Customs to Forfeit ₦188.4 Billion Revenue Due to Food Import Regulations 

Adetutu A, The Insights 13 August 2024

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

Innoson Promises Affordable CNG Buses Soon, Urges Patience with Tinubu’s Administration 

Adetutu A, The Insights 9 August 2024

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

Economy Blackout: National Grid Collapse and Oil Theft Impact in Nigeria 

Adetutu A, The Insights 6 August 2024

National Power Grid-ARDNig Parts of Nigeria are experiencing an economy blackout due to the collapse of the national grid. This is not the first time the grid has failed, causing widespread power outages across the country. The repeated failures of the national grid have serious consequences for businesses, households, and the economy.  Impact on Businesses […]

New Minimum Wage Agreement: FG Reportedly Agrees on ₦70,000 

Adetutu A, The Insights 19 July 2024

In a significant move for Nigerian workers, the Federal Government (FG) has reportedly agreed to a new minimum wage of ₦70,000. This decision aims to improve the living standards of workers across the country and address the rising cost of living.  Background  The push for a higher minimum wage has been a hot topic in […]

Nigerian Government, Led by President Bola Tinubu, Announces Big Plans to Tackle Food Inflation and Help Local Farmers by Removing Tariffs on Rice Importation and Importing 500,000 Metric Tonnes of Maize and Wheat.

Adetutu A, The Insights 9 July 2024

President Bola Tinubu – ARDnig The Nigerian government, led by President Bola Tinubu, has introduced measures to combat rising food prices. These actions include a 150-day duty-free import window for essential food commodities, setting recommended retail prices, and importing wheat and maize. The plan also involves supporting local processors, engaging youth and