Category: Business

First 2026 Victory: Customs – NDLEA Teamwork Nets 30.1kg Cocaine on Foreign Ship

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In a decisive blow to transnational narcotics networks, the Nigeria Customs Service (NCS) Apapa Area Command, in synergy with the National Drug Law Enforcement Agency (NDLEA) , have intercepted 30.1 kilograms of cocaine at the Lagos Apapa Port. This high-profile seizure underscores an intensified commitment to securing Nigeria’s port against illicit trade through seamless inter-agency intelligence sharing. On January 2, 2026, during a search of the MV Aruna at the Greenview Terminal, a significant quantity of illicit material was discovered. The material was professionally concealed within the vessel, reflecting the…

Adedeji: Nigeria Needs Five Years to Optimize New Tax Laws

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Nigeria Revenue Service Chairman Adedeji states new tax laws require a five-year stabilization period. This is concise and directly conveys the key information with a formal tone. NRS Chairman Zacch Adedeji confirmed on January 1, 2026, that the new tax framework is designed to harmonize Nigeria’s fiscal system. Speaking at a recent event, he explained that the reforms unify multiple taxes into a single, streamlined structure to improve efficiency. According to Adedeji, a core benefit of the unified framework is the reduction in taxpayer compliance burdens and the creation of…

FG Capacity for Infrastructure Finance Strengthened by New Tax Laws, Says Tinubu

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President Bola Ahmed Tinubu said the harmonised tax laws will strengthen the finances of the federal government’s to fund infrastructure and other National developmental programs. He made this known during his new year speech, Tinubu said 2026 marks a critical phase in implementing the country’s tax reforms, designed to build a fair, competitive, and robust fiscal foundation for Nigeria. Tinubu further emphasised that the reforms are not about raising taxes, but about creating a structural reset, driving harmonisation and strengthening the social contract. He announced that the new tax legislation,…

Mexico Train Tragedy: 13 Dead, Nearly 100 Injured in Oaxaca Derailment.

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At least 13 people were killed and 98 others injured after an Interoceanic Train derailed in southern Mexico on Sunday, authorities confirmed. The train, which was traveling through the state of Oaxaca with 250 people on board, jumped the tracks near the town of Nizanda, prompting a massive rescue operation by the Mexican Navy. The derailment occurred in Asunción Ixtaltepec, Oaxaca, on the train’s main line between Veracruz and Salina Cruz. According to CNN report, ” The navy said that 36 people required hospital care and the rest sustained minor…

Crude Oil Bunkering Crackdown: Tantita Security Intercepts MT Thor, Apprehends Suspects at Koko Port.

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In a decisive blow to maritime crime, Delta State authorities confirmed on Saturday, December 27, 2025, the seizure of a vessel and the arrest of four suspects. The operation marks a significant milestone in the ongoing crackdown on large-scale crude oil theft within the region. The MT Thor, allegedly laden with stolen crude, was intercepted by Tantita security. Four suspects found on board face a high-stakes investigation by the Inter-Agency Task Force into charges of economic sabotage. However, in a significant move against maritime crime, Tantita Security (TSSNL) formally handed…

From Blackout to Recovery: NISO Restores Gas Supply to Stabilize National Grid

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Nigeria’s power generation is rebounding after the Nigerian Gas Infrastructure Company (NGIC) completed critical repairs on the vandalized Escravos–Lagos pipeline. According to Nigerian Independent System Operator, NISO, the restored gas flow is already boosting output across several thermal power stations to stabilize the national grid. Friday, December 26, the Nigerian Independent System Operator (NISO) confirmed a boost in national power generation, attributing the recovery to stabilized gas supplies at key thermal plants following successful pipeline repairs. “This development is a positive step towards stabilising electricity supply and improving grid reliability…

Lagos Escapes Yuletide Tragedy: No Casualties in Ojuelegba 40ft Container Accident

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Traffic on the busy Ojuelegba Bridge in Lagos was halted on Wednesday, December 24, 2025, after a 40ft container truck overturned. The Lagos State Traffic Management Authority (LASTMA) confirmed the incident, stating that the loaded Mack truck fell while traveling inward toward the National Stadium in Surulere. According to LASTMA spokesperson Taofiq Adebayo, the fallen container completely blocked the bridge, forcing emergency responders to divert all vehicular movement from Fadeyi and Onipan through the Ojuelegba service lane to connect with Funsho Williams Avenue. Taofiq Adebayo, the Director of Public Affairs…

Diplomatic Clarity: China Distances Itself from Illegal Mining Activities

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The Federation of China Mining Federation of Nigeria has debunked reports alleging that Chinese mining companies are infiltrating Nigeria’s solid minerals sector and engaging in illegal activities, describing the claims as false and misleading, restating its commitment to Lawful Mining in Nigeria. This was contained in a statement issued by the Chinese Embassy in Nigeria on Tuesday, December 23, the federation said it had observed the recirculation of media reports alleging some Chinese nationals of illegal mining, seizure of critical mineral resources, environmental damage, and even fuelling terrorist activities in…

NDLEA Arrests Female Lagos Drug Kingpin; 23.5kg Cocaine Stashed in Kids’ Room

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……. Agency Intercepts Italy-Bound Opioids, Nabs Businessman and Beninoise National in Raids In its relentless mission to purge Nigeria of narcotics, the National Drug Law Enforcement Agency (NDLEA) has dealt a decisive blow to a persistent cocaine trafficking syndicate. Barely twenty months after the high-profile arrest of cartel leaders Bolanle Lookman Dauda and Olayinka Toheebat Dauda across Lagos and Ogun—resulting in multi-billion-naira seizures—operatives have apprehended another key figure who had been a fugitive since May 2024. Shodunke Yetunde Simbiat, a high-ranking member of the syndicate, was nabbed at her Lagos…

Championing the Blue Economy: Shippers’ Council Bolsters Cargo Security, Stakeholder Rights.

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… Operational Transparency: Police Call for Direct Reports on Maritime Irregularities The Executive Secretary/CEO of the Nigerian Shippers’ Council, Akutah Pius Ukeyima, Esq, MON, Ph.D, FCILT has vowed to uphold strict safety standards and protect the rights of port users within Nigeria’s transport value chain. Speaking in Lagos on Friday, December 19, at a session dedicated to resolving Stakeholders cargo clearance disputes, organized by the Port Economic Regulator (Shippers Council), the NSC Chief, reiterated that the Council remains the ‘guardian of the ports,’ dedicated to ensuring a seamless and equitable…