Stakeholders in Nigeria’s e-commerce space have raised serious concerns over the continued use of pay-on-delivery (POD), describing it as a fundamental error made at the early stage of the industry that has now become a major obstacle to its growth and sustainability. Speaking at the E-commerce and Payment Forum organized […]
Day: June 10, 2025
The Russian Federation has reaffirmed its commitment to supporting the Nigerian business community in strengthening trade ties with Russian companies, with the goal of significantly increasing trade volumes between both countries. This pledge was made by the Russian Ambassador to Nigeria, Andrey Podelyshev, during a media briefing held in Abuja, […]
The Federal Government of Nigeria is set to lose $4 million from a World Bank loan after failing to meet international auditing standards in a critical revenue reform initiative involving the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service. The funding was part of the $103 million Fiscal […]
Nigeria’s Dangote Oil Refinery is rapidly reshaping global crude trade flows, significantly increasing its reliance on U.S. West Texas Intermediate (WTI) crude amid shifting market dynamics. With a massive installed capacity of 650,000 barrels per day, the $19 billion Lagos-based facility is now sourcing a third of its crude oil […]
The U.S. State Department has directed all American diplomatic posts worldwide to immediately resume processing visas for Harvard University’s international students and exchange visitors. The new directive follows a federal court decision that blocked the Trump administration’s recent attempt to restrict entry for foreign students attending the Ivy League institution. […]