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 […]
Sigma Pensions donate to Kaduna eye centre
SIGMA Pensions Limited, one of the pension administrators in the country has donated drugs and medical equipment to the National Eye Centre, Kaduna.
Nigeria lost over $400bn to capital flight before Content Act
THE Chairman, Petroleum Technology Association of Nigeria, Bank-Anthony Okoroafor, has said that Nigeria lost more than $400 billion to capital flight before the introduction of the nation’s Local Content Act of 2010.
FRC Rule 2(c): Court sets aside qualification of audit committee chairman
A FEDERAL high court sitting in Lagos has overruled Financial Reporting Council, FRC, Rule 2(c) that only qualified accountants can be a chairman of the audit committee of a Public Liability Company, Plc.
Stockbrokers, investors’ apathy grounds Direct Cash Settlement
BARELY two years after it was introduced by the Securities and Exchange Commission, SEC, and Nigerian Stock Exchange, NSE, the implementation of the Direct Cash Settlement (DCS) initiative has been grounded by increasing apathy from stockbrokers and investors.
PenCom directive triggers slowdown in voluntary pension contribution
FOLLOWING the recent directive of the National Pension Commission, PenCom, which limits access to such contribution after retirement, employees making voluntary contributions into their Retirement Savings Account (RSA) has stopped such contribution.
