Business Pointer Admin

Customs reopens recruitment complaints for 397 rejected applicants, warns of prosecution

By Seun Ibiyemi The Nigeria Customs Service (NCS) has opened a fresh window for complaints from applicants disqualified during its recent recruitment screening, following concerns raised by candidates who were shortlisted but later prevented from proceeding to the training college. The Service said 397 applicants were flagged during the screening exercise over issues relating to…

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NAFDAC destroys N2.6bn fake products, uncovers N500m counterfeit alcohol factory

By Seun Ibiyemi The National Agency for Food and Drug Administration and Control (NAFDAC) has destroyed seized fake, substandard and unwholesome products valued at ₦2.6 billion in Rivers State and uncovered a suspected counterfeit alcoholic drinks production facility worth over ₦500 million in Aba, Abia State. The twin operations form part of the agency’s intensified…

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REA Boss opposes proposed renewable energy authority, warns of regulatory overlap

By Seun Ibiyemi The Managing Director and Chief Executive Officer of the Rural Electrification Agency (REA), Dr Abba Aliyu, has cautioned against the proposed establishment of a National Authority for Renewable Energy (NARE), warning that the move could create regulatory overlaps, increase investment risks and slow Nigeria’s electricity access drive. Aliyu, in an article examining…

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FG approves ₦4.04bn for 600 former Nigeria Airways workers

By David Oluwatosin The Federal Government has approved an additional ₦4.04 billion for the payment of outstanding severance benefits to 600 former employees of the liquidated Nigeria Airways Limited. The latest disbursement, covering batches 010 and 011, is part of the government’s ongoing effort to settle outstanding entitlements owed to former workers of the defunct…

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JAMB warns universities against issuing admission letters

By David Oluwatosin The Joint Admissions and Matriculation Board (JAMB) has warned universities and other tertiary institutions against issuing admission letters directly to candidates, insisting that the board remains the sole authority responsible for issuing official admission documents. The JAMB Registrar, Prof. Segun Aina, gave the warning when he received a delegation from Veritas University,…

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Tinubu rejects subsidy U-turn, says Nigeria cannot afford return to old regime

By Seun Ibiyemi President Bola Tinubu has ruled out reinstating petrol subsidy, insisting that Nigeria lacks the financial capacity to return to the policy as his administration faces mounting pressure over rising fuel prices and the cost of living. Tinubu stated this on Monday while addressing members of the City Boy Movement, arguing that reversing…

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AUST’s CePAPS to induct Dakuku Peterside, seven others as senior fellows

By Seun Ibiyemi The Centre for Pan-African and Peace Studies (CePAPS) at the African University of Science and Technology (AUST), Abuja, is set to induct eight distinguished professionals as Senior Fellows on October 26, 2026, in a move aimed at strengthening Pan-African scholarship, policy engagement and sustainable development across the continent. The induction ceremony, scheduled…

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FG disputes World Bank’s debt assessment, defends ₦7.7trn interest payments

The Federal Government has challenged the World Bank’s assessment of Nigeria’s debt position, describing concerns that interest payments exceeded government revenue in the first half of 2026 as misleading and arguing that the calculation failed to capture the full picture of the country’s fiscal position. The Federal Ministry of Finance said the reported interest payments…

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Customs intercepts ₦511.4m illicit drugs, Codeine Syrup on Lagos highways

By Seun Ibiyemi The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone A, has intercepted illicit drugs and pharmaceutical products valued at ₦511.4 million in separate operations along the Lagos–Benin and Lagos–Ibadan expressways. The seizures included cannabis, cocaine, crystal methamphetamine, synthetic cannabis and 57 cartons of codeine syrup, while two male suspects and two…

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