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 […]
CBN orders banks to secure approval for MD/CEOs’ successors six months before exit
The CBN mandated that banks must publicly disclose the appointment of successor MD/CEOs at least three months before the outgoing chief vacates office.
MAN commends FG for suspending 4% FOB levy by Customs
By Yinka Kolawole The Manufacturers Association of Nigeria (MAN) has commended the Federal Government over the suspension of the 4% Free-on-Board charge on imports recently reintroduced by the Nigeria Customs Service (NCS), which came into effect on August 4, 2025. In a statement yesterday, Director General of MAN, Segun Ajayi-Kadir, said the move comes as a […]
Lokpobiri seeks regional energy integration to tackle $120bn import bill
By Obas Esiedesa, Abuja The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri has called for a deeper regional integration to tackle the $120 billion energy import bill faced by African countries annually. Lokpobiri, who made the call at the Africa Oil Week (AOW) 2025 Ministerial and CEO Leadership Forum in Accra, Ghana, stressed […]
CBN committed to financial inclusiveness, stimulate productivity — Cardoso
By Bashir Bello The Central Bank of Nigeria, CBN has reiterated ist unwavering commitment to financial inclusiveness and stimulate productivity towards sustainable economic growth and development of Nigeria. The CBN Governor, Olayemi Cardoso made this known during a fair it organized in Kano to sensitize the public on policies introduced by the bank to enhance their […]
Private depots deserted as Dangote Refinery begins direct fuel supplies
By Udeme Akpan, Energy Editor Private depots in Lagos and environs were deserted, yesterday, as the Dangote Petroleum Refinery rolls out its direct petrol supplies. Checks by Vanguard indicated that private depots were deserted because the operators expected to benefit from the direct supplies. A source that pleaded to be anonymous, said: “The Dangote Petroleum Refinery […]
