Category : Search result: excess tariff payments


Kidnappers collect ₦2.57bn ransom in one year

A new report exposes that kidnappers in Nigeria collected a staggering ₦2.57 billion in ransom from July 2024 to June 2025, with the Northwest as the epicentre. Discover the shocking scale of this criminal enterprise.

FG Orders Road Contractors to Stay on Site for Christmas

Works Minister David Umahi directs contractors on major highways to remain on site during the festive season to ease gridlock. FG also announces N263bn payment plan for contractors, pending verification of N2.13trn debt.

OneDosh Launches Borderless Payments in US and Nigeria

OneDosh launches its cross-border payments platform in the US and Nigeria, using stablecoin tech for instant, low-cost international transfers. The service is live in 49 US states, with New York coming soon.

NIBSS assures seamless festive e-payments

NIBSS promises hitch-free digital transactions this yuletide, backed by N384 trillion quarterly volume. FCCPC warns transporters against arbitrary fare hikes. Read more.

Lawmakers Must Revisit Beverage Excise Bill, Experts Warn

Analysis reveals the proposed Customs, Excise and Tariff Amendment Bill lacks Nigeria-specific evidence, risks 1.5 million jobs, and contradicts fiscal stability goals. Lawmakers urged to pause for broader consultation.

CBN Enforces New Cash Withdrawal Limits & Fees

The Central Bank of Nigeria has announced new weekly cash withdrawal limits of N500,000 for individuals and N5m for corporates, with excess fees starting January 1, 2026. Read the full details.

China Announces Zero-Tariff Policy for Nigerian Goods

China pledges zero-tariff access for Nigerian exports, accelerating economic ties. This move aims to deepen bilateral cooperation and mark 55 years of diplomatic relations. Explore the details and implications for Nigeria's trade future.

China to Implement Zero-Tariff on Nigerian Exports Early

China's Ambassador to Nigeria announces readiness to expedite zero-tariff policy for Nigerian goods, boosting trade ahead of 55th diplomatic anniversary and 2026 cultural exchanges. A major win for Nigeria's exporters.

Gratuity Returns for Federal Workers in 2026

Federal workers celebrate as gratuity payments resume in January 2026 after a decade-long halt. The ASCSN also pushes for pension reforms and opposes Unity Schools' privatization.

Fintech Growth Demands Strategic Partnerships

Fintech sector growth is unsustainable without strategic partnerships with banks, regulators, and tech providers. Learn how collaborations drive financial inclusion and innovation in Nigeria.

US Ends 15% Tariff on Ghana's Cocoa Exports

United States removes 15% tariff on Ghana's cocoa and agricultural exports, set to generate $60 million additional annual revenue for Ghana's economy. Read full details.

Reps Committee Raises Alarm Over POS Fraud

House of Representatives committee warns of rising POS fraud and unlicensed crypto dealings by operators. Investigation reveals security gaps and regulatory breaches in Nigeria's fintech sector.

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