Customs Cracks Down on Cash Smuggling Through Airlines
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has launched a direct sensitisation campaign targeting international airline operators, urging stricter enforcement of currency declaration rules. The exercise which is a renewed effort to curb illicit financial flows and tighten Nigeria’s border controls, held in collaboration with other law enforcement agencies, and airline representatives at the Nnamdi […]
Judiciary Key to Investor Confidence, Market Reform – Shettima
By Oluwakemi Kindness Vice President Kashim Shettima has called on the Nigerian judiciary to play a more decisive role in boosting investor confidence and accelerating economic reforms by ensuring timely resolution of capital market disputes. Speaking at the SEC Judges’ Workshop in Abuja on Monday where he was represented by his adviser Tope Fasua, Shettima […]
CBN Clarifies NRBVN Charges for Nigerians in Diaspora
By Oluwakemi Kindness CBN says BVN registration remains free for Nigerians at home, clarifies $50 fee applies only to diaspora enrolment via the NRBVN platform. The Central Bank of Nigeria (CBN) has clarified that the Bank Verification Number (BVN) registration remains free for Nigerians residing in the country, dismissing rumours of new or hidden charges. […]
Jaiz Bank Reports N23.48bn Profit in 2024
By Oluwakemi Kindness Nigeria’s pioneer non-interest bank, Jaiz Bank Plc, has reported a profit after tax (PAT) of N23.48 billion for the full year ended December 31, 2024—representing a 108.99% increase from the N11.05 billion declared in 2023. The bank disclosed this in its audited financial results, noting a strong performance across key financial and […]
Reps Unveil Nutrition Summit to Tackle Food Crisis
By Oluwakemi Kindness The House of Representatives on Thursday announced a National Summit on Nutrition and Food Security aimed at finding lasting solutions to malnutrition and widespread food insecurity. The summit, themed “Curbing Malnutrition and Food Insecurity Through Effective Synergies,” is being positioned as a major step toward coordinated national action on nutrition and sustainable […]
NAICOM Grants Two New Licenses, Seeks Better Corporate Governance
By Oluwakemi Kindness The National Insurance Commission (NAICOM) has handed over new licenses to SanlamAllianz Life and General Insurance Nigeria Ltd. Commissioner for Insurance, Olusegun Ayo Omosehin, emphasized the Commission’s commitment to supporting the growth of insurance entities in the country, while ensuring strict compliance with regulatory requirements. According to a statement in Abuja on […]
IMF Projects 3.4% GDP Growth for Nigeria in 2025 Amid Reforms
By Oluwakemi Kindness The International Monetary Fund (IMF) has projected that Nigeria’s real Gross Domestic Product (GDP) will grow by 3.4% in 2025, driven by higher oil production, the launch of a new domestic refinery, and a robust services sector. This outlook is according to the IMF’s 2025 Article IV Consultation report, following the conclusion […]
Cameroonian George Elombi Named President of Afreximbank
By Oluwakemi Kindness Dr. George Elombi of Cameroon has been appointed President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), becoming the fourth person to hold the position since the Bank’s establishment. His appointment was ratified by shareholders during the 32nd Annual Afreximbank Meetings and associated events held in Abuja, […]
Adeniyi Takes Over as Chair of World Customs Organisation Council
By Oluwakemi Kindness The Comptroller-General of Nigeria’s Customs, CGC Adewale Adeniyi has been unanimously elected as Chairperson, World Customs Organisation (WCO) Council. His appointment into the highest decision-making body in global customs administration comes exactly two years after his historic appointment as the Comptroller-General of Customs by President Bol Tinubu The election was held during […]
Tinubu Hails PAPSS as Key to Africa’s Financial Independence
Honours Afreximbank’s Oramah with GCON at Annual Meeting in Abuja By Oluwakemi Kindness President Bola Tinubu has thrown his weight behind the Pan-African Payment and Settlement System (PAPSS), urging all African nations to adopt the platform to reduce dependence on foreign currencies and accelerate intra-African trade. He stated this on Friday at the 32nd […]