Importers Get Relief as Government Suspends 4% FOB Levy

Traders and importers in Nigeria have reason to smile: the controversial 4% Free-on-Board levy on imported goods has been put on hold.

The government announced the suspension after strong backlash from businesses, many of whom warned that the levy would worsen inflation and cripple small traders.

Authorities now plan to review the levy system. For consumers, this may mean temporary relief from price hikes in the markets.

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Nigeria Takes the Driver’s Seat in Africa’s Oil Regulation Push

Nigeria isn’t just pumping oil—it’s leading the charge to reshape how Africa regulates petroleum. Sixteen countries have joined forces under a new body called AFRIPERF, aiming to harmonize oil regulations across the continent. If successful, this could mean fewer policy clashes, stronger investor confidence, and perhaps more stability in global oil pricing. Nigeria’s leadership here shows how energy politics remain at the center of Africa’s future.

U.S. provides $32.5 million in aid amid Nigeria’s hunger crisis

The United States has approved $32.5 million in humanitarian assistance to help Nigeria address acute food insecurity in conflict-affected areas. • The aid will cover over 764,000 internally displaced persons, including pregnant and breastfeeding women and many children. • The situation has been described as “unprecedented” in terms of urgency by the World Food Program.

The world of sports never sleeps, and this week has already delivered its share of upsets, victories, and game-changing moments

⚽ Football (Soccer) European leagues are back in full swing, and several underdog teams are giving the big names a run for their money. Fans were stunned when [insert lesser-known team] defeated [insert top-tier team], marking one of the biggest surprises of the early season. Meanwhile, transfers and injury updates are keeping managers and fans on edge. With the [Champions League / local league] heating up, all eyes are on the next round of fixtures. 🏀 Basketball As preseason buzz builds in the NBA, rising stars are already making waves during training camps. There’s talk of breakout performances from rookies and international players looking to make their mark. In global basketball news, FIBA competitions are spotlighting teams from outside the usual powerhouses. The gap between teams is closing — fast. 🎾 Tennis The recent Grand Slam wrapped up with unexpected results, as [insert player] shocked fans by taking out [insert top seed]. Injuries continue to affect the top 10, op...

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