Business

Trade facilitation: Customs unveils digital baggage import declaration

Trade facilitation: Customs unveils digital baggage import declaration

The Nigeria Customs Service, NCS has announced the deployment of a Simplified Baggage Import Declaration System at the Seme Area Command. This marks a new phase in its drive for digital innovation, trade facilitation, and improved passenger clearance processes. The initiative is designed to streamline baggage declaration, reduce clearance time, and enhance transparency for legitimate […]
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How Standard Chartered escaped the global financial crisis — CEO

How Standard Chartered escaped the global financial crisis — CEO

Focus on markets and products with familiar risk parameters, concentration on core banking businesses and focus on basics of banking helped Standard Chartered Bank to escape the negative impact of the global financial crisis, says the bank’s Chief Executive Officer.

Bank bailouts cost £950 a household

Bank bailouts cost £950 a household

UK Financial Investments Limited (UKFI), which manages public stakes in two banks, said every household had more than £3,000 invested in Lloyds and RBS shares.

CBN  examination report   indicts DFIs, PMIs  and MFBs

CBN examination report indicts DFIs, PMIs and MFBs

The examination report of the Central Bank of Nigeria (CBN) has indicted the management of Development Finance Institutions (DFIs), Primary Mortgage Institutions (PMIs), Microfinance Banks (MFBs) and Finance Houses of poor/deteriorating asset quality, weak corporate governance and lack of focus.

FG should support indigenous firms financially-Iwueze

FG should support indigenous firms financially-Iwueze

Sir Enoch Iwueze, chief executive officer, Air Sea Freighters Limited speaks on importance of participation in training programmes by indigenous operators in the Nigerian oil and gas industry. He spoke with Vanguard’s Yemie Adeoye during the Offshore Technology Conference, OTC in Houston, Texas, USA, recently.
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