The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has revealed plans to deploy advanced technology to curb smuggling and manage cross-border transport between Nigeria and the Republic of Benin. Speaking during a working visit to the Ogun II Area Command in Abeokuta on Wednesday, Adeniyi disclosed that the […]
A petroleum tanker has fallen and exploded on the Lagos-Ibadan Expressway, triggering a major fire outbreak near the NASFAT U-Turn in Ogun State. The Federal Road Safety Corps (FRSC), Ogun Sector Command, confirmed the incident, stating that emergency response teams are already on the ground managing the situation. Several nearby […]
The recent complete divestment by Baillie Gifford—one of the world’s most respected long-term institutional investors—from African e-commerce pioneer, Jumia, underscores serious concerns over the platform’s sustainability and credibility. Baillie Gifford, known for backing global disruptors like Tesla and Shopify, announced in its May 5, 2025 filing that it had sold […]
MTN Uganda is advancing plans to structurally separate its mobile money platform, MTN MoMo, from its core telecommunications operations in line with the country’s evolving regulatory landscape. This move comes in direct response to Uganda’s National Payment Systems Act of 2020, which mandates the creation of distinct legal entities for […]
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 […]
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. […]
The ancient city of Ijebu Ode played host to the 2025 edition of the Ojude Oba Festival on Sunday, drawing throngs of cultural enthusiasts, dignitaries, and tourists in what has become one of Nigeria’s most anticipated cultural celebrations. The festival, which celebrates the rich heritage of the Ijebu people […]
