ABCON seeks BDCs digital autonomy for exchange rate convergence The Association of Bureaux De Change Operators of Nigeria (ABCON) has requested the Central Bank of Nigeria (CBN) to grant Bureaux De Change (BDCs) digital autonomy to achieve exchange rate convergence. In a report released on Monday, ABCON President, Dr.[Read More…]
Nigerian Importers To Start Clearing Goods From Cotonou Ports – Customs The Acting Comptroller-General of the Nigeria Customs Service (NCS), Mr. Adewale Adeniyi, explained that the details of the framework are being worked out. Nigerian importers who have plans of importing their goods through Cotonou Ports in Benin Republic[Read More…]
NACCIMA, S’Africa Partner To Boost Nation’s Industrial Drive The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, (NACCIMA) Dele Oye, has stated that they are partnering with South Africa to strengthen ties and harness the collective economic potential of Nigeria and South Africa[Read More…]
FAAN relocates international operations to new terminal at Lagos airport The Federal Airports Authority of Nigeria (FAAN) has redirected the processing of passengers through the new international terminal, at the Lagos airport effective immediately. According to a statement by the spokesperson, Mr Abdullahi Yakubu-Funtua, the expedited relocation to the[Read More…]
Interior Minister promises to clear all passport backlogs within two weeks The Minister of Interior, Olubunmi Tunji-Ojo, has said that all passport backlogs in Nigeria should be cleared within two weeks. Tunji-Ojo said that there is no excuse for passport delays in Nigeria and that the scarcity and delay[Read More…]
NACCIMA seeks Collaborative Opportunities For Innovation The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) is strengthening ties and harnessing the collective economic potential of Nigeria and South Africa to drive growth and prosperity in the countries and on the African continent. To this end, the[Read More…]
FG prepares to submit 2024 Budget in October The Ministry of Budget and Economic Planning, of the Federation has begun the preparation of the 2024 budget, which it plans to submit in October 2023. The Director-General, the Budget Office of the Federation, Dr. Ben Akabueze, said this yesterday at[Read More…]
Customs, NPA partners to Enhance Trade Facilitation The Acting Comptroller-General of Customs, Bashir Adewale Adeniyi has expressed commitment to enhance the output of designated export processing terminals. The Customs boss made this revelation in Abuja, when he received the Managing Director of Nigeria Ports Authority (NPA), Muhammad Bello Koko[Read More…]
PenCom gives deadline for employers to submit incomplete remittance documentation to PFAs The National Pension Commission (PenCom) has given employers with incomplete remittance documentations till December 31, 2023 to provide their Pension Fund Administrators (PFAs) requisite information to facilitate the crediting of pension contributions into the employees RSAs or[Read More…]
Tinubu sacks Onochie, others on NDDC board, management President Bola Tinubu has disbanded the board and management of the Niger Delta Development Commission (NDDC) led by Lauretta Onochie. This is coming less than a year after it was appointed. In its place, he has appointed a new board headed[Read More…]
