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Category: Business

Business Economy headline

Customs bows to pressure, suspends 4% FOB levy on imports

Iheanyi Ejiofor February 12, 2025 No Comments #Customs #FOB levy

Our reporter/ Following intense opposition from stakeholders, the Nigeria Customs Service has announced the suspension of the implementation of a 4% Free-on-Board (FOB) value on imports. Customs’ spokesman, Abdullahi Maiwada,…

Read More Customs bows to pressure, suspends 4% FOB levy on imports
Business Economy headline

Dangote refinery reduces diesel price, by N55 to N1,020 per litre

Iheanyi Ejiofor February 12, 2025 No Comments #Dangote refinery #diesel

Dangote Petroleum Refinery & Petrochemicals has reduced the cost of its diesel product to N1,020 per litre, down from N1,075 per litre at the gantry price, in an effort to…

Read More Dangote refinery reduces diesel price, by N55 to N1,020 per litre
Business Economy

NASENI EVC/CEO directs institutes to patronize NASENI’s technologies and products first

Iheanyi Ejiofor February 12, 2025 No Comments #NASENI

There is a popular adage, which says, ‘Charity begins at home’. This statement sat appropriately with the new policy unveiled at the weekend by the Management of the National Agency for…

Read More NASENI EVC/CEO directs institutes to patronize NASENI’s technologies and products first
Business Economy headline

CBN to charge customers for using other Banks’ ATMs

Iheanyi Ejiofor February 11, 2025 No Comments #CBN #ATM

Our reporter/ The Central Bank of Nigeria (CBN) says charges will now apply anytime customers use the Automated Teller Machines (ATMs) of banks other than theirs. This was contained in…

Read More CBN to charge customers for using other Banks’ ATMs
Business Economy headline

Nigeria ranked 140th out of 180 on 2024 corruption index

Iheanyi Ejiofor February 11, 2025 No Comments #Transparency international #corruption index

Our reporter/ Transparency International on Tuesday ranked Nigeria 140th position out of 180 countries in the world on the 2024 corruption perceptions index, according to a report by Transparency International.…

Read More Nigeria ranked 140th out of 180 on 2024 corruption index

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