Nigeria has taken a major step in modernising its trade ecosystem, as global logistics firm DHL, alongside key regulatory agencies, successfully commenced the electronic submission and transmission of cargo manifests through the National Single Window. The rollout, involving the Standards Organisation of Nigeria (SON), Nigeria Agricultural Quarantine Service (NAQS), and National Environmental Standards and Regulations …
The Federal Government has advanced Nigeria’s next-generation satellite programme into the execution stage, with NIGCOMSAT-2A and NIGCOMSAT-2B slated for launch in 2028 and 2029 to strengthen connectivity, national security and digital economic growth. Managing Director of NIGCOMSAT Limited, Mrs Jane Nkechi Egerton-Idehen, disclosed this during the opening of the Satellite Week 2026 in Abuja. She …
The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing individual annual tax returns to April 14, 2026, giving taxpayers in Lagos an additional two weeks beyond the initial April 1 deadline. The agency said the extension is aimed at allowing taxpayers sufficient time to properly complete and submit their returns, while …
The United States significantly reduced its imports of Nigerian crude oil in January 2026, with volumes falling by 47.2 per cent compared to December 2025, reflecting a new trajectory of trade relationship between the advanced nation and the West African country. According to recent data released by the U.S. Census Bureau and the U.S. Bureau …
As compliance remains low, confusion persists over tax filing obligations under the Nigeria Tax Act 2025* With the March 31 deadline only hours away, many Nigerians are still struggling to understand how to properly file their tax returns, exposing a wider gap in awareness and compliance across the country. Despite repeated warnings from the government, …
Chairman of the Alliance for Economic Research and Ethics (AERE), Dele Oye, has raised concerns that Nigeria is having a shortfall of 360,000 barrels daily and losing at least ₦28.3 trillion annually in additional revenue as oil prices have surged above $100 per barrel due to the ongoing war involving the United States, Israel, and …
The African Export-Import Bank (Afreximbank) has launched its first Accelerator Programme to support startups building Africa’s digital trade ecosystem. The programme kicked off in Cairo with eight selected startups from across Africa and the diaspora. The cohort emerged from over 1,600 applications. The startups operate in key areas such as cross-border payments, logistics, agri-export, and …
Bank of America has agreed to pay $72.5 million to settle a civil lawsuit filed by women who accused the bank of aiding Jeffrey Epstein’s sexual abuse. Court records showed that the agreement followed a “settlement in principle” reached earlier this month, though the terms were not initially disclosed. The settlement still requires approval from …
As global conversations on gender inclusion gain momentum, and the world continues to celebrate the contributions of women across various sectors, the Nigeria Customs Service (NCS) on Friday staged a surprise ceremony at its headquarters in Maitama, Abuja, to honour its female officers for their dedication, resilience, and sacrifices in service to the nation. The …
The Federal Government (FG) has defended its £746 million ports upgrade deal with the United Kingdom, saying the agreement will deliver strong economic gains for Nigeria. The deal, worth about $997 million, is to upgrade Apapa Port and Tin Can Island Port. These ports handle about 70 per cent of Nigeria’s trade. The Federal Ministry …
