The Nigeria Customs Service (NCS) has begun implementing a two-year exemption on import duty and Value Added Tax (VAT) for key pharmaceutical raw materials. This was disclosed in a statement on Wednesday by the NCS National Public Relations Officer, Abdullahi…
Chevron has expressed interest in hydrocarbon exploration off the island of Crete in the Mediterranean Sea, the Greek energy ministry said in a statement on Wednesday. According to the statement, Greece said it has accepted the U.S. oil producer’s interest…
Dangote Petroleum Refinery & Petrochemicals issued a tender to sell 128,000 metric tons of residual fuel oil in April, according to a summary of the tender document shared by a Reuters market source. Straight-run fuel oil is a feedstock processed…
MTN Group and Airtel Africa have agreed to share mobile phone network infrastructure in Nigeria and Uganda. Statements by the duo on Wednesday said the agreement is aimed at saving investments while still increasing service coverage. Mobile operators in Africa…
The Naira on Wednesday appreciated N1,575 per dollar in the parallel market from N1,585 per dollar on Monday. However, the Naira depreciated to N1,535 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of…
The Association for the Defense of the Nigerian Economy (ADNE) has dismissed allegations that MultiChoice unfairly increased its DStv subscription prices in Nigeria while reducing them in South Africa. The non-governmental organisation described the claims as misleading and lacking economic…
A group of gunmen ambushed police officers who were on a rescue mission after abducting a female real estate agent identified as Esther in Ibusa, Oshimili North Local Government Area of Delta State. The incident occurred on Monday, following a…
A Federal High Court in Port Harcourt has dismissed the lawsuit filed by First Bank of Nigeria (FBN) against General Hydrocarbons Limited (GHL), ruling that it lacked the jurisdiction to hear the case. Justice E.A. Obile upheld the preliminary objection…
Victor Giwa, one of the lawyers representing Natasha Akpoti-Uduaghan, has accused the Kogi State Government of sponsoring the recall of the suspended female lawmaker as senator representing Kogi Central Senatorial District. Giwa, who was a guest on Channels Television’s…
Justice Obiora Egwuatu of the Federal High Court Abuja has recused himself from the case filed by the Senator Representing Kogi Central District, Senator Natasha Akpoti-Uduaghan. At the proceedings on Tuesday, Justice Egwuatu announced his decision to withdraw from the…
Thirty-nine constitutional amendment bills have scaled second reading in the House of Representatives The bills cut across various sectors, including judicial reforms, electoral matters, security and policing, inclusive governance, legislature, and others. Some of the proposals include: A Bill for…
Equities mostly rose in Asia on Tuesday, extending Wall Street’s rally on easing fears over Donald Trump’s planned tariffs, while traders were also looking ahead to the release of key US inflation data. A surge in tech giants including Tesla…
The appeal of a Vietnamese property tycoon convicted of money laundering began on Tuesday, three months after she lost a challenge against the death penalty in a separate case. Property developer Truong My Lan was found guilty in April 2024…
Samsung Electronics co-CEO Han Jong-hee, credited with boosting the South Korean tech giant’s television business on the global stage, died of a heart attack Tuesday aged 63, the company told AFP. “He died from cardiac arrest today,” a Samsung spokesperson…
The United States on Monday extended the amount of time that the energy giant Chevron has to wind down its operations in Venezuela, as President Donald Trump announced plans to penalize countries importing Venezuelan oil. The US Treasury Department previously…