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OLD BANKNOTES REMAINS LEGAL TENDER, SAYS CBN

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Every banknote remains legal tender and should not be rejected by anyone, the Central Bank of Nigeria has disclosed. This is as the apex...
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Business

BUSINESS:NDIC PAYS N1.393 billion TO DEPOSITORS OF 110 CLOSED BANKS.

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Nigeria Deposit Insurance Corporation (NDIC) on Thursday said it has paid the cumulative insured sum of one point three- nine - three billion naira...
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Business

CUSTOMS INAUGURATES COMMITTEE TO EASE PORT CONGESTION IN NIGERIA

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  In an endeavor to expedite the decongestion of overcrowded ports burdened with an excess of overtime cargo, the Comptroller-General of Customs, Bashir Adewale Adeniyi...
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Business

NNPC/AITEO JOINT VENTURE LAUNCHES NEMBE CRUDE OIL GRADE

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The Nigerian National Petroleum Company (NNPC) Ltd has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international...
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Business

NIGERIA CUSTOMS RECOMMENDS COLLABORATION WITH MARITIME INDUSTRY TO UNLOCK AFCFTA POTENTIAL

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The Nigeria Customs Service has recommended collaboration between the service and the maritime industry to unlock the immense potential of the African Continental Free...
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Business

FINANCIAL SYSTEM STABILITY: NDIC LAUDS JUDICIARY ON BETTER UNDERSTANDING OF DEPOSIT INSURANCE PRACTICE

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The Nigeria Deposit Insurance Corporation (NDIC) has commended the judiciary on its better understanding of the deposit insurance practice towards promoting stability of the...
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Business

BREAKING: PRESIDENT TINUBU CONFIRMED ADEWALE ADENIYI AS COMPTROLLER-GENERAL OF THE NIGERIA CUSTOMS SERVICE

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President Bola Ahmed Tinubu, GCFR, has approved the confirmation of the appointment of Adewale Adeniyi (MFR) as the Comptroller-General of the Nigeria Customs Service. This...
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Business

NATIONAL INSURANCE CONFERENCE: NAICOM EXTENDS HANDS OF COLLABORATION TO HOUSING IN THE AREA OF COMPLIANCE WITH THE LAWS ON PUBLIC BUILDINGS

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    As part of the National Insurance Commission’s drive to ensure optimal participation in the 2023 National Insurance Conference, the Commissioner for Insurance, Olorundare Sunday...
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Business

INTER-AGENCY PARTNERSHIP: ACTING CUSTOMS CG RECEIVES PRESIDENTIAL AMNESTY PROGRAMME’S LEADERSHIP, ASSURES STRONG COLLABORATION

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  In his continuous effort to enhance trade in Nigeria through the implementation of new policies that will consolidate the country's economy, the Acting Comptroller-General...
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Business

NCS CONDUCTS NATIONWIDE PROMOTION EXAMS TO ENHANCE TRANSPARENCY

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In a bid to promote transparency and career growth, Nigeria Customs has conducted promotional examinations nationwide for officers and men of the service. The examination,...
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Business

IMPORT RESTRICTION: CBN LIFTS BAN ON 43 ITEMS

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The Central Bank of Nigeria has lifted the ban placed on importation of restricted 43 items and now allows the importers to purchase foreign...
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Business

FINANCIAL SECTOR: NDIC BOSS URGES ICAN TO INTEGRATE DEPOSIT INSURANCE SYSTEM COURSES

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The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has called on the Institute of Chartered Accountants of Nigeria...
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INVESTORS SHOW INTEREST IN TOLLING TINUBU’S LEGACY ROAD PROJECTS — UMAHI

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  The Federal Government has signed agreements for eight major road projects across the country as part of President Bola Ahmed Tinubu’s infrastructure renewal agenda. Speaking...
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FG SIGNS MAJOR ROAD CONTRACTS TO BOOST CONNECTIVITY, ECONOMIC GROWTH — UMAHI

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  The Federal Government, through the Federal Ministry of Works, has signed contract agreements with four construction firms for major road projects across the country...
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NEPZA BOSS RE-ELECTED TO WFZO BOARD IN PANAMA

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    Nigeria’s rising profile in the global Special Economic Zones ecosystem has received another major boost as the Managing Director of the Nigeria Export Processing...
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NEITI ILLEGAL MINING: AGENCY WARNS ILLICIT FLOWS THREATEN MINING SECTOR GROWTH

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By Kikelomo Okere The Nigeria Extractive Industries Transparency Initiative, NEITI, has raised fresh concerns over rising illicit financial flows in Nigeria’s solid minerals sector, warning...
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