CBN heeds Senate resolution, fines MTN, 4 banks over abuse of Forex Act 1995
Three years after, the Central Bank of Nigeria (CBN) on Wednesday sanctioned leading telecoms giant, MTN and four commercial banks over what it described as flagrant violation of extant laws and regulation on foreign exchange. Though industry experts who spoke…
Remaining 3 petroleum bills pass second reading, now in committee stage
Barley one month after the effective passage of the Petroleum Industry Governance Bill (PIGB), the Senate on Thursday, has kept to her promise by speeding up the legislative work on other three segments of the oil industry bills. The upper…
Senate passes Customs Service Commission Act, strips Minister supervisory roles
The Nigerian Senate on Wednesday, stripped the Minister of Finance its age long supervisory roles over the activities of the Nigerian Customs Service (NCS) and further sealed the new law with the creation of Nigerian Customs Services Commission (NCSC). The…
We said it on Monday that Ali risks walk out if on Mufti at Senate, it happened Thursday
The Senate on Thursday put paid to its threat and on a loud voice vote, turned back the Comptroller-General of Customs, Col. Hameed Ali (rtd) for appearing before the senate on mufti. WE published on Monday under Industry Category Vis:…
Exclusive: Customs CG risks walkout if he appears before Senate on mufti, Wednesday
A Senator of the Federal Republic (name with held), Sunday confided on Business Hilights in a telephone interview that the Comptroller General of Customs, Col. Hameed Ali (rtd) may risk not only walkout but vote of no confidence on his…
Relief as NASS orders Customs to suspend planned seizure of vehicles without paid duty
The senate, Tuesday passed a resolution mandating the Nigeria Customs Service (NCS) to suspend its policy on seizing vehicles on which duty has not been paid, saying it is retrogressive and indicate dereliction of duties on the side of the…
Local debts frustrating key sectors of economy, NASS cries out to DMO, others
Relying on feelers from major sectors of the economy, the Senate Tuesday advised the Minister of Finance and Debt management Office (DMO) to join forces with the rising naira to clear local debts so as to save the ailing but…
