The Nigeria Customs Service has halted the sale of seized food items to Nigerians following a tragic stampede at its Old Zonal Headquarters in Yaba, Lagos State, on Friday, which resulted in loss of lives. The decision, announced by Customs spokesperson Abdullahi Maiwada on Monday, comes after the service had previously announced plans to dispose…
President Bola Tinubu has directed the full implementation of the Oronsaye report, a landmark document that recommends reforms within Nigeria’s public sector. The report, commissioned in 2012, identified 541 federal government entities, including statutory and non-statutory parastatals, commissions, and agencies. Mohammed Idris, the Minister of Information, announced the President’s decision following a Federal Executive Council…
Stirrings of industrial unrest in Nigeria are becoming increasingly pronounced, as organized labor has announced a two-day nationwide strike on 27 and 28 February. This action is in response to what labor perceives as the Federal Government’s failure to honor a 16-point mutually agreed pact. The policies of fuel subsidy removal and liberalization of the…
Former presidential candidate of the Labour Party, Peter Obi, has expressed deep concern over the current state of Nigeria’s economy, describing it as one of the worst in the nation’s history. In a series of tweets on Monday, Obi lamented the tragic incident in Lagos where several lives were lost in a stampede during a…
The Federal Executive Council (FEC) has given its approval for the consolidation, elimination, and absorption of various Ministries, Departments, and Agencies (MDAs) of the government. This move aligns with the government’s strategy to reduce governance costs. Hajiya Hadiza Bala-Usman, the Special Adviser to the President on Policy Coordination, announced these decisions following the second FEC…
The Central Bank of Nigeria (CBN) has introduced new regulations requiring foreign exchange sellers to Bureau De Change (BDC) of $10,000 and above to declare their sources of forex. This move, announced by Haruna Mustapha, Director of the Financial Policy and Regulation Department at the CBN, aims to curb excesses of BDCs and address uncertainty…
Yoruba Nation Agitator, Chief Sunday Adeyemo, popularly known as Sunday Igboho, has called on Nigerians to refrain from blaming President Bola Ahmed Tinubu for the country’s current economic challenges. Igboho, who recently returned to Nigeria for his mother’s burial, made this statement during a visit to the palace of the monarch of Igboho town, where…
The House of Representatives Committee on the National Agency on Food, Drugs Administration, and Control (NAFDAC) has decided to suspend the ban on the sale of spirits and alcoholic drinks in sachets and pet bottles pending the outcome of its investigation into the matter. The decision was made after a public hearing on the ban,…
The Federal Government has announced a major overhaul of its cash transfer program to address fraud, with immediate implementation of direct payments. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, revealed this in an interview on Channels Television. The adjustment is aimed at fulfilling the President’s commitment to supporting vulnerable groups…
The Central Bank of Nigeria (CBN) has revised its formula for determining foreign exchange rates for customs duty on imports, aiming to address concerns over irregular changes in import duty assessment levies. Dr. Hassan Mohammed, Director of the Trade and Exchange Department at the CBN, announced this in a memo to the Nigeria Customs Service…