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 […]
Senate Confirms Omolola Oloworaran as DG PenCom
By Oluwakemi Kindness The Senate has confirmed the appointment of Ms Omolola Oloworaran as the Director General of the National Pension Commission (PENCOM). The confirmation on Thursday followed the consideration and adoption of the Report of the Senate Committee on Establishment and Public Service at plenary. It would be recalled that President Bola Ahmed Tinubu […]
NNPCL Refutes Claims of Selling Adulterated Products
By Oluwakemi Kindness The Nigerian National Petroleum Company Limited (NNPC Ltd) on Thursday insisted that it does not deal with adulterated petrol. This is as the NNPCL discredited a video clip of someone pouring a dark liquid which he claims to be Premium Motor Spirit (PMS) purportedly bought from an NNPC Retail outlet at […]
Kogi State Government Set to Establish Special Economic Zone
By Chinedu Echianu The Kogi State Government says it has commenced processes leading to the establishment of a special economic zone with the status of a free trade zone to be located in the Ajaokuta economic development corridor in the state. According to a statement by Ismaila Isah, Special Adviser on Media to the Kogi […]