BUSINESS
Customs Launches New Platform To Increase Trade
Determined to ensure trade facilitation, the Nigeria Customs Service, on Thursday, launched its Trade Release Study. Speaking during the launch in Ikeja, the Comptroller General of Customs, Adewale Adeniyi, said that the country joined other custom administrations in the world to embrace the tools developed by the World Customs Organisation. Addniyi said that the WCO remains steadfast in its commitment to...
Petrol Queues Disappearing This Weekend, Says Minister
The Minister of State (Oil) Petroleum Resources, Heineken Lokpobiri, says there is availability of petrol despite the scarcity and hike in the price of the product. He stated this on Thursday while briefing journalists at the Presidential Villa, Abuja after meeting with Vice President Kashim Shettima. “What is important is that products are available in the country,” he said. The minister also...
Tension As CBN Threatens To Shut Accounts Of Diaspora Remittance Violators
The Central Bank of Nigeria, CBN has vowed to withdraw the operating licences of operators who continue to violate rules regulating diaspora remittances into the country. It stated that it would not tolerate the clear contravention of its directive that all remittances be paid to beneficiaries in dollars. The CBN stated this on Friday in its circular to all authorised dealers...
$115 Million Infrastructure Loan Approved For Abia Was Facilitated By Ikpeazu — Spokesman
Onyebuchi Ememanka, Spokesman to the immediate past governor of Abia State, Okezie Ikpeazu has said the $115 million infrastructure loan approved by the Federal Executive Council (FEC) on Monday was facilitated by his principal. He said, of the total sum of One Hundred and Fifteen Million Dollars ( $115 Million), one Hundred Million Dollars is from the Africa Development Bank...
FG Fixes December 2024 Deadline For Completion Of Rehabilitation Work In Kaduna Refinery
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has revealed that the ongoing quick-fix project at the Kaduna Refinery and Petrochemicals Company Limited will be back on stream by the end of 2024. This was disclosed in a statement posted on the official X handle of the Nigerian National Petroleum Company Limited on Saturday. According to the statement, Lokpobiri...
ICAN To Train Officers Of Nigeria Police On Forensic Accounting
The Institute of Chartered Accountants of Nigeria (ICAN) has announced plans to commence forensic accounting training for police officers in the country. The ICAN’s President, Malam Tijani Musa, who disclosed this yesterday during the institute’s 2023 Faculties Induction Ceremony, said the training would further support the effective discharge of the officers’ public duties and responsibilities, as well as deepen ICAN’s...
Pensioners Threaten Naked Protest Over Escalating Prices Of Goods
The Nigeria Union of Pensioners says its members will take to the streets naked, if the welfare of pensioners in the country does not improve significantly any time soon. The National President of the union, Godwin Abumusi, told journalists at a news briefing in Abuja on Friday that his union will take the action to draw the attention of the...
Nigerians Will Pay Higher Electricity Tariffs – FG Assures IMF
Nigerians will pay much higher electricity tariff in 2021, going by promises made by the Federal Government, FG to the International Monetary Fund, IMF while seeking the $3.4bn emergency financial assistance recently approved for Nigeria. The Executive Board of the IMF approved the Rapid Financing Instrument, which the Federal Government plans to use to address the economic impact of the...
World Bank Sanctions Two Nigerian Firms, CEO Over Corruption
The World Bank Group has imposed a 30-month debarment on two Nigerian companies, Viva Atlantic Limited and Technology House Limited, as well as their Managing Director and CEO, Mr. Norman Didam, for engaging in fraudulent, collusive, and corrupt practices related to the National Social Safety Nets Project in Nigeria. In a statement issued on Monday, the World Bank disclosed that...
Tinubu Orders CBN To Stop Payment To MDA’s Till Further Notice
As part of the ongoing efforts at taking firm control of his Administration, President Bola Ahmed Tinubu has reportedly directed the Central Bank of Nigeria CBN to stop further payments to the Ministries, Departments, and Agencies, MDAs, of the Federal Government till further notice. A presidency told the Saturday Tribune in Abuja on Friday that the Presidential order was issued...
