By Matthew Denis The Group Chairman of Odu’a Investment, Otumba Bimbo Ashiru has tasked the Ekiti state House of Assembly to enact laws that will transform the bad situation of the economy to the best. He made the disclosure during…
By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency (NIMASA) said it contributed N199.42 billion into the Consolidated Revenue Fund of the federal government in the last six years. Director General of NIMASA, Dr. Bashir Jamoh, who disclosed this…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE), has urged the Central Bank of Nigeria (CBN) to peg the customs duty exchange rate at N1000 per dollar for the rest of the year. Its Founder, Dr…
The Central Bank of Nigeria (CBN), has reviewed the formula for fixing foreign exchange rates for Customs duty on importation. Dr Hassan Mahmud, the Director, Trade and Exchange Department of the CBN said this in a memo addressed to the…
The Central Bank of Nigeria (CBN) has issued a draft of revised Regulatory and Supervisory Guidelines for all Bureau de Change (BDC) Operators and stakeholders in the financial services industry. The guidelines which seeks to enhance the regulatory framework for…
The Association of Bureau De Change Operators of Nigeria (ABCON) has cautioned its members on the need to abide by extant laws establishing them. ABCON President, Alhaji Aminu Gwadabe, in a statement on Friday, warned licensed operators against regulatory infringements…
By Seun Ibiyemi The Nigeria Customs Service (NCS) will, on Friday, start the distribution of forfeited food items to Nigerians. It was gathered that the foreign rice would be sold at N10,000 per 25kg of rice to vulnerable Nigerians. However,…
By Seun Ibiyemi The Honourable Minister of Marine and Blue Economy on Thursday revealed that the $800 million needed for rehabilitation of the nation’s ports is almost ready. Speaking during his commissioning of seven patrol boats by the Nigerian Ports…
The Senate on Thursday confirmed the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, as the Chairman of the Monetary Policy Committee (MPC) of the apex bank. The upper legislative chamber also confirmed the appointment of four…
The Corporate Affairs Commission has unveiled a reward policy for staff in order to enhance productivity and further entrench discipline in the system. The Registrar General/CEO of the Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, SAN, stated this while unveiling…
