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$80 US Postal Duty Hits Nigerian SMEs

01.09.2025
The Nigerian Postal Service has announced that from August 29, 2025, all postal shipments from Nigeria to the United States, except letters and documents, will attract a mandatory prepaid customs duty of $80 or its naira equivalent. In a public notice to its customers on Friday, NIPOST explained that the new charges stem from a...
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African Air Cargo Demand Soars 9.4% in July

01.09.2025
African airlines are flying more goods than ever, with cargo demand rising 9.4 per cent in July compared to the same month last year, the International Air Transport Association said in an email on Friday. The figure is almost double the global average of 5.5 per cent, showing the continent’s growing role in global trade....
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NEITI Backs Ojulari for Transparency Push

01.09.2025
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, Dr Ogbonnaya Orji, has expressed confidence in the Nigerian National Petroleum Company Limited under the leadership of Bayo Ojulari to deliver on the ongoing reforms and set new benchmarks for corporate governance in Africa’s extractive industry. Orji gave the assurance in Abuja on Thursday during...
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GTBank Injects ₦365.9bn, Boosts Capital Base

01.09.2025
Guaranty Trust Holding Company Plc has injected N365.9bn into its banking subsidiary, Guaranty Trust Bank Limited, to meet the new minimum capital requirement set by the Central Bank of Nigeria for commercial banks with international authorisation. The company, in a statement filed with the Nigerian Exchange Limited and the London Stock Exchange on Friday, said...
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Nigeria’s Excess Crude Account Hits $535,823 in August

31.08.2025
The Accountant-General of the Federation, Shamsedeen Ogunjimi, on Thursday said Nigeria’s Excess Crude Account stood at $535,823.39 as of August. Ogunjimi disclosed this at the National Economic Council meeting chaired by Vice-President Kashim Shettima. The ECA was created in 2004 under former President Olusegun Obasanjo to serve as a financial buffer, allowing the country to...
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Turn Your Salary into an Investment Fund: Practical Steps

31.08.2025
Your salary account is more than a place to receive your paycheck, it can be your gateway to smart investing and wealth building. By automating savings, opening investment accounts, and staying disciplined, you can turn today’s market opportunities into long-term financial growth. Don’t let your money sleep; make it work as hard as you do,...
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Afreximbank Secures A-/Stable Rating from Japan Credit Agenc

31.08.2025
Japan Credit Rating Agency, Ltd. has affirmed African Export-Import Bank’s A-issuer credit rating with a stable outlook. This affirmation is a split from the rating of Fitch and Moody’s, which downgraded the African lender recently. According to a statement from the bank, the rating reflected JCR’s assessment of Afreximbank’s strong strategic positioning, robust risk management...
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African Leaders Gather at UNGA 80 for Innovation Talks

31.08.2025
Black House Media and Allison Worldwide, in partnership with The King’s Trust, are set to host African business, policy, and cultural leaders at the second edition of the Africa Breakfast Conversations on the sidelines of the 80th United Nations General Assembly in New York City. Scheduled for September 26 at the World Trade Centre, the...
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NSACC to Boost Youth, SME Trade Between Nigeria & South Afri

30.08.2025
The Nigeria-South Africa Chamber of Commerce has announced plans to empower youth and small- and medium-scale enterprises as part of its efforts to strengthen bilateral trade between Nigeria and South Africa. Speaking at the recent Chamber’s monthly breakfast session, the Chairman of NSACC, Ije Jidenma, said the organisation is committed to creating opportunities that will...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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