Nigeria Customs Service (NCS), said yesterday that private jet operators whose aircraft were grounded over alleged non-payment of import duties have begun the process of regularising their duty payments. Spokesperson of NCS, Maiwada Abdullahi, who confirmed this to Vanguard, said the decision to ground the private jets came after the expiration of the given ultimatum. Last night, reports emerged that …

The naira yesterday appreciated to N1,615 per dollar in the parallel market from N1,620 per dollar on Tuesday. Likewise, the Naira appreciated to N1,564 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for the naira fell to N1,564 per dollar from N1,579 per dollar on …

Less than 48 hours to Eid-el-Kabir, the prices of tomatoes, peppers, onions, and other perishables have suddenly soared in the aftermath of the collapse of the Mokwa Bridge in Niger State, which left hundreds of trucks conveying food items trapped. Market sources say the price surge is as a result of the failed bridge and the Sallah celebrations, which begin …

As Nigerians gear up for the Eid-El-Kabir celebration, ram traders in the Ibafo, Kara and Agege markets of Ogun and Lagos states on Wednesday lamented low patronage, blaming it on the rising cost and economic downturn. The traders who spoke separately with PUNCH Metro said there was a decline in patronage compared to what was applicable last year because of the …

No fewer than 40 Ogun State residents are billed to benefit from the Food Agriculture Organisation’s (FAO) N200 million support for fish farmers. Under the pilot scheme, each of the 40 farmers is to receive between N2.5 million and N5 million to upscale fish farming business and production. Representative of the Food Agriculture Organisation in Nigeria and West Africa, Koffy …

The Gates Foundation has agreed to support the federal government with $7.5 million for Nigeria’s Artificial Intelligence (AI) Scaling Hub, a new initiative. This would accelerate the development and scale-up AI-driven solutions to improve lives and expand opportunities across key sectors such as health, agriculture, and education. The special adviser of media and communications, ministry of communications, innovation and digital …

The federal government is partnering with the United Nations Children’s Fund (UNICEF) to train 20 million young Nigerians on digital skills by 2030. Vice-President Kashim Shettima disclosed this at a meeting with the United Nations (UN) resident and humanitarian coordinator in Nigeria, Mohammed Fall, on Tuesday in Abuja. The meeting was also attended by the UNICEF deputy representative, Rownak Khan …

The naira yesterday depreciated to N1,620 per dollar in the parallel market from N1,610 per dollar on Monday. But the Naira appreciated to N1,579 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for the naira fell to N1,579 per dollar from N1,580 per dollar on …

The telecom operators in Nigeria, including MTN Nigeria, Airtel, Globacom and 9Mobile have threatened to withdraw network support for banks’ Unstructured Supplementary Services Data (USSD), following what they described as gross misinformation of subscribers on the mode of deduction for transaction fees. USSD, commonly known as ‘bank transfers’, is done through short codes on mobile phones. Yesterday, the banks issued …

Nigerian indigenous oil companies are making multi-billion dollar investments to develop divested onshore and shallow water assets, leading a new phase of growth and innovation in the oil and gas sector