The Grimaldi Group, a multinational logistics company that specialises in maritime transportation of passengers, cars, rolling stock, and containers has pioneered a direct shipping service connecting Shanghai, China, to Lagos, Nigeria, eliminating the need for transshipments. The innovation, a first of its kind, was disclosed in Lagos on Monday by Monday Ascanio Russo, the Managing

The Enugu, Anambra, and Ebonyi Command of the Nigeria Customs Service (NCS) has achieved a record-breaking revenue collection of N50.8 billion in 2024, representing a 50 percent increase compared to the N27.9 billion recorded in 2023. Comfort Ukpanah, the Customs Area Controller, attributed the achievement to a strategic alignment with the Comptroller-General’s policy guidelines of

The Comptroller-General of the Nigeria Customs Service (NCS), Mr Bashir Adewale Adeniyi Your browser does not support the video tag. By Aliyu Jamil Gumel The Future AI Conference, held on December 27, 2024, in Hadejia, Jigawa State, transcended its primary focus on advancements in artificial intelligence (AI) for Nigeria’s development. Beyond the innovations and discussions

CBN Headquarters Your browser does not support the video tag. CBN Introduces New Account Options for Non-resident Nigerians The Central Bank of Nigeria (CBN) has launched two innovative account products designed to enhance financial access and investment opportunities for Non-Resident Nigerians (NRNs). Unveiled on Friday, January 10, 2025, the Non-Resident Nigerian Ordinary Account (NRNOA) and

Global trade faces uncertainty as escalating trade tensions and tariff wars cast a shadow over the outlook in 2025, according to a new report United Nations Trade and Development (UNCTAD). This outlook, particularly affecting developing countries like Nigeria and its West African peers, is due to potential shifts in U.S. trade policies, increased industrial protectionism

Your browser does not support the video tag. NBS to Include Illicit Drugs Trade, Others in GDP Metrics The National Bureau of Statistics (NBS) has unveiled plans to incorporate proceeds from illicit activities, including drug trafficking, prostitution, and other illegal ventures, into the calculation of the country’s Gross Domestic Product, GDP. The announcement was made

Your browser does not support the video tag. 2025 Budget: Regional Development Commissions to Receive N2.49trn The Federal Government has allocated a total of N2,493,138,248,477 to regional development commissions in the proposed 2025 budget. The Bola Tinubu-led Federal Executive Council (FEC) established the Ministry of Regional Development in October 2024 to oversee all regional development

Your browser does not support the video tag. Fuel Prices may Soar as Crude Oil Nears $80/barrel The prices of refined petroleum products may rise in the coming days following the increase in the cost of Brent, the global benchmark for crude. Crude oil is a major commodity that determines the prices of refined petroleum

L-R: Patron STL Polo Club, Seyi Tinubu; Head of Partnerships, Moniepoint Inc, Efemena Ogie, and General Counsel, Moniepoint Inc., Okechukwu Eke during the prize presentation of the Moniepoint Cup at the 2024 Abuja National Carnival Polo Tournament in Abuja, recently. In a display of skill and strategic nous, STL Polo Club, captained by Seyi Tinubu

The UK introduced a new Electronic Travel Authorization (ETA) system, changing how travellers from certain countries can enter the UK on January 8, 2025. The new system affects a group of nations, including three African countries, which previously had visa-free access to the UK. The countries affected by this change in Africa are Botswana, Mauritius

Former heavyweight champion Anthony Joshua has expressed his determination to fight Tyson Fury in 2025, declaring that the long-anticipated clash between the two British heavyweights “has to happen this year.” A showdown between the two rivals has been in the works for years but has yet to materialise. Both fighters are coming off losses in

Akinwumi Adesina, president of the African Development Bank (AfDB). Nigeria secured a total of $7.6 billion investment commitments at the 2024 Africa Investment Forum, hosted by the African Development Bank (AfDB) and its partners in December. According to Akinwumi Adesina, president of AfDB in a post on his X account, several State Governors including Lagos