Wednesday, July 9, 2025

ECONOMY

ECONOMYTOP STORY

Customs waivers, concessions by Buhari cost Nigeria N1.3trn in 2023

Nigeria Customs Service (NCS) has revealed that it lost N1.3 trillion in 2023 due to waivers and concessions that former President Muhammadu Buhari’s administration granted to investors. The Customs also said it was not privy to details of the Custom’s $3.2bn modernisation project. The NCS Comptroller-General, Adewale Adeniyi, disclosed this...
ECONOMYOTHER BUSINESSESTOP STORY

Breaking News: President Tinubu secures multi-billion dollar funding from Islamic Development Bank

President Bola Tinubu has secured a multi-billion dollar infrastructure funding package from the Islamic Development Bank (IDB) to fund a multi-sectoral portfolio of infrastructure projects at the federal and sub-national levels in Nigeria. Business247News reports that this was disclosed in a statement by presidential spokesperson Ajuri Ngelale on Tuesday. The...
ECONOMYTOP STORY

Tinubu signs 2023 Supplementary Budget of N2.1trn

President Bola Tinubu signed the N2.176 trillion Supplementary Appropriation Act on Wednesday in Abuja to strengthen Nigeria’s security architecture and address the critical infrastructure deficit, amongst other considerations. According to a statement by the presidential spokesperson, Ajuri Ngelale, the president signed the Supplementary Appropriation Act, 2023, in his office at...
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