CBN has reduced the foreign exchange duty rate imposed by the Customs by 5.3%, citing the stabilization of the naira as the reason for this decision.

The Central Bank of Nigeria has reduced the exchange rate used for computing the country’s Customs duties by 5.3%, citing the stable exchange rate between the naira and the dollar. On the official trade portal of the Nigeria Customs Service, the duty rate has been adjusted from N1630.159/$ to N1,544.081/$. This marks a 5.3% decrease…

A tragic incident unfolded in Edo State as a group of enraged individuals attacked and fatally beat a policeman.

In Akoko-Edo Local Government Area of Edo State, tragedy struck as two mobile police officers were fatally beaten by an enraged mob, while two others sustained injuries. The incident unfolded following a collision between a vehicle carrying four police officers and a motorcycle, resulting in the death of the rider and passenger. Reportedly, the policemen…

Nigerians are urged to voice their grievances regarding hardship in a mature and responsible manner, emphasized Kashim Shettima.

Vice President Kashim Shettima, speaking at the 29th pre-Ramadan lecture organized by the University of Lagos (UNILAG) Muslim Alumni, called on Nigerians to voice their grievances over the country’s hardship in a responsible and mature manner. Represented by his special adviser on political matters, Hakeem Baba-Ahmed, Shettima emphasized that the current administration would have…

PRESIDENT TINUBU TO QATARI INVESTORS: REPORT TO ME ANY OF MY OFFICIALS WHO OBSTRUCT PROGRESS OR ASKS FOR BRIBE; NO DEVIATION FROM PATH TO PROSPERITY

President Bola Tinubu has assured the international business community that Nigeria is ready for serious business as his administration will deal decisively with any and all entrenched interests in the country who undermine investor confidence in the Nigerian economy, pledging to remove all bottlenecks standing in the way of profitable and legitimate enterprise. Speaking at…

PRESIDENT TINUBU WELCOMES MULTI-SECTORAL AGREEMENTS WITH QATAR; SET TO RECEIVE QATAR’S INVESTMENT TEAM IN ABUJA

President Bola Ahmed Tinubu, and His Highness, Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, on Sunday in Doha, witnessed the signing of historic agreements between both nations, opening a gateway for leveraging the potential of mutual cooperation in pivotal sectors of education, enterprise development, investment promotion, youth empowerment, mining, tourism,…

A man has been apprehended for purportedly poisoning his wife with the intention of inheriting her assets.

The police in Jigawa state have detained a 40-year-old man named Habu Ibrahim for allegedly plotting to poison his wife in Danadama village, Sule Tankarkar LGA. Revealing this development to journalists, the state’s Commissioner of Police, A. T. Abdullahi, issued a statement stating that the suspect was apprehended for purportedly contaminating a drink and meat…

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