The Federal Government has suspended the controversial 4% Free on Board (FOB) levy previously imposed on all imports into Nigeria. The move comes after widespread pushback from businesses, trade associations, and industry stakeholders who argued that the levy would increase the cost of goods
President Bola Tinubu President Bola Tinubu has directed that all Ministries, Departments, and Agencies (MDAs) must implement compulsory health insurance in line with the National Health Insurance Authority (NHIA) Act, 2022. This move is aimed at improving access to healthcare and ensuring Nigerians are better protected against health-related financial burdens. What
Julie Kozack, Director of the IMF’s Communications Department The International Monetary Fund (IMF) has urged the Federal Government of Nigeria to expedite the completion of its cash transfer programme to support vulnerable households. The IMF emphasized that this initiative is crucial in cushioning the effects of ongoing economic reforms on low-income Nigerians.
Doctors At Work The Vice Chancellor of Elizade University, Prof. Kayode Ijadunola, has urged both federal and state governments to create better working conditions for doctors and other health workers. His remarks came during the induction of 23 new professional nurses into the Nurses and Midwifery Council of Nigeria on Wednesday. He expressed concern about […]
In preparation for the Dangote Refinery’s scheduled petrol loading – ARDnig The Nigerian government is launching local petrol production through the Dangote Refinery, starting September 15, 2024. This move aims to reduce import dependency, stabilize the Naira, and provide a more reliable fuel supply, benefiting the economy and the citizens. The Start of Local
The Nigerian Customs Service (NCS) is facing a significant revenue loss due to new food import regulations. The forfeited revenue, estimated at ₦188.4 billion, is a result of stricter rules aimed at controlling the importation of certain food items into the country. New Food Import Rules Recently, the government has implemented new policies to reduce […]
The Founder/CEO of Innoson Vehicle Manufacturing, Mr. Innocent Chukwuma,with President Bola Ahmed Tinubu The Founder and CEO of Innoson Vehicle Manufacturing, Mr. Innocent Chukwuma, has announced plans to make transportation cheaper for Nigerians by introducing Compressed Natural Gas (CNG) powered buses. These buses are expected to hit the roads soon, offering a more