Business

NCS debunks rumour on auctioning of 7000 vehicles

By Matthew Denis, Abuja The Nigeria Customs Service (NCS) has restated that its electronic auction (e-auction) platform is functional and remains the only authentic means of auctioning goods to members of the public. This was contained in a statement signed…

SEC warns against unregistered crowdfunding platforms

The Securities and Exchange Commission (SEC) has warned investors on the illegality of unregistered investment crowdfunding platforms. The Commission stated this is a circular dated August 3, 2022, where it acknowledged the presence of unregistered crowdfunding platforms while also warning…

Smuggling: Customs intercepts 34,725 litres PMS

By Seun Ibiyemi The Federal Operations Unit Zone A of the Nigeria Customs Service (NCS) says it has intercepted 34,725 litres of smuggled petrol, 12 trailers of rice, among other contraband. The unit reported that it arrested nine suspects in…