Nigeria Customs, NESREA, Strengthen Collaboration on Environmental Protection

Nigeria Customs, NESREA, Strengthen Collaboration on Environmental Protection

Oluwakemi Kindness The Comptroller-General of Customs (CGC) Adewale Adeniyi has reaffirmed the Nigeria Customs Service’s (NCS) commitment to enhancing collaboration with the National Environmental Standards and Regulations Enforcement Agency (NESREA) to ensure environmental safety, trade efficiency and regulatory compliance. Adeniyi stated this during a courtesy visit by NESREA’s management team to the Customs Headquarters in Abuja. The NCS boss described inter-agency synergy as crucial to achieving national economic and security […]

February 6, 2025 6 4 3

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Economy

Nigeria Customs, Seizes 199,495 Litres of Smuggled Fuel

In line with the NCS Act, 2023, the seized petroleum products were auctioned to the residents at the rate of N630 per liter while those in 25 litres jerrycans were disposed at N10,000 each. Oluwakemi Kindness The Nigeria Customs Service has seize almost 200,000 litres of petroleum products in Adamawa State under Operation Whirlwind. This is as the NCS says the seized fuel has a Duty Paid Value (DPV) […]

January 30, 2025 10 3 3

Economy

NILDS LAUDS KWARA PROJECT, DESCRIBES AS UNPRECEDENTED

By Zainab Bakare The Director General of the National Institute for Legislative and Democratic Studies (NILDS), Professor Abubakar Olanrewaju Sulaiman, has described the recently inaugurated Kwara State Legacy Projects as unprecedented. In a statement issued on Wednesday by his Media Adviser, Mohammad Abdulkadri, Professor Sulaiman congratulates the Kwara State Governor, AbdulRahman AbdulRazak, CON, for the successful execution of the projects under the Renewed Hope Initiative. He commended the state […]

January 29, 2025 5

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Economy

Introduce Deposit Insurance module into curriculum, NDIC Tells ICAN

Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has called for the introduction of Deposit Insurance module into the curriculum of the Institute of Chartered Accountants of Nigeria (ICAN), examinations. This is according to the Managing Director and Chief Executive Officer of NDIC, Bello Hassan, who says this initiative is essential to enhance understanding of the Deposit Insurance Scheme among ICAN members, who represent a significant portion of potential bankers […]

January 27, 2025 11 17 3

Economy

FAAC Shares N1.424trn For Three Tiers Of Government

By Oluwakemi Kindness The Federation Account Allocation Committee FAAC as shared the total sum of N1.424 trillion, being December revenue to the Federal Government, States and the Local Government Councils. The sharing took place on Friday in Abuja at the January 2025 FAAC meeting. The N1.424 trillion comprises distributable statutory revenue of N386.124 billion, distributable Value Added Tax (VAT) revenue of N604.872 billion, Electronic Money Transfer Levy (EMTL) revenue of […]

January 17, 2025 6

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Economy

CBN Launches DocFlow, MDA Naira Payment Solutions

….aims to improve turnaround time, reduce costs By Oluwakemi Kindness Central Bank of Nigeria (CBN), has launch two transformative initiatives, the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution. The launched by the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, at the CBN Head Office Abuja, is a continuation of the Bank’s digital revolution project tagged “Digital First” which was […]

January 16, 2025 15 5 2

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Economy

REA to Prioritise Solar Energy for Public Institutions in 2025

By Oluwakemi Kindness The Rural Electrification Agency says it will prioritise the provision of solar-powered energy to public institutions across the country in its agenda in the 2025 fiscal year. Managing Director of the agency, Abba Aliyu stated this on Wednesday shortly after presenting the REA’s 2024 budget performance and projections of the 2025 Appropriation Bill. Aliyu told the House of Representatives committee on Rural Electrification Agency, chaired by Representative […]

January 16, 2025 8 6 2

Economy

FCT MINISTER’S INSURANCE OF CERTIFICATES OF OCCUPANCY SEEN AS ECONOMIC EMPOWERMENT- MEDIA AIDE

By Zainab Bakare The Minister of the Federal Capital Territory (FCT), Barrister Ezenwo Nyesom Wike, has taken significant steps not only to enhance infrastructural development but also to economically empower Nigerians, according to his Senior Special Assistant on Public Communication and New Media, Mr. Lere Olayinka. Speaking during a news briefing in his office on Wednesday, January 15, 2025, Mr. Olayinka highlighted the issuance of over 5,000 Certificates of […]

January 16, 2025 7

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Economy

NNPCL Remits N10tn to Federation Account in 2024 – Kyari

By Oluwakemi Kindness The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday revealed that it remitted N10 trillion to the Federation Account as of September 2024. The Group Chief Executive Officer of NNPCL, Mele Kyari, who stated this, said this is alongside N3.5 trillion in dividends after taxes and revenue for the 2024 fiscal year. Kyari made the disclosure during a budget defense session before the Joint Finance Committee of […]

January 16, 2025 10 2