Nigeria Adopts Risk-Based Cargo Inspection
By Oluwakemi Kindness The Nigeria Customs Service (NCS), in collaboration with the Presidential Enabling Business Environment Council (PEBEC), is shifting to a risk-based cargo inspection system aimed at reducing delays and lowering the cost of doing business at the nation’s ports. The move, unveiled at a three-day operational workshop in Apapa on Tuesday, marks a […]
Tinubu Approves ₦3.3tn Plan to Clear Power Sector Debts
By Chinedu Echianu In an apparent response to cries from Nigerians on the deteriorating state of electricity supply across the country, President Bola Tinubu has approved a ₦3.3 trillion payment plan aimed at settling long-standing debts in Nigeria’s power sector. Recall that electricity generation companies had raised the alarm over increasing debts owed them and […]
NCS Reaffirms Commitment to AfCFTA, Trains Stakeholders on Rules of Origin
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has reaffirmed its commitment to the effective implementation of the African Continental Free Trade Area (AfCFTA). The reaffirmatuon was made at the commencement of a three-day capacity-building programme on Rules of Origin. The training, aims to equip stakeholders with the technical knowledge needed to enhance Nigeria’s participation […]
Lagos Approves Full Implementation of NSITF’s Employee Compensation Scheme
By Chinedu Echianu Lagos State has approved the full implementation of the Employees’ Compensation Scheme (ECS), a major step aimed at strengthening workplace protection and welfare for public sector workers. The scheme, managed by the Nigeria Social Insurance Trust Fund (NSITF), provides financial support to employees or their families in cases of workplace injury, disability, […]
Reps Probe Port Concessionaires Over Value for Money, Transparency
By Oluwakemi Kindness The House of Representatives has begun a comprehensive probe into port concessionaires, raising concerns over whether the policy has delivered value for money nearly two decades after it was introduced. The investigation focuses on air and seaport terminal operators under the concession regime launched in 2006 to improve efficiency, attract private investment, […]
Stakeholders Emphasize Importance of Restoring Public Trust in Governance
By Chinedu Echianu Managing Director, Nigeria Social Insurance Trust Fund (NSITF), Barrister Oluwaseun Faleye, has emphasized that strengthening institutional trust is critical to building public confidence and achieving effective governance in Nigeria. Faleye stated this on Monday while speaking at the 2026 Law Week of the Nigerian Bar Association (NBA), Gwagwalada Branch, held in […]
NIQS Renames Abuja Headquarters, Honours Ajanlekoko
By Julian Osamoto The Nigerian Institute of Quantity Surveyors (NIQS) has renamed its Abuja headquarters in honour of its former president, QS Segun Ajanlekoko. According to the institute the move reflects renewed commitment to professional excellence, mentorship, and stronger institutional standards. Speaking to journalists during the ceremony, NIQS President, Dr. Aminu Bashir, said the decision […]
PENGASSAN Faults Tinubu’s Executive Order
By Chinedu Echianu The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has criticized President Bola Tinubu’s executive Order No. 9 saying parts of the order could undermine stability in Nigeria’s oil and gas industry and threaten jobs. President Tinubu’s order, which reportedly redirects 30 per cent of profit oil previously retained by […]
CBN Cuts Interest Rate to 26.50 Percent
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points, bringing it down to 26.50 percent from 27 percent. The decision was announced on Tuesday during the 304th Monetary Policy Committee (MPC) meeting held in Abuja. CBN Governor Olayemi Cardoso said the committee reached the […]
₦1.5 Trillion Lost: FG Moves to Curb Ponzi Scheme Epidemic
By Al- Kadriyar Abdullahi With Nigerians losing about ₦1.5 trillion in one year to fraudulent investment schemes, the Federal Government has stepped up efforts to curb the spread of Ponzi operations by strengthening public awareness and investor education nationwide. In response, the National Orientation Agency (NOA) and the Securities and Exchange Commission (SEC) have inaugurated […]