President Bola Tinubu has arrived in Rio de Janeiro, Brazil, to participate in the 17th Summit of Heads of State and Government for the Global South and Emerging Economic Bloc, which includes Brazil, Russia, India, China, and South Africa (BRICS). The President’s flight touched down at the Galeao Air Force Base tarmac at 8:45 pm on Friday, where the Galeao …

The Nigeria Customs Service (NCS), Apapa Port Command, has sealed three bonded terminals with 27 laden containers impounded in it’s renewed efforts to curb sharp practices in the imports trade sector. Area Controller of the Command, Comptroller Babatunde Olomu, disclosed this during a press briefing in Lagos, Thursday. The Area Controller who attributed the development to his Command’s determination to …

Foreign portfolio transactions on the Nigerian Exchange Limited surged to N118.9 billion in May 2025, representing an increase of 88.54 per cent compared to N63.07 billion recorded in April 2025. The rise in foreign inflows, equivalent to about $74.97 million at the prevailing exchange rate, contributed significantly to the overall equity market activity, which saw total transactions jump by 45.32 …

The Nigerian economy is estimated to have grown by about 3.7 per cent in the first half of 2025, driven by improved business conditions and increased oil production. This was revealed in the Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) report compiled by S&P Global and released on Tuesday. The PUNCH recently reported that the World Bank reaffirmed its …

The Nigerian Customs Service (NCS), Apapa Area Command, said it generated N1.3 trillion in six months. The area command also seeks partnership with National Association of Government Approved Freight Forwarders (NAGAFF) and Association of Nigerian Licensed Customs Agents (ANLCA). Leading his team on a familiarisation visit to ANLCA and NAGAFF offices in Lagos on Tuesday, Area Comptroller of Apapa Customs, …

The Kwara State Internal Revenue Service (KW-IRS), in collaboration with the Ministry of Education and Human Capital Development has concluded the preliminary stages of the 2025 edition of the Tax Club Quiz Competition today, Friday 27th June, 2025. The preliminary rounds commenced on 23rd June 2025, following a coordinated mock test organized by KW-IRS for all registered schools to enable …

The Comptroller General (CG) of the Nigeria Customs Service (NCS), Adewale Adeniyi has been elected as the Chairperson of the World Customs Organisation (WCO), the highest decision-making body in global customs administration. In a statement on Saturday, NCS’ National Public Relations Officer, Assistant Comptroller Abdullahi Maiwada.said that Adeniyi was elected during the 145th/146th WCO Council meeting held on Saturday at …

President Bola Tinubu has appointed a former aide to ex-President Muhammadu Buhari, Ismael Ahmed, as the Executive Chairman of the Presidential Compressed Natural Gas Initiative (PCNGi). ‘Ahmed will coordinate the operations of the presidential initiative, which is designed to alleviate the effects of removing fuel subsidies by offering cheaper, more affordable, and cleaner energy options’, the President’s Special Adviser on …

President Bola Tinubu, on Thursday, signed into law the four new tax bills recently passed by the National Assembly, describing the new laws as pivotal to the success of the administration’s reforms and the country’s prosperity. The bills are the Nigeria Tax Bill (Ease of Doing Business), which aims to consolidate Nigeria’s fragmented tax laws into a harmonised statute; the …

The concurrent operation of three budgets is a deliberate strategy to ensure the delivery of appropriated capital projects, the Federal Government has said. Director General, Budget Office of the Federation, Tanimu Yakubu, yesterday provided clarity on the multi-budget operations. The 2024 Appropriation Act, 2024 supplementary budget, and 2025 Appropriation Act are running simultaneously. The National Assembly this week extended the …