Nigeria Imposes Penalties On Digital Lenders Under New Rules
Nigeria’s digital lending industry now faces tougher compliance requirements, with fines of up to ₦100 million or 1% of a company’s annual turnover for unethical conduct, under new regulations issued by the Federal Competition and Consumer Protection…
Jumia partners ministry to scale eCommerce sector
To advance Nigeria’s e-commerce sector and deepen digital inclusion, the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has met with the leadership of Jumia Nigeria to align private sector innovation with national digital economy reforms…
Nigeria’s Agricultural Exports Hit Record High Fueled By Weak Naira
…lExperts Urge Export Competitiveness, Domestic Productivity Enhancement…Value Addition To Reduce Over-Reliance On Raw Commodity Export Nigeria’s agricultural sector recorded a historic surge in export earnings in the first quarter of 2025 due to the…
Consumers To Pay More After NCS Reviews FOB, Licensing Fee Hike
Importing goods into Nigeria will cost more ever after the Nigeria Customs Service (NCS) revives four per cent Free on Board (FoB) charge and plans licensing fee hike for agents. The FOB charge, passed as law, is calculated based on the value of imported…
From Debts to Despair: Tinubu’s Economic Gamble and Nigeria’s Accelerating Collapse
(saharaweeklyng.com) A nation sinking under the weight of borrowed promises in the past two years, President Bola Ahmed Tinubu’s administration has plunged Nigeria into a shocking spiral of DEBT ACCUMULATION, RECORD-INFLATION and WORSENING POVERTY, all…
Tinubu orders implementation of pension increase for retirees
President Bola Tinubu has ordered the implementation of the long-awaited pension increase for retirees President Bola Tinubu has ordered the implementation of the long-awaited pension increase and the rollout of free healthcare for low-income retirees…
How Do You Survive With 70,000 Per Month, You Pay Policeman 150k No Pension – Fayose
Isaac Fayose, brother to former Ekiti State Governor Ayodele Fayose, has expressed strong concerns about the low salaries paid to Nigerian workers, saying the system sets them up to fail. He made these remarks during an interview on the Glitch Africa…
Nigeria loses $500m yearly to informal, poorly-regulated vessel leases
Nigeria may be losing over $500 million yearly to an unstructured and unregulated ship brokerage system, compounded by weak compliance monitoring and oversight in vessel chartering operations, those familiar with the issues have said. Shipbrokers have…
Yobe Approves N2.7bn For Market Construction
Governor Mai Mala Buni of Yobe State has approved the sum of N2.7 billion for the construction of a modern market in Machina, as part of his administration’s ongoing drive to boost economic development and improve commercial activities across the state.…
President Tinubu extends tenure of Customs C-G
By Saidu Abubakar The Presidency announces that the tenure of the Comptroller-General of the Nigeria Customs Service, Mr. Bashir Adewale Adeniyi, MFR, which is due to expire on August 31, 2025, has been extended by one year. This was contained in a State…