Customs Service Announces Reduction of Checkpoints Nationwide
The NSC also dissolves the Joint Border Patrol Team (JBPT) after due consultation with the Office of the National Security Adviser (ONSA). By Oluwakemi Kindness The Nigeria Customs Service (NCS) on Tuesday announce a reduction of it checkpoints across the country in a bid to streamline operations and ease the movement of goods and […]
FG Says Customs Contribution Crucial for Actualising 2025 ₦48 Trillion Budget
By Oluwakemi Kindness The Federal Government has commended the Nigeria Customs Service (NCS) for its pivotal role in boosting Nigeria’s economic recovery. The commendation is coming as the Federal Government sets a ₦48 trillion expenditure target for 2025. The Minister of Finance, Wale Edun, highlighted the NCS’s importance during the 61st quarterly board meeting of […]
NAICOM Hails Passage of New Insurance Bill by 10th Senate
By Oluwakemi Kindness The National Insurance Commission (NAICOM) has lauded the Senate following the passage of the new Insurance Consolidated Bill. NAICOM which said it warmly welcomes the passage noted that it is optimistic that the legislation will unlock the growth, prosperity, and potentials of the insurance sector. The commission in a statement said the […]
Nigeria Customs Service Highlights Innovations in Border Security for National Security
By Oluwakemi Kindness The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has once again brought global attention to the transformative role of NCS in safeguarding Nigeria’s borders. Speaking at the 18th Africa Security Watch Conference in Doha, Qatar, the CGC, represented by the National Public Relations Officer, Chief Superintendent of Customs Abdullahi Maiwada, […]
FG, States, LGCs Share N1.727trn For November 2024
By Oluwakemi Kindness The Federal Government, States and the Local Government Councils has shared a total sum of N 1.727 trillion, being November 2024. The revenue was shared at the December 2024 meeting of the Federation Accounts Allocation Committee (FAAC) held in Abuja. The N1.727 trillion revenue comprised statutory revenue of N455.354 billion, Value Added […]
CBN Reiterates Validity of Old Series of Naira Denominations
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) on Friday refuted misinformation regarding the validity of the old ₦1000, ₦500, and ₦200 banknotes currently in circulation. The apex Bank said in line with the it’s previous clarifications, it is reiterating that the subsisting Supreme Court ruling granted on November 29, 2023, permits the concurrent […]
Nigeria Customs Strengthens Partnership with IPMAN, NMDPRA to Combat Petroleum Smuggling
By Oluwakemi Kindness In the bid to address the illegal exportation of petroleum products from Nigeria, the Nigeria Customs Service (NCS), on Tuesday hosted the Independent Petroleum Marketers Association of Nigeria (IPMAN), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and Dangote Refineries at its Abuja headquarters. Comptroller-General of Customs, Adewale Adeniyi, was […]
PenCom Lifts Restriction On LPFAs Investing In Commercial Papers
By Oluwakemi Kindness The National Pension Commission (PenCom) has lifted restriction on Licensed Pension Fund Administrators (LPFAs) investing in commercial papers where capital market operators act as Issuing and Paying Agents (IPAs). PenCom announced the decision in a Circular issued on Tuesday and signed by the management of PenCom led by Omolola Oloworaran as Director-General. […]
Customs Boss Orders Subsidised Sale of Smuggled PMS to Yola Residents
By Oluwakemi Kindness The Comptroller-General of Customs, Adewale Adeniyi, has authorised the sale of the seized PMS to Yola residents in Adamawa State at a subsidised rate, with proceeds remitted to the Federation Account. The sales follows the recent seizure of petroleum products by operatives of Operation Whirlwind in the Adamawa-Taraba region. The total […]
Banks, Others Raised Over N2.7tn From Capital Market, Says SEC
By Oluwakemi Kindness The Securities and Exchange Commission on Monday, revealed that over two point seven trillion naira has been raised in the capital market by banks and other companies so far in 2024 The figure, which includes equity capital, excludes the amount raised by funds managers in the capital market. This is as the […]