The Nigeria Customs Service (NCS) has announced the suspension of the 4% Free-on-Board (FOB) levy on imported goods following a directive from the Federal Ministry
Category: Business & Economy
NNPC boss seeks stronger African ties for energy security
The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, has called for deeper collaboration among African nations to secure the continent’s energy
NNPC showcases energy investment prospects at Gastech Milan
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has urged global investors to take advantage of vast opportunities in Nigeria’s energy sector. Group Chief Executive
FG clarifies 5% fuel surcharge, dismisses new tax fears
The Federal Government has clarified that the recently debated 5% fuel surcharge is not a new tax but an existing levy introduced under the Federal
Customs board approves $300 duty-free threshold, warns officers on misconduct
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, effective
Presidency says Nigeria’s non-oil revenues hit highest fiscal performance in decades
The Presidency has hailed Nigeria’s strongest fiscal performance in recent history, powered by record growth in non-oil revenues between January and August 2025. According to
Tinubu: Nigeria meets 2025 revenue target ahead of schedule
President Bola Ahmed Tinubu announced on Tuesday in Abuja that Nigeria achieved its 2025 revenue target as early as August, attributing the milestone to ongoing
NNPC, TotalEnergies, Sapetro sign landmark PSC for deepwater blocks
The Nigerian National Petroleum Company (NNPC) Ltd, in partnership with the TotalEnergies–Sapetro Consortium, has signed a landmark Production Sharing Contract (PSC) for Petroleum Prospecting Licences
Tinubu pledges swift action on Nigeria–Colombia bilateral agreements
President Bola Ahmed Tinubu has reaffirmed Nigeria’s commitment to deepening international partnerships, assuring Colombia of the swift implementation of all bilateral agreements reached between both
Tinubu welcomes Petrobras’ return as Nigeria, Brazil sign five new economic agreements
President Bola Tinubu on Monday welcomed the imminent return of Petrobras to Nigeria, five years after the Brazilian state-owned Oil Company suspended its joint venture
