The Apapa Area Command of the Nigeria Customs Service (NCS) has reported that it generated N540 billion as revenue from January to June this year. The command’s Public Relations Officer, Abubakar Usman, in a statement confirmed that out of the amount N119 billion was generated in June, representing the highest monthly collection it recorded so far. […]
The Federal Operations Unit (FOU) Zone A of the Nigeria Customs Service (NCS) disclosed on Wednesday that it intercepted a Sienna bus with arms at Ijebu Ode, Ogun State, and before then had seized other smuggled goods with total duty paid value (DPV) of N462,708,875 The Acting Comptroller, Kehinde Hussein Ejibunu, who disclosed this during […]
Transactions at the Nigerian Exchange Limited (NGX) closed positively in July this year as earnings and dividend declaration from quoted companies boosted the local bourse’s market capitalization by N1.814 trillion. The accretion to the market cap was also catalyzed by insider dealings among companies as directors and related parties consolidated their positions in their drive […]
The Federal Competition and Consumer Protection Commission (FCCPC) has issued an order asking Google to immediately delete Swiftcash and 17 other loan apps from the Play store. The Commission’s Chief Executive Officer, Mr. Babatunde Irukera, in a statement on Wednesday, said that the commission just observed that the apps had been operating on the Google […]
The Niger Delta Development Commission (NDDC) and the Nigeria Liquefied Natural Gas (NLNG) are set to sign a Memorandum of Understanding (MoU) in furtherance of their efforts to drive sustainable development in the Niger Delta region. The NDDC Director, Corporate Affairs, Dr. Ibitoye Abosede, in a statement, quoted the commission’s Managing Director of the NDDC, Dr. […]
The World Bank President, Ajay Banga, will begin a three-day visit to Nigeria on August 3 as part of his global tour schedule that is at the centre of a mission to write a new playbook for the 78-year-old institution. During the visit to the country, the development finance banker will focus on identifying opportunities […]
The Executive Vice Chairman and (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta the Director-General, Bureau of Public Service Reforms (BPSR), Dr. Dasuki Arabi, have signed a Memorandum of Understanding (MoU) to jointly work towards accelerating the digitisation reform processes in government. Speaking at the event, which recently took place at the NCC’s head […]
Nigeria’s health-tech startup, Remedial Health, has raised $12 million in Series A funding, comprising $8 million equity and $4 million debt. The company disclosed that the fund would be deployed to scale up its operations in Nigeria, facilitate the delivery of targeted financial services and support its beneficiaries in the pharmaceutical sector. Similarly, Remedial Health, […]
The National Bureau of Statistics (NBS), in its latest study on structure and ownership of select businesses in Nigeria, reported that 40% of such enterprises were owned by women while 12% were co-owned by a man and a woman, leaving a balance of 48% as men-owned enterprises. The Bureau gave these figures in its just […]
The Central Bank of Nigeria (CBN) on Monday excluded primary mortgage banks (PMBs) and microfinance banks (MFBs) from its cash withdrawal limit policy introduced over six months ago as part of its efforts to manage the liquidity in the economy. The apex bank, in a circular signed by its Director, Payment System Management, Musa Jimoh, and […]