Day: September 15, 2025

The Federal Government has suspended the proposed collection of a 4 percent Free On Board (FOB) charge on all imports, following concerns that it could disrupt trade and worsen economic pressures in Nigeria. In a memo (Ref. No. F6380/T/12) dated September 15, 2025, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said extensive consultations with stakeholders, trade... Read more

Borno tops food inflation chart at 36.7% Nigeria’s inflation rate continued its downward streak for the fifth straight month, easing to 20.12 percent in August 2025 from 21.88 percent in July, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The report showed that inflation has dropped by 1.76 percentage points month-on-month... Read more

By Adamu Aliyu  The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has dismissed as false and malicious recent allegations circulating on social media that its officials are involved in petroleum smuggling, illegal levies, and sabotage of government refineries. In a circular to members, the union described the claims as a “coordinated campaign of blackmail, distortion of facts, and... Read more