Customs Hosts High-Level Forum for Government-Owned Companies

Customs Hosts High-Level Forum for Government-Owned Companies

Oluwakemi Kindness The Nigeria Customs Service (NCS), has underscored the significance of corporate governance, financial autonomy, and operational efficiency in managing government-owned enterprises, particularly those under military and paramilitary organisations. Comptroller-General of Customs (CGC), Adewale Adeniyi, stated this when the NCS hosted a high-level roundtable discussion for key stakeholders from the military, paramilitary, and financial sectors on operational best practices for government-owned companies at its Headquarters in Maitama Abuja. In […]

February 10, 2025 12 5 3

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Economy

NAICOM, NEMSA Partners On Electrical Safety, Insurance Compliance

Oluwakemi Kindness The National Insurance Commission and the Nigerian Electricity Management Services Agency have entered into a historic partnership, signing a Memorandum of Understanding on electrical safety and enhancing insurance compliance. This collaborative effort aims to establish a framework for mutual understanding and cooperation in achieving their regulatory obligations, prioritizing the safety of lives and property in relation to electrical incidents. At the signing ceremony at the NAICOM Headquarters, the […]

February 10, 2025 15 8 3

Economy

Occupational Safety: Labour Ministry Inspects Lagos Factories

By Chinedu Echianu The Ministry of Labour and Employment has conducted an inspection of factories of leading companies in Lagos State, as part of the commitment of the Federal Government to enforcing compliance with occupational safety and health (OSH) standards and labour laws. During the two-day exercise, the inspection team, led by the Minister of State for Labour and Employment, Nkeiruka Onyejeocha, visited the factories of Cadbury Plc, Nestle […]

February 8, 2025 12

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Economy

NAICOM Recommits To Prompt Payment of Insurance Claims

Partners FRSC on 3rd Party Vehicle Insurance Oluwakemi Kindness The National Insurance Commission (NAICOM) on Thursday urged Nigerians to be more positive on the benefits of insurance in the country. This is as the Commission reiterated it's committment to ensuring that Insurance policyholders get their claims payment as at when due. The Commissioner for Insurance, Olusegun Omosehin, stated this in Abuja on Thursday when led his management team on a […]

February 6, 2025 18 4 5

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Economy

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 13 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 15 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 7

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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 15 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 […]

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