FG sets up committee to boost revenue in mining sector , FG reiterates commitment to rejig steel sector, moves to ban steel importation

FG reiterates commitment to rejig steel sector, moves to ban steel importation

In a bid to revive the steel sector and encourage the local steel manufacturing industry, FG is considering the total ban on steel importation.
Border Closure: Afreximbank boss demands use of Blockchain technology

Afreximbank urges Nigeria, other African countries to take advantage of opportunities in AfCFTA

The President of Afreximbank, Prof. Benedict Oramah has urged Nigerians and other African countries to take advantage of AfCFTA.
Jack Ma visits Nigeria, highlights investment prospects 

Jack Ma visits Nigeria, highlights investment prospects 

Alibaba Group’s Co-founder and former Executive Chairman, Jack Ma, made a surprise visit to Nigeria today.
Nigeria Customs Service shuts 272 car marts over smuggled car sales , Automobile dealers, Customs at loggerheads over vehicle smuggling, import duty , January 2020 is no terminal date; Borders will remain shut after then - Customs , FG bans fuel supply to border petrol stations, order threatens businesses, jobs, Ban on fuel distribution to border filling station begins to affect network providers , Nigeria Customs Service wants FG to impose this tax on petrol importers , Experts lament rising inflation over border closure  

Nigeria Customs Service wants FG to reintroduce import tax

The Comptroller-General of the Nigeria Customs Service, Col Hameed Ali, has called on FG to return import tax on petroleum products.
Finance, Minister, vow to recover AMCON debt through issuance of promissory notes, FG reiterates stance on IPPIS as ASUU threatens strike, Finance Minister, Zainab Ahmed identifies capital market as key driver for economic growth , Nigeria has paid $1.09 billion to service its debts in 2019  , Dividends on oil proceeds will be taxed - FG , State governments own most bad roads - Finance Minister says

State governments own most bad roads – Finance Minister says

Minister of Finance, Budget and National Planning, Zainab Ahmed has said that most of the bad roads in Nigeria belong to the states.
FG sets up committee to boost revenue in mining sector , FG reiterates commitment to rejig steel sector, moves to ban steel importation

FG sets up committee to boost revenue in mining sector 

In a bid to generate more revenue in the mining sector in the country, the Federal Government has set up a 14-member committee.
Spanish firm to meet Akeredolu over Ondo deep seaport project , Toll gate to be constructed along Akure-Ado road, Akeredolu says

Spanish firm to meet Akeredolu over Ondo deep seaport project 

Ocean Infrastructure Management and Franchise and Business Solutions Limited will meet with Governor Akeredolu on the Ondo deep seaport project. 
Reactions trail government’s decision to ban tricycles in Abuja 

Reactions trail government’s decision to ban tricycles in Abuja 

The Federal Capital Territory Administration has banned operators of tricycles from plying major roads across the Nigerian capital city.
Senate shatters its three-years' record as it set date to pass 2020 Budget , NASS pledges support to AMCON on debt recovery 

Senate to pass 2020 budget on November 28, breaks eleven-year jinx

The Nigerian Senate has concluded on the time the 2020 Budget will be passed, as all the committees are through with their defence sessions.
FG blames politicians, oil firms for imminent tax loses, As other countries lure oil majors, Nigeria demands more from them 

As other countries lure oil majors, Nigeria demands more from them 

President Muhammadu Buhari appended his signature to a bill that amended the country’s Deep Offshore (and Inland Basin Production Sharing Contract) Act.
Border closure retaliation: Nigerian goods get dumped by West African countries 

Border closure retaliation: Nigerian goods get dumped by West African countries 

Countries within ECOWAS sub-region have started dumping and rejecting Nigerian goods as a form of retaliation against the border closure.
Buharinomics, Buhari, metric, FG okays N100 billion for the completion of Kano Free Trade Zone , Nigeria saved N670 billion from Petrol Importation in half year 2019  , The Chicago Boys of Nigeria, Buhari signs Production Sharing Contract (PSC) Amendment Bill into law    

Buhari signs Production Sharing Contract (PSC) Amendment Bill into law    

President Muhammadu Buhari disclosed that he had signed the Deep Offshore and Inland Basin PSC Amendment Bill into law.
FG closes border to protect economic interests – Customs , Nigeria Customs service records N1.002trn revenue in 9 months , Nigeria’s decision to ban petrol delivery to border petrol stations is taking its toll , Border closure retaliation: Nigerian goods get dumped by West African countries 

Nigeria’s decision to ban petrol delivery to border petrol stations is taking its toll 

The effects of the ban on delivery of products to petrol stations situated along the country’s border towns are beginning to manifest.
NNPC, petroleum, Kyari, smuggling, , NNPC explains why kerosene price is not stable, NNPC, Why NNPC may sack depot managers in downstream sector , NNPC boss blames failure of refineries on negligence, says there are no excuses , No fuel scarcity during festive period - NNPC , NNPC advances commitment to meet domestic gas demands, NNPC to pay BCE $22.6 million over failed contract , Pipeline vandalism: NNPC GMD invited for questioning , Curbing the menace of smuggling of petroleum products

Pipeline vandalism: NNPC GMD invited for questioning 

The Nigerian Senate summoned the GMD of the NNPC, Mele Kyari to appear before its Committee on Petroleum Resources.   
Finance, Minister, vow to recover AMCON debt through issuance of promissory notes, FG reiterates stance on IPPIS as ASUU threatens strike, Finance Minister, Zainab Ahmed identifies capital market as key driver for economic growth , Nigeria has paid $1.09 billion to service its debts in 2019  , Dividends on oil proceeds will be taxed - FG , State governments own most bad roads - Finance Minister says

Dividends on oil proceeds will be taxed – FG 

There is a move by the Federal Government to tax dividends paid from the profit of oil companies.