Nigeria Customs Seizes Container of Donkey Genitals
By Oluwakemi Kindness The Nigeria Customs Service has intercepted a 40-foot container filled with over 10,600 donkey genitals, in what officials describe as one of the country’s most significant wildlife trafficking seizures to date. The container was incepted along the Kaduna–Abuja Expressway on 5 June following intelligence-led surveillance by officers from the Customs Intelligence Unit […]
Senate Decries Power Sector Inequity, Seeks Overhaul of Distribution Model
By Aremu Toyeebaht The Senate has called on the Federal Government to rethink its approach to the power sector by ending the indirect enrichment of private electricity distribution companies with public funds. The Chairman, Senate Committee on the Environment, Senator Yunus Akintunde (APC – Oyo Central) said this at the plenary on Thursday. Speaking on […]
Tinubu Support Group Disputes IMF’s Nigeria Growth Forecast
By Oluwakemi Kindness The Tinubu Media Support Group (TMSG) has expressed concern over what it describes as the International Monetary Fund’s (IMF) underestimation of Nigeria’s economic capacity and potential. Speaking in a statement issued on Wednesday in Abuja, and jointly signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, the group argued that the […]
Customs Seizes ₦653.9m Undeclared Cash at Kano Airport
By Oluwakemi Kindness In a major crackdown on illicit financial flows, the Nigeria Customs Service (NCS), Kano/Jigawa Area Command, has intercepted over ₦653.9 million worth of undeclared foreign currency at the Mallam Aminu Kano International Airport (MAKIA). The bust, made during a clearance operation on Monday, 8 July 2025, led to the arrest of three […]
Nigeria, Netherlands Begin Tax Treaty Renegotiation
By Oluwakemi Kindness The Federal Government of Nigeria has officially opened talks with the Kingdom of the Netherlands to renegotiate their Double Taxation Agreement (DTA). This marks the first international tax treaty review since the enactment of sweeping tax reforms signed into law by President Bola Tinubu on June 26, 2025. The milestone event, held […]
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 […]