The Central Bank of Nigeria (CBN) has adjusted the Customs duty rate for cargo clearance in Nigeria’s ports. The apex bank reviewed the Customs duty downward following the stellar performance of the Nigerian currency, the naira, in the official and parallel markets. CBN reduces rates for cargo clearance Data from the Customs trade portal shows … Read more

Two people have reportedly died after an explosion rocked a 200 housing estate under construction in Dalwa, Borno State. Channels Television reports that an Improvised Explosive Device exploded and killed the two persons at about 1pm on Wednesday. Dalwa is a community that is about 175 kilometres away from Maiduguri. According to the report, the … Read more

Petroleum marketers have been cautioned by the federal government through Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Osun to refrain from hoarding and any other sharp tactics prior to, during, and following the holiday. Residents of the state were also cautioned by the agency not to store petroleum products at home or engage … Read more

Long dependent on fossil fuels before emerging a champion of offshore wind power, Danish company Orsted is now struggling to restore its business after dropping several major projects. Orsted was dealt a $4 billion blow last year when it cancelled wind farm projects in the United States, a crucial market for the group. The return … Read more

Maiduguri, Borno state – Two people have been reportedly killed after an improvised explosive device (IED) went off in a housing estate under construction in Dalwa, Borno state. Borno is governed by an All Progressives Congress (APC) chieftain, Professor Babagana Zulum. As reported by Channels Television, the explosion happened around 1 p.m. on Wednesday, December … Read more

The leader of the United Kingdom (UK) Conservative Party, Kemi Badenoch, on Wednesday, said she is not interested in doing Nigeria’s PR, after the Vice-President, Kashim Shettima criticised her for denigrating the country. Badenoch was born in the UK in 1980 to Nigerian Yoruba parents. She, however, returned to Nigeria, where she grew up and … Read more

Findings by Legit.ng show that Nigerian banks are rationing cash in over-the-counter withdrawals and ATMs. The development comes amid worsening cash scarcity nationwide, leading to Point-of-Sale (PoS) operators exploiting the situation to hike their charges by as much as 100%. Banks impose N10,000 cash withdrawal limit Visits to some banks in the Lagos metropolis show … Read more

In Federal University of Technology, Akure (FUTA), where dreams are often forged from sheer will and determination, Caleb Temiloluwa Adewole emerged as a beacon of academic excellence. His story, much like a river carving its path through mountains, is one of resilience, unwavering faith, and an insatiable thirst for knowledge. Caleb Temiloluwa Adewole first-class graduate … Read more

The federal government has said not less than 11 laws that contain provisions on imposition and collection of taxes would be repealed if the proposed tax reforms submitted by President Bola Tinubu are approved. The government also submitted that the reforms aim to scrap over 50 nuisance taxes suffered by local businesses in the country. … Read more

In the year 2024, the sports world mourned the loss of several remarkable Nigerian athletes whose legacies will always be cherished. Below are the notable Nigerian athletes who passed away in the outgoing year: Peter Fregene (October 14, 2024): The iconic former national team goalkeeper, Peter “Apu” Fregene died at the age of 77 after … Read more