Customs Explores Inland Waterways to Ease Cargo Movement, Boost Trade in North-West The Nigeria Customs Service (NCS), North Western Marine Command (NWMC), Lokoja, has engaged trade and industry stakeholders on the development of inland waterway transportation as an alternative for cargo movement and a means of improving trade facilitation across Kogi State and the wider
The Federal Government, state governments and local government councils have shared a total of N2.338 trillion in revenue for August 2026. The Federation Account Allocation Committee (FAAC) disclosed this in a communiqué issued after its September 2026 meeting in Abuja. Bawa Mokwa, Director of Press and Public Relations in the Office of the Accountant-General of
Nigeria’s headline inflation rate eased marginally to 15.39 per cent in August 2026, down from 15.43 per cent recorded in July, according to the National Bureau of Statistics (NBS). The NBS disclosed this in its Consumer Price Index (CPI) report released on Tuesday, noting that the latest figure represents a 0.04 percentage-point decline from the
In Kano, NEPC Equips Women Entrepreneurs with Skills to Access International Markets The Nigerian Export Promotion Council (NEPC) has trained women entrepreneurs and business owners in Kano State on product value addition, standardisation, certification and export readiness to enhance their competitiveness in international markets. The workshop, organised by the NEPC Northwest Regional Office, focused on
Nigeria’s Inflation Rate Drops to 14.63% in September, Says NBS Nigeria’s headline inflation rate declined to 14.63 per cent in September 2026 from 15.39 per cent in August, marking the third consecutive monthly drop since June, according to the National Bureau of Statistics (NBS). The NBS disclosed this in its Consumer Price Index (CPI) report
FAAC: FG, States, LGs Share ₦2.43trn in September Revenue The Federal Government, state governments and local government councils have shared ₦2.428 trillion in revenue generated into the Federation Account in September 2026. The revenue allocation was announced in a statement issued on Thursday by Bawa Mokwa, Director of Press and Public Relations at the Office
IMF, World Bank Warn AI Could Deepen Nigeria’s Unemployment Crisis The International Monetary Fund (IMF) and the World Bank have warned that artificial intelligence (AI) could intensify employment challenges in Nigeria and other developing economies unless governments and businesses invest in digital skills, infrastructure and technologies that boost productivity and create jobs. IMF Managing Director,
Nigeria’s data consumption increased by nearly 47 per cent in one year, with the Nigerian Communications Commission, NCC, warning that demand for digital services is growing faster than the country’s existing network capacity. The commission disclosed this in a communiqué issued following the Nigeria Digital Connectivity Investment Forum 2026, held in Abuja from September 29
The Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyode, has said the maximum amount that can be recovered after funds have been stolen is about 60 percent. Olukoyode disclosed this on Friday during the inauguration of the EFCC Zonal Office in Awka, Anambra State. According to the EFCC chairman, the difficulty of
CBN: Nigeria’s Net External Reserves Rose from $859m in 2023 to $40bn The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s net usable external reserves stood at just $859 million in the second quarter of 2023, before rising to about $40 billion under the current administration of Governor Olayemi Cardoso. The CBN Deputy Governor,