By Seun Ibiyemi The Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to prioritise strategic market stabilisation over price suppression to cushion the inflationary impact of rising fuel prices. The Director-General of LCCI, Chinyere Almona, made the call in a statement issued on Tuesday in Lagos. Almona said the surge…
The Federal Government (FG) has reiterated its commitment to strengthening international collaboration, improving investment facilitation, and promoting governance transparency as part of efforts to enhance Nigeria’s global standing. Minister of State for Foreign Affairs, Bianca Udumegwu-Ojukwu, made this known in a goodwill message delivered at a webinar hosted by Fidelity Bank Plc on Tuesday. The…
By Seun Ibiyemi The Nigeria Customs Service (NCS) has strengthened its collaboration with the African Continental Free Trade Area Secretariat to advance the implementation of the Simplified Trade Regime (STR), aimed at supporting small-scale cross-border traders and enhancing regional commerce. The strategic engagement, held at the NCS Headquarters in Maitama, Abuja, brought together senior officials…
It is another remarkable day for an exceptional leader, a visionary public servant, Distinguished Senator Mukhail Adetokunbo Abiru, FCA, the Senator representing Lagos East Senatorial District and Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions. Fondly known as the “DoingGood Senator,” Tokunbo Abiru, whose life has become synonymous with purposeful impact,…
By Adeyemi David The Inspector-General of Police (IGP), Olatunji Disu, has ordered the immediate deployment of newly promoted Assistant Inspectors-General of Police (AIGs) and Commissioners of Police (CPs) to various commands, formations, and departments across the country. The directive was disclosed in a statement on Tuesday in Abuja by the Force Public Relations Officer, Anthony…
By Seun Ibiyemi Nigerian banks have mobilised a total of N4.61 trillion in fresh capital under the ongoing recapitalisation programme of the Central Bank of Nigeria (CBN), reflecting robust investor confidence and increased foreign participation in the sector. This was disclosed in a statement issued on Tuesday following remarks by the CBN Governor, Olayemi Cardoso,…
By Seun Ibiyemi The Nigeria Customs Service (NCS) has uncovered a massive discrepancy between the declared and actual value of imported goods in 2024, revealing widespread undervaluation and non-compliance among importers. According to newly released Pre-Arrival Assessment Report (PAAR) performance data, the customs service recorded a 117.92 per cent increase in assessed values compared to…
Nigerian Exchange Group has partnered with the Federal Ministry of Women Affairs and Social Development to deepen women’s economic empowerment and promote gender inclusion in Nigeria’s capital market. The collaboration came to the fore during a strategic visit by the Minister of Women Affairs and Social Development, Imaan Sulaiman-Ibrahim, to NGX Group in Lagos on…
By Seun Ibiyemi Nigeria’s Minister of Power, Adebayo Adelabu, has announced that the Federal Government is implementing urgent measures to address gas supply constraints responsible for the country’s persistent electricity shortages. Speaking at a press conference in Abuja on Tuesday, Adelabu acknowledged widespread public frustration over poor power supply, attributing the situation largely to inadequate…
By Seun Ibiyemi The Federal Government on Tuesday launched the first phase of the National Single Window (NSW), a digital platform designed to streamline international trade processes and tackle the persistent congestion burden on Nigerian businesses. The initiative was unveiled by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, as part…
